What to do to avoid losing money when buying car insurance?
Choosing a car insurance package is not easy with the variety of many types of insurance today, if you are not careful, you will even lose money unjustly.
Therefore, car owners should research carefully before spending money to buy car insurance.
Choose a reputable insurance company
There are many insurance companies on the market today with different fees and services. Car owners should research and compare to make the best choice.
Also, find out about the procedures for resolving incidents or the financial size and reputation of these businesses. Don't let appearances and attractive advertisements influence your decision.
Don’t be shy about asking friends, family members, or people who have experience with the subject. Sometimes their feedback is the key to avoiding mistakes.
Study the terms carefully
The terms of the contract between the car owner and the insurance company are one of the reasons for disputes and litigation when it comes to settling compensation. This is where customers are most likely to make mistakes.
Some customers often do not pay attention to the conditions in the terms, such as expired registration, vehicle not used for the registered purpose, driver causing an accident without a valid driver's license, insurance purchase lacking the required coverage...
To avoid mistakes that may cause future losses, before purchasing insurance, car owners need to carefully study the items in the contract and consider extended insurance coverage.
Understand rights and responsibilities
In addition to understanding the terms and services, you need to understand your rights and responsibilities. Don't let yourself be in the dark about this issue because you may be deceived by insurance companies.
Think carefully before signing up for any type of insurance. Always ask yourself whether it will really benefit you. Will you be able to resolve problems when your car breaks down, receive fair and prompt compensation, and have your car repaired or replaced at a professional garage with genuine spare parts?
You must have the right to choose the repair place when signing the contract, to avoid being swapped with poor quality or non-genuine items.
Therefore, it is necessary to negotiate very specifically about each clause. This is the best way to ensure the rights of the insurance buyer.
Consider insurance plans with different benefits
There are many types of auto physical damage insurance products with different coverage and compensation limits, leading to different prices. The basic principle is that the insurance product with more benefits and higher compensation limits will have a higher price.
Car owners can rely on this principle to choose the appropriate insurance coverage to save some costs.
