Mistake 1: Buying Based on Price Alone
Cheapest isn’t always best. You might be sacrificing coverage, service, or claims support just to save a few bucks.
Mistake 2: Not Updating Your Policy When Life Changes
Moved to a new state? Changed jobs? Started working from home? These things impact your premium — for better or worse.
Mistake 3: Ignoring Your Deductible
A $250 deductible sounds nice until you realize you’re paying $400 more every year than you would with a $500 or $1,000 deductible.
Mistake 4: Choosing State Minimums
State minimums are often dangerously low. One bad accident and you could still owe tens of thousands out of pocket.
Mistake 5: Overlooking Discounts
So many people miss out on easy discounts: safe driver, good student, low mileage, and bundling policies.
Mistake 6: Not Researching the Insurance Company
Price matters, but service matters too. Read reviews, check claim satisfaction ratings, and ask around before you pick a provider.
Mistake 7: Failing to Re-Shop Every Year
Insurance rates change constantly. Even if you love your company, it doesn’t hurt to compare prices every 12 months.