Buying an auto insurance policy is one of the most important financial decisions you’ll make, so it’s worth taking the time to research. However, too often people don’t do their research, and they make mistakes as a result. Below are some of the most common auto insurance mistakes. At the Ed Thompson Insurance Agency in Omaha, NE, we want to help you avoid these mistakes. Take a look at the list below, and let us know if you have any questions.
Not Understanding State Auto Insurance Laws
Before purchasing, it’s important to understand the auto insurance laws for your state. Because each state has different laws, some drivers may break insurance laws without realizing it. This is especially true for drivers who move from one state to another. If you’ve recently moved to Nebraska, make sure that you have the right auto insurance coverage.
Not Updating the Policy
When was the last time you updated your auto insurance policy? Some drivers buy car insurance and then forget about it. However, you’ll want to make sure that your policy stays up to date. For example, your rates may change if you get a new car or go a certain amount of time without having an accident. If it’s been a while since you’ve updated your policy, it’s time to take a second look.
Only Buying the Bare Minimum
Many drivers only get bare minimum coverage. They look at what their state requires, purchase exactly that much coverage, and then move on. However, this approach can become costly over time. In case of a car accident, for instance, someone with minimum coverage may end up paying a lot of money out of pocket.
Want to make sure you’re not making these crucial mistakes? Get in touch with the Ed Thompson Insurance Agency in Omaha, NE. We’d love to answer your auto insurance questions and help you get the right coverage for your needs.