What to do to avoid losing money when buying car insurance?

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 for information from friends, family members or people who have experience with this issue. 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, driving without a valid driver's license when causing an accident, buying insurance that does not cover the required part...

To avoid mistakes that may cause disadvantages later, 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. Do not let yourself be in the dark about this issue because you may be deceived by insurance companies.

Think carefully before signing any insurance policy. Always ask yourself if it will really benefit you. Will you be able to resolve problems when your car breaks down or will you be compensated quickly and fairly, and will your car be 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 exchanged for poor quality or non-genuine goods.

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 car 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.