10 Common Mistakes to Avoid When Purchasing Insurance for Fullsize Sedans YesEnsure

10 Common Mistakes to Avoid When Purchasing Insurance for Fullsize Sedans

It’s fairly self-explanatory why many people choose to purchase fullsize sedans for their primary forms of transportation. They offer much more space, comfort, and amenities than other cars in the same price point.  If you’ve done the research and finally settled on purchasing your first fullsize sedan, congratulations! However, one of the most important things to do after buying a car is to ensure that it’s properly covered by insurance. Here are some common mistakes people make when purchasing insurance for their fullscale sedans:

10. Not asking about discounts

Insurance companies offer different types of discounts depending on your driving history, the make and model of your car, and even which insurance company you choose. While it may take a little bit of effort to find out what discounts are available in your area, it will be well worth the time when you save hundreds (or thousands) of dollars each year.

9. Not comparing quotes from different providers

Insurance is a competitive business and there are always deals to be had on certain types of coverage. While some companies may offer a great deal, others may have better customer service or more reputable claims handling procedures. By not comparison shopping among various insurance providers, you could end up paying too much for inadequate coverage.

8. Using the same company that your family uses

While it’s true that insurance is all about using statistics to predict risk, having a car insured through the same provider as two or more family members also means that you will be lumped together and won’t receive discounts for insuring your cars separately with different providers. This is especially the case with young drivers that are added to their parents’ policies.

7. Not calling or visiting your agent before filing a claim

If you have fully comprehensive coverage for your car, it’s important to remember that the insurance company is not obligated to cover anything until you report an incident. If you file a claim against someone else’s policy without contacting your own insurer, you may be in for a surprise when they deny your claim. Even if the damage to your car is minimal, it’s very likely that you will have to pay a deductible in order to get your car fixed.

6. Not calling or visiting your agent before buying supplemental coverage

Supplemental coverage is anything that isn’t covered under your standard insurance policy. This can include collision coverage, extra liability coverage, medical benefits, etc. While some of these additions may seem attractive on the surface, you may find that they are not needed or have too high a deductible to justify their cost. Make sure to consult with an independent agent who specializes in fullsize sedans before signing up for anything.

5. Canceling your current policy before finding a new one

Let’s say that you experience some minor fender benders or get more tickets than anticipated so your premium is rising to an unaffordable level. While it may be tempting to cancel the old policy, this will have no effect on future quotes until you actually find a new carrier. Finding a new car insurance company will impact the cost of your monthly payments, so it’s best to keep your current policy in force until you find a suitable replacement.

4. Only shopping for price

This is probably the biggest mistake that people make when purchasing fullsize sedan insurance. While price should definitely be an important factor, it should never be the only factor that determines how you choose a car insurance company. Insurance is about risk and every company will let you know if they feel your driving history is unacceptable for their company. It’s best to choose a reputable company first, and then make sure that they offer the best deal in town before signing up.

3. Not letting your insurance company know about new addresses, cars or drivers

If you move to a new house or get a new car, it’s best that you update this information with your insurance company. Many companies will match up their customer list against the MVR of your family members to determine risk so you should let them know if anything changes. Also, you should be sure to tell them about new drivers that will be on your policy within thirty days of when they receive their license.

2. Underinsuring the value of your car

If you ever have to file a claim, an insurance company is going to base it around your stated value for your vehicle. If this isn’t set at a high enough level, it’s very likely that the insurance company will only pay you what your car is currently worth and not what you paid for it. This means that you might be out a significant amount of money to replace your car, so make sure to get several quotes before settling on an annual premium.

1. Not understanding how fullsize sedan insurance works

Some people think that they can switch to cheaper insurance simply by increasing their deductibles. While this may work in some cases, it’s very likely that you will immediately see a sizable increase in your premiums if you choose to do so. It’s always best to keep the actual condition of your car and driving record in mind when shopping for insurance so that you won’t end up regretting your decision.

What is insurance for fullsize sedan car?

It is a legal requirement in most places to have car insurance if you want to drive. Car insurance for fullsize sedan cars provides financial protection against claims like theft and accidents. Most drivers will purchase their own car insurance and some may be covered under the legal requirements of a family member or other person.

What are the most common mistakes people make when purchasing insurance?

These are some of the areas that might cause you problems when choosing insurance for fullsize sedan cars. Not knowing how much coverage you need is one of the biggest issues, but not understanding how deductibles work or not making changes to cover your car with an upgraded policy are all common mistakes.

What is the difference between liability, comprehensive and collision?

Liability coverage protects you if an accident happens while you are driving someone else’s vehicle or if there is an incident on your premises. If another driver hits your car then this policy will also provide protection for damage to that person’s property.
 
Comprehensive insurance means that your vehicle will be covered for damages caused by weather conditions, natural disasters and other factors outside of the control of a driver. This usually includes engine damage from accidents as well as fire, theft or vandalism.
 
Collision coverage provides protection against any accidents that happen while you are driving your own car. It will generally pay out if a wall or another vehicle hits your car.

Why do I need it?

Car insurance is not a luxury, it’s a legal requirement. If you accept the higher risk of driving without car insurance then you will have to pay increased fines and premiums if you are caught. By accepting responsibility for financial protection from accidents, injuries or theft that happens on your property, you can enjoy more affordable rates.

In The Final Analysis

By following these 10 tips, it should be much easier to find the type of coverage that works for you. If you do find yourself having trouble keeping your premiums low, consider shopping around for more affordable insurance at least once every 12 months. This will guarantee that you are getting the best possible deal, even if it means switching carriers for a more suitable policy.

Scroll to Top