lunes, 8 de mayo de 2017

Common mistakes that can raise your Insurance premiums

Insurers consider a large number of factors in determining premiums, so it's often challenging for consumers to understand why they are paying higher rates than their neighbors or co-workers. All you can do is ask questions when you buy your insurance, get comparison quotes and expect to receive a fair charge.

At GUARDIAN INSURANCE AGENCY located in Fairburn, Lagrange and Norcross, we show you the most important mistakes that can affect your insurance premiums:

1. Not Researching Discounts:

Evaluating insurance discounts is essential to finding the best auto insurance rates. There are a lot of car insurance discounts offered for all sorts of things, from the safety grade of your vehicle to how your medical history is. You may not qualify for all of them, but you probably qualify for a least one discount.  If you have a family member in the military, there is a discount for that. The same goes for owning a home, completing a defensive driving course, or buying a hybrid car. All discounts vary by company, so it is important to investigate which company has the type of discounts that will benefit you most before deciding where to buy your next policy. And don’t stop thinking about discounts always: If you add a new anti-theft feature, your commute to work shortens, or some other significant change happens to your vehicle or driving behavior, call your insurance agent and see if you qualify for additional savings.

2. Purchasing Bare-Minimum Coverage:

No one wants to spend more than they need, and car insurance is no different. Though buying insurance may not be the most exciting purchase of the year, it could be one of the most rewarding. When purchasing insurance, here are some things to consider: What will you be liable if you are involved in an accident with a luxury vehicle such as a Mercedes S-Class or Tesla Model S? If someone is seriously injured, are you prepared to cover your possible medical care? How will your finances be affected if you are hit by an uninsured driver? What if strong winds knock a branch off the roof of your car? Make sure you have considered these scenarios and the additional coverage options to protect against them before choosing the cheapest option. Your wallet will thank you.

3. Automatically Renewing Your Existing Policy:

This is an easy mistake to make, and one that often happens before you even realize it. The longer you have been with an insurer, the greater your savings if you decide to change insurance company. This is because older policies are likely to have gained more annual premium increases and are more likely to be raised due to price optimization. Even if you don’t want to switch carriers, getting lower quotes from competitors can provide an incentive for your current insurer to offer a reduction in price. We advise that when your renewal time nears, you should compare a number of competitive quotes to ensure the best offer.

Remember that a car insurance policy may help protect your wallet, your vehicle and even offer peace of mind. Contact us for more Information, At GUARDIAN INSURANCE AGENCY located in Fairburn, Lagrange and Norcross, we can help you choose the coverage that's right for your needs.

For more Information contact us: (706) 884-5006 or (770) 969-5666

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