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Many people do everything that they can to save money. Some things are worth it, like saving money on your groceries and other necessities. However, there are times when buying cheap isn’t always better. Car insurance is one of those things.
Here are some reasons not to buy cheap car insurance.
Cheap Insurance Won’t Cover Enough
Many states have minimums when it comes to how much insurance you are required to have. Unfortunately, that is not enough. Most of the time, they only recommend liability insurance, which won’t pay for any vehicle repairs or your own medical expenses. One accident could cost you tens of thousands of dollars. If you aren’t able to pay that, you could be sued.
You Could be Facing a High Deductible.
You are responsible for your deductible before your insurance pays for anything. You may be looking at spending several thousands of dollars out of pocket before your insurance covers anything. Instead of choosing a cheaper plan, you may want to choose one that will require less deductible.
You may end up fighting over your insurance if you buy the cheapest policy available
These companies are quick to quibble over the cost of the claim. They may not want to replace your vehicle with a cheaper model. Even if you had a really nice vehicle that was totaled, they may not give you enough money to buy something similar.
You may have to deal with fees that you weren’t expecting
You may be surprised when you get your bill for your insurance. You may notice that you are paying more than you expected because you are going to have to pay some extra fees. In fact, it may take your bill over another plan, just because of the extra fees!
Though you may want to save money, you really shouldn’t go for the cheapest option when it comes to your car insurance. It won’t cover as much as a better plan. You may also have a high deductible so you will find yourself spending more money if you are in an accident!
If you would to like to discuss your options for car insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!