When shopping for car insurance coverage, it’s important to make sure it’s exactly what you need to save you time in the long run. One mistake, however, can cost you hundreds or thousands of dollars down the road. Before buying or renewing your auto policy, here are a few common insurance purchasing pitfalls and how to sidestep them.    

4 Mistakes to Avoid When Buying Auto Insurance Coverage

1. Not Buying Enough Insurance

Ohio’s minimum legal requirements for auto insurance are $25,000 to cover one person’s injury or death and $50,000 to cover the injury or death of two or more people. At least $25,000 is required to compensate for property damaged in an accident. Carrying minimum coverage may not be enough if you are found liable for damages in a serious accident. To avoid paying high out-of-pocket expenses after a collision, seek advice and insurance quotes from experienced agents before making your purchase.   

2. Not Knowing What You Need

Knowing the role the vehicle will play in your life enables you to insure it properly. A car that’s used for long road trips is going to cost differently than it does to insure a vehicle that is used for day to day tasks. If you own a high-end, vintage, or classic car, get a written appraisal of its current and replacement values. This will help determine how much coverage is needed and so you don’t buy less than required.

3. Purchasing Overlapping Coverage

Choosing coverage for rental reimbursement, towing, and roadside service may be wise. But check whether you have similar or overlapping coverage through other resources, such as credit card loyalty programs or automotive membership clubs, to avoid wasting money on double coverage.    

4. Missing Out on Discounts

If you don’t shop for discounts, you miss saving money on premium payments. When seeking insurance quotes, ask the agent to tell you about all the discounts the company offers. Typical discounts are available for safe drivers, homeowners, insuring multiple vehicles, safety and security equipment, and automatic payments.         

When you need car insurance coverage, consult the insurance professionals at Bob Shropshire Bail Bonds. Serving the Cincinnati, OH, area with affordable car insurance, they are available 24/7 to help you make the right choice and avoid costly insurance mistakes. Call (513) 721-3915 now or visit them online to get the policy you need.