We all have a lot of demands on our wallets: Mortgages or rents, car payments, lessons for the kids, phone bills – and on and on. So, when it comes time to buy car insurance, it’s little wonder why so many people want to keep their costs down.
However, buying cheap car insurance – or minimal car insurance – today can set you up for a big financial hit tomorrow. Here are three hidden costs of cheap car insurance you’ll want to avoid:
I know it’s tempting to determine what you can afford to pay for car insurance and then find a policy to match. But, as these examples illustrate, saving in the short term may actually cost you more in the long run. So, talk to your independent insurance agent before you settle for an auto policy that leaves you open to risk. Your independent agent can help you balance coverage and price to a point that feels comfortable to you.
As I always say: I’d rather have the coverage and not need it, than to need it and not have it. You just never know when that day will come when your insurance policy helps save you from severe financial loss.
About Cresta Combs and Menicucci Insurance Agency
Cresta Combs brings nearly 10 years of insurance experience to Menicucci Insurance Agency, an independent insurance agency based in Albuquerque, New Mexico. As the agency’s personal lines manager, she strives to provide the best in service and education, helping clients understand how their coverage works. She draws on a wealth of knowledge about insurance and current practices within the industry to help clients maintain broad coverage at a reasonable price. Privately held and locally owned since being founded in 2007, Menicucci Insurance Agency further emphasizes excellent customer service, high-quality insurance products and a deep commitment to ethics throughout the organization.
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