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3 Mistakes To Avoid With Your Auto Insurance Policy

Insurance is meant to provide you with the protection you need for your property. You depend on it to be there in the event of a loss. However, that doesn't mean you should have to spend more money than necessary on your new policy. It doesn't matter if you are new to the world of insurance or you have had the same type of coverage for the past 20 years, you deserve to get service and rates that are fair and just. To get the most out of your insurance policy, don't make one of these costly mistakes.

Choosing the lowest possible deductible.

When you choose the lowest deductible possible for your insurance policies, you are going to end up paying a lot more for your premium every month.If you file too many claims, it could make it to where your insurance carrier says they have had enough and drops you as a client. No insurance company wants to pay more in claims than what they are receiving in premiums. While a lower deductible might help with claims, it could come back on you later on down the line. By boosting your deductible from $500 to $1,000, you could save an average of 9% or more on your premium. 

Not paying attention to the complaint records.

While it makes sense to spend some time shopping around for a new policy every few years, that doesn't mean you should switch companies just to save $5 or $10. You could end up with a company that treats their customers horribly and doesn't respond to claims the way they should, and all for the sake of a few bucks. Make sure you check the company out. Investigate their complaint record. Stay away from those who have a lot of complaints on file.

Not asking for all of your discounts.

Many people don't realize all of the discounts they can get from their insurance company if they only ask. From the standard multi-policy discount to discounts for belonging to a credit union, being in college, not having any accidents, not drinking, not driving more than 5,000 miles in a year and much more. The savings can add up quicker than you realize. Make sure to ask a professional auto insurance company, like AZBY Brokerage Inc, about what discounts are available, so you can take advantage of all the available savings.

By not making the mistakes above, you can get the most out of your policy and keep more of your money in your pocket each month.