The Hidden Costs of Cheap Car Insurance

How discount car insurance can end up costing you.The Hidden Costs of Cheap Car Insurance

No one wants to pay more for their auto insurance than they have to, and this is why many drivers choose the cheapest insurance option available. While this strategy might save money up front, there are some serious costs associated with cheap car insurance. Here’s how your discount car insurance could end up costing you.

Insufficient Liability Coverage

While most states require drivers to carry some minimum level of liability insurance, this coverage probably won’t be enough to cover you if you get into an accident. If your policy cannot cover the cost of the injuries or damage you may have caused, you will be financially responsible for these expenses.

You Own Repairs and Medical Costs

While states require drivers to have liability insurance, this type of insurance only covers the damages and injuries to the other party. If your car requires repairs, or if you require medical attention, you will likely have to pay out-of-pocket for these expenses.

No Coverage for Other Drivers

While most standard auto insurance policies offer coverage for the policyholder, for any listed household members, and the friends and family that you let borrow your car, discount car insurance might not be so generous. If you let a friend drive your car and they get into an accident, it’s possible that your insurance will deny you coverage. This means that the full financial responsibility of the accident will rest on your shoulders.

Ultimately, paying for the auto coverage that you actually need is much safer than relying on a cheap policy.  To find comprehensive auto coverage that fits your budget, contact the professionals at ISU-Wissink Insurance in Culver City, California.  We are ready to get you the coverage that you need today.