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Is Cheap Car Insurance Worth it in the Long Run?

When shopping for car insurance, price is often a top factor in the decision-making process. We’ve all seen insurance company ads that boast lower rates than the competition. Is it really a good deal or more trouble than it’s worth? Experts seem to agree that cheaper does not necessarily mean better.  

Not all insurance is created equally so it’s important to take the time to understand your policy and ask questions. A little extra work ahead of time will provide you with the comfort that you are protected in case of an accident. You get what you pay for so do your research!

Here are some considerations, brought to you by all of us at Service King Perrin Beitel in San Antonio, TX :  

Coverage

Make sure you will receive proper coverage with the policy you ultimately choose. Rather than focusing on price alone, look at the benefits offered before making a decision. It may cost more up front but you will be better protected in the long run. For example, if you choose the minimum level of liability insurance coverage required in your state, it will only cover damages to the other driver’s vehicle.

Deductibles

Many people think they can save costs by choosing a higher deductible. Although it will lower your premium, you may have more costs if you are in an accident. If you have medical coverage associated with the policy, find out the limit and if there is a deductible.

Customer Service

Before signing up with an insurance company, find out how claims are processed and if there is 24/7 support if needed. Also consider looking at online reviews to learn more about past customers’ experiences with the company.

Possible Scams

If it sounds too good to be true, it usually is. A promise of “cheap” insurance can often mean a scam. Carefully research the insurance company you are planning to use to ensure the company really exists. Never offer personal information without making sure it’s legitimate. If you are using a website to obtain a quote, check to see if the web address starts with https or http—https means it’s a secure site.

Additional Features

Some insurance companies offer additional features with their policies such as Incident Forgiveness so you won’t lose your insurance coverage if you are in an accident. Take the time to learn what is offered by the various providers.

Depending on the policy you choose, you may need to sacrifice some coverage. A professional insurance agent will go over the options and help you find the best coverage for your personal situation.

Sources: AOL, CNN and MSN