Purchasing the cheapest insurance available
With the economy being in such upheaval, many people have been forced to adjust their budget. However, choosing just the basic level of insurance coverage could lead to a slew of problems in the long run. If the motorist happens to be found responsible for a crash, the insurance company will not pay for any damages to their vehicle.
Lying to the insurance company
In an effort to save a few bucks, some car owners attempt to lie to the insurance company. Unfortunately, this dishonest tactic could prove to be ineffective. If the car owner is caught providing false information, he or she risks being denied a claim or penalized with higher rates.
Failing to obtain all of the available discounts
The truth of the matter is that most car insurance companies offer certain discounts and incentives to the customer. Motorists are able to obtain discounts for things such as being accident-free, having anti-theft devices, and being a loyal customer. If the driver fails to inquire about these discounts, he may be leaving hundreds of dollars on the table.
Forgetting to read the insurance policy
Some motorists do not even bother to skim through the details of their car insurance policy. The best approach is to carefully read the entire policy before signing on the dotted line. If there are any misunderstandings, do not hesitate to ask the Winston-Salem insurance agent to further explain the fine print. Waiting until after an accident to inquire about the specifics of the insurance policy is a recipe for disaster.
Not shopping around
Some car owners tend to go with the first insurance company that they happen to run across. Not only could this method lead to the motorist paying extra money, but they could also be signing up with a low-quality insurance company. Taking a little more time to shop the market will definitely be well worth the extra effort.