When Cheap Car Insurance Is Not The Best Option

So you’ve taken the leap and purchased a new car. You spent a good deal of time shopping around to make sure that you got the very best deal, and now you want to make sure that you’re able to save as much as possible on your car insurance. If you’re like most other motorists, you’ll want to get the very best deal.  But when is cheap car insurance not the best option for you?

If you do some research, you’ll find that the cheapest car insurance is not always the best way for you to go. The old saying is true: you get what you pay for, so keep this in mind. While it’s possible to get a good deal for less, in most cases, the less expensive car insurance will not provide the coverage that you need.

Here are just a few reasons why getting the cheapest car insurance is not always the best option for you.

Your meager coverage will provide minimal protection

While your state’s minimum liability coverage may seem tempting, especially if you are on a limited budget, you need to consider how it will help you if you are ever in an accident. Your attempts to save money in this way could turn into a financial disaster when you’re forced to file a claim after an accident.

High deductibles mean more out of pocket expenses

If you have a high deductible, it’s going to cost you more out of pocket if you have an accident. Sure, raising your deductible will shave a little money off your monthly premium, but it will also raise the costs if you have to file a claim. Drivers find out the hard way that the slight increase in premium payments is insignificant when they’re confronted with enormous out of pocket costs.
Lower limits will increase your liability

The lower your limit, the greater your liability when you’re confronted with repairs or law suits. You’ll be surprised at how quickly it is to reach your limits when you’re the one responsible.

These are the areas where a better policy will bring you a wealth of good. You’ll certainly save a lot of money in the long run. There are much better ways to save on your car insurance while ensuring that you’re not sacrificing the vital coverage that you need to drive your car.

You can get discounts for a great number of things, which will make getting a more expensive policy more affordable for you. Discounts are available for just about anything that decreases the insurer’s risk.

Some of the major discounts include:

•    Multiple vehicle discounts for insuring more than one vehicle from the same home.

•    No claims discounts can be applied to your policy after a year of no claims.

•    Homeowner’s discount applies if you insure your home with the same provider.

•    Pay your insurance in full for the year and you’ll get a paid in full discount.

•    Let the company monitor your driving and they’ll give you a safe driver discount.

•    Security discounts apply when you equip your car with security devices like alarms.

Apart from the discounts discussed above, you can save heaps on insurance if you switch your provider. It all starts with smart shopping on your part. You need to be an informed consumer, especially when it applies to getting the right amount of coverage for your car.

Once you’ve done the proper amount of research, you can purchase the best car insurance for your particular needs. It also means that you’ll avoid the pitfalls of sacrificing coverage just to save money on your car insurance. Comparison shopping will help you to find a more comprehensive policy so that you don’t face financial ruin if you’re ever in an accident. Once you see the real costs of cheap car insurance, you’ll not make the mistake of getting it again.

Sam Jones the author advises readers to compare insurance quotes on uSwitch, for the cheapest car insurance deals (http://www.uswitch.com/car-insurance/the-cheapest-cars-to-insure/).

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