Dont Be Fooled: Avoiding Car Insurance Scams
May 8, 2008 – 5:29 amCar insurance is one of the largest markets in our society, which means the opportunity for people to create car insurance scams is great. It is important to be aware of this when you are looking to make a car insurance purchase.
Car insurance scams are not uncommon, but there are many ways you can protect yourself. First, remember the old adage: If it sounds too good to be true, then it probably is.
Purchase your insurance from a reputable company. Take your time and do the research. The internet is a great source for finding lists of scammers and disreputable companies.
Become a AA car insurance member, where you can get free car insurance quotes. You can have access to these quotes without having to go with a particular car insurance company.
Most reputable car insurance companies offer free quotes. If they ask you to pay, that should be your first warning sign. The only thing you should ever have to pay for is the actual insurance premium and any associated taxes and fees. If a car insurance company asks you to pay for a quote, just walk away.
Another warning sign to potential scams are deals that offer exaggerated reduced fees (as compared to the rest of the market) or free months. Again, if it seems to good to be true, it probably is. Car insurance is an expense that is necessary, and expensive, so be prepared to spend quite a bit. This doesn’t mean you have to pay for the most expensive service, but for the most part, most insurers’ rates are within the same ballpark.
If you do end up finding an insurer who is extremely cheap, you could end up paying a lot more in the end. If you were to get in an accident and find out your insurer is not real, you still have to pay for your mistake.
The most important thing to remember is to research car insurance companies thoroughly. Spending extra time before you buy will be well worth it in the long run. Be sure you know what you’re doing before you sign the dotted line.
Tags: Insurance
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