Certain auto insurance mistakes can significantly affect you financially. Here at Sutkay Insurance Group, serving Rockford, IL, and the surrounding areas, we want to help you make smart insurance choices. Keep reading to learn more.
Under Insuring Your Vehicle
Many people are tempted to underinsure their cars to save money. In the long run, this often ends up costing them more money. If your vehicle is involved in an accident, damaged, or stolen, you could find yourself without the resources to replace it, which could put you in a really bad situation.
Loaning Out Your Car
You need to be very careful when it comes to allowing others who are not named on the policy to drive your vehicle. This can cause issues if the car is involved in an accident while driving by someone else. If you have someone who will drive your vehicle often, you need to have them added to the policy. This is the best way to ensure that your vehicle and drivers are adequately covered.
Allowing Coverage To Lapse.
This is the biggest mistake you can ever make with your auto insurance. You simply cannot allow your auto insurance to lapse for any reason. Not only does this make the vehicle undrivable legally, but it can also complicate your vehicle’s registration. Most registration is also linked to insurance coverage now.
To learn more about auto insurance, please get in touch with Sutkay Insurance Group, serving Rockford, IL, and the surrounding areas.
