In auto insurance, as in every thing else, you get what you pay for. And the fact is, discount car insurance will do little more than keep a car on the road, meeting the basic legal requirements. If you expect something more than that, you might be disappointed.
Here are 4 ways discount auto insurance may let you down:
Slow — or non-existent — customer service
A decent automobile insurance company prides itself on the customer service it can offer to its clients. After all, it is a lot simpler to keep an existing customer than it’s to locate a brand new one. But cheap car insurance companies will sacrifice your long-term satisfaction to make a quick dollar upfront. They’ll cut expenses wherever they can including in customer service and claims departments. Consequently, they simply can’t provide the resources necessary to offer you anything more than a legal car — as long as you never make a claim. When that happens, good luck.
For instance, many discount auto insurance companies use customer service automation. As a result, getting a live human being on the telephone is difficult. Whether or not you are dealing with claims or billing errors, you stand a good chance of becoming put in voice mail jail. Not just that — they’re much more prone to errors merely because the human element is gone.
Lost time
Whenever you have an accident, your auto insurance company will be sending an adjuster to look at you automobile and assess the damage — and to weed out phony claims. Inexpensive car insurance companies offer a bare-bones staff to do this. Consequently, your claim might sit in a file for days or weeks (or even months) with out anything happening. This means your car may remain in damaged condition for that whole time. In the event you cannot drive it, that is bad. However it could be much more complicated than that.
In numerous states, accident harm should either be fixed before state inspection is due or the automobile may have to sit idle while waiting. At the same time, very few states regulate how long an insurance company may take to respond to your claim. So if you have to wait months for a claim to be carried out, tough luck. The auto insurance business is within their legal right to string you along.
Beyond the basics — not so inexpensive
In short, the only thing individuals save when selecting cheap auto insurance is about $50 on the basic, no-frills policy. As soon as you begin adding much more extensive coverage, your premium may well skyrocket. In other words, you will end up paying much more than they would have if you had started with a reputable automobile insurance company.
How much is it worth to keep your privacy secure?
Among the least talked-about risks of buying cheap auto insurance security. Your individual information might not be protected by a decent privacy policy. Your credit card number, social security number, address, telephone number, even your medication background is in the hands of a company that may not protect it simply because they spend no resources on privacy protections. Consequently, you are at danger for identity theft. Reality is, no business can guarantee an iron-clad privacy policy, but most reputable companies will hire security experts to make sure that your sensitive information stays secure.
Conclusion
Hopefully this article has offered you something to think about before purchasing the cheapest car insurance policy you’ll find. Remember — if it sounds too good to be true, it probably is.
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