Is Cheap Car Insurance Really Worth It?

Is Cheap Car Insurance Really Worth It?

Cheap-car-insurance

Since the recent economic recession, more people than ever before are interested in saving money on Central Oregon Car Insurance and the sad thing is that with their desire to save money, the average person is actually getting less car insurance coverage and putting their financial future in jeopardy by driving around with car insurance that does not provide them with enough financial protection.

If you’re thinking about choosing cheap car insurance, here are the top consequences that come from cheap car insurance, so you don’t make the mistake of getting coverage that won’t cover all your financial needs, if you are involved in a car accident.

Lack of Liability Insurance to Cover All of Your Assets

In 2013, one most common mistakes that driver’s make when buying Central Oregon car insurance is choosing liability insurance with limits that will pay $15,000 per individual for their bodily injuries, $30,000 per individual, per accident, and then $5,000 if there are any property damages that are incurred in the car accident.

The reality with choosing low liability insurance limits is that with any car accident, it’s very easy for the average driver to incur $5,000 in damages to their vehicle, or incur $5,000 in damages from bodily injuries very quickly, and once someone uses up their $5,000 in liability insurance, they will be responsible for paying the remaining balance that’s due for hospital bills, vehicle repairs and any additional pain and suffering that resulted from the car accident.

Really Bad Customer Service

One sad hallmark of cheap car insurance is that many companies that offer cheap car insurance policies typically have very poor to nonexistent customer service and, there’s nothing worse than not being able to get your questions answered or speak to a live person when you need to file your car insurance claim.

Lack of Protection for Passengers

Last of all, but most important, many people who are interested in saving money on Central Oregon Car Insurance typically find out too late that cheap car insurance policies don’t provide them with enough coverage for the passengers in their vehicles should they be involved in a car accident and it’s important for every driver to verify how much car insurance they really have before they step out the door, especially if they are driving with passengers in your vehicle like small children.

To learn more about what to look out for when driving with cheap car insurance, or to get an affordable insurance quote, contact the Farnsworth agency today by calling us at 541-318-8835.

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