Car Insurance Companies

It isn’t likely that you will have a good word to say about Car Insurance companies.  They charge us a fortune, or so we see it, and do nothing for it unless we have an accident.  Then when we are unfortunate enough to be in an accident they don’t do all of the things we thought they would do, and they try to get out of paying every penny that they can.

Almost every state requires that drivers carry at least basic liability insurance coverage, so unfortunately, you can’t just decide to stop paying for insurance one day.  More and more States are enforcing a ‘no pay, no play’ system where if you are found driving without automobile insurance then your vehicle will be impounded.  North Carolina introduced this some years ago and has one of the lowest rates of uninsured drivers at 6%.  Some states report up to 32% of all drivers as being uninsured. So, not only do you need to make sure you have car insurance in case you cause an accident, you really need to make sure that you have uninsured motorist coverage to protect you in case you are involved in an accident with a driver that does not have auto insurance.

One of the biggest problems with our view of car insurance companies is that more often than not it is our own fault that our policy does not cover us for everything we thought it did or for the amounts that we assumed we would be covered for in an accident.  We simply do not pay attention when we are buying our car insurance coverage.  We might not buy the cheapest as we ‘know’ that it won’t be the best.  We might not buy the most expensive because we ‘know’ that some companies will be ripping us off.  What most of us do is pick a car insurance company whose rate falls somewhere in the middle, we play the averages.

Car insurance companies do not deliberately set out to con us.  They offer their prices based on a set of estimates of the chances of each one of us having an accident.  This is based on all sorts of information such as your age and where you live.  Most of us hate filling in forms and will skip through the auto insurance quote as quickly as possible not realizing the importance of what we are writing.  So take a little time and really read the questions, you could save money on your premium, and if you haven’t been 100% honest you could find you lose a lot of money if you have to file a claim.  Take the time to think what you need from your policy and make sure that the policy you buy includes everything you need before you pay out; it is too late when you have had an accident.