You may not think an error on your auto insurance application is a big deal, but the consequences can be very costly. Giving inaccurate information on your application can lead to increased premiums, policy cancellations, or insufficient coverage in the event of an accident. Here are some common mistakes to avoid when applying for auto insurance.
Auto Insurance Mistakes to Avoid
Not listing all your drivers on your policy
Anyone who continuously drives your vehicle, even if it’s just for a short period of time each week, should be listed on your policy. Failing to do so can result in insufficient coverage if the uninsured driver causes any damage to the vehicle. Therefore, you’d be left footing the bill!
Not reporting life changes
Changing addresses or adding another driver to a vehicle are all life changes that need to be updated on your policy. By not reporting changes, you may be overpaying for coverage and missing out on available discounts.
Not reporting your car’s true location
The difference between parking in one zip code versus another can greatly affect the amount of coverage you need for your vehicle. For instance, if you live in a high-risk area such as a busy city you may have to pay more for adequate protection. Failing to report your car’s true location can impact the accuracy of your insurance quotes.
Not disclosing business uses
In some cases, you may need a specialized policy when driving for business purposes or for a rideshare company like Uber or Lyft. Failing to take the proper steps could lead to a lack of coverage following an accident.
Not mentioning your previous violations or infractions
It’s best to be upfront about your driving record to avoid any conflicts or discrepancies. Your insurance company can easily retrieve any driving records to check the accuracy of your application. So, if you’re aiming to keep your rates low we suggest obeying the traffic laws in your area.
For current Georgia road rules check out our blog.
Inaccuracies on your auto insurance application can end up costing you more money in the long run. If you think that you may have given inaccurate or incomplete information on your auto insurance application, contact the insurance professionals at Atlanta Insurance to update your auto policy and avoid any ramifications.
Contact Atlanta Insurance today for additional coverage guidance.