Many people are lured by the idea of cheap car insurance. After all, who doesn’t want to save money?
Yet choosing the cheapest insurance can turn into a situation where you’re being penny wise, but pound foolish. There are some major dangers of cheap car insurance. Exceptionally cheap car insurance often omits important coverage you and your family really need to be fully protected. Just one coverage gap can put you at major risk of financial loss.
Other dangers of cheap car insurance include reduced coverage for things like repairs and burdensome restrictions on the use of your car.
Car insurance should give your the protection you need and the peace of mind you deserve at a price you can afford. An insurance professional like an Erie Insurance Agent in your community can help you find the right coverage at the right price. Also check out our post about nine ways to save money on insurance.