Have you ever made a serious mistake due to a lack of information? Have you ever wished that someone had warned you before giving? Yes, that is exactly what we are doing today. In this article we will explain some most common and costly car insurance debts.
People give many excuses for not doing so, from “No one can tell me what to do!” “I am the safest driver in the country and I would never cause an accident.” in general, “I can’t pay you.” Are these your favorite excuses for making this mistake? We’ve got news for you.
First, the government knows and will tell you what to do and says you should have valid car insurance to drive. Do you still feel rebellious? Yes, go ahead but remember that you might be punished if you caught driving without car insurance.
Standard fees include and are not limited to suspension of your license and registration, arrest of your vehicle, and obtaining an expensive ticket. It’s not that hard now, is it?
For those who think they are the safest drivers on the road, it is up to you to have such a high level of confidence, but no matter how great your driving skills are, remember that anyone could be in danger. And if you are found to be at fault or the other party is also an uninsured driver like you, you will have a world of financial problems to deal with, let alone the above-mentioned fines associated with driving without insurance.
Yes, times are hard, the economy is still in crisis, and spending your hard-earned money on insurance (which you may never need) seems like a complete waste of time. You may really feel like you can’t afford car insurance. But consider: Can you afford to pay thousands of dollars for medical bills and damage? Because that’s the risk you take every time you drive without car insurance.
Now that we have confirmed that you have purchased car insurance, let’s take this one step further. How much is enough? The minimum amount of car insurance every driver needs to vary from province to province. While many states require a certain amount of credit, which includes damage caused to another person’s vehicle, property, or individual, other states require that you also carry the cover for PIP (Personal Injury Protection). While this is a minimum requirement to drive a car legally, it may not be enough. Minimum required car insurance coverage would not include theft / vandalism of your vehicle, post-collision, trees, animals, etc., or damage from rain, etc. In order for your insurance to achieve its purpose it must have at least a complete collision cover, in addition to the government-approved debt and PIP (if any). Do not go beyond the use of car insurance; it can cost you back thousands of dollars, and your insurance policy will not be able to help you.
Choosing the wrong insurance provider
Let’s face the following: choose the right insurance provider. Yes, we know that the Internet is full of ads for ‘CHEAP INSURANCE QUOTES’, but falling into their trap may not be the best idea. When choosing an insurance company, do not choose a company because it offers you a cheaper price. An obscure, unrecognized insurance company may not have the money, methods and inclination to handle the claim the way you need it. Other than that, the common tactic is to lure people to a lower cost of car insurance in the first place, only to increase prices over time for no apparent reason. Choose an established, reliable, well-rated, car insurance company that offers you the most affordable car insurance quotes and complete availability. If you are going to pay premiums every month, look for car insurance companies that will handle your claims seriously, effectively and efficiently. You will save money over time and enjoy greater peace of mind.
Rash / drunk driving
Just because you bought a full car insurance from a major supplier does not mean that you can now continue to crash your first car out of anger, or drive while intoxicated (translate: drunk). Yes, you can file a claim with your company and be cared for damages. But that is because you have enough information and if your claim is accepted. Also, making a claim often increases your insurance premiums. In addition, if you charge your insurance company too much, or you show that you will do so in the future, they will not keep you as a customer. Yes, you can look for new car insurance providers if this happens, but luckily to find someone to represent you if your driving record is cleared of DUI cases or other serious offenses. Remember, a clean driving record will get you the best car insurance prices out there.
Choosing a Deductible you can’t afford
Many people decide to lower their insurance premiums by choosing a higher deduction. Yet, please remember that in the event you apply you will have to pay this deductible. While you may not need to file a claim, you should be prepared for the possible date. So make sure you can afford your subscription.
Ignorance of making payments
Set a reminder on your phone, circle the date on your calendar. Keep a amount of money aside every month so you don’t run out; do whatever it takes to pay your insurance premiums.
Failure to make your insurance payments on time will result in the cancellation of your policy. Any injury to you or any other person with limited support from this point on is your responsibility.