“Cheap" Insurance Won’t Always Save You Money

Written by on 12/4/2015 8:29 AM . It has 3 Comments.

drivers with cheap auto insurance

Ever heard the expression, “You get what you pay for?” No one wants to pay more than they have to for anything, including auto insurance, but cheap insurance can cost you in the long run. Saving money on your monthly premiums by being underinsured won’t help you if you’re involved in an accident. The money you saved will be gone in a flash while you’re forced to pay out-of-pocket for big expenses.

Getting the cheapest Charlotte auto insurance policy possible may save you money on your monthly premiums, but you may also be putting yourself at risk.

The Risks of Cheap Auto Insurance

Long-term, your cheap auto insurance is only going to cost you money.

  • Purchasing less than the minimum level of insurance required by law could result in legal penalties - as well as the major expense of an accident. Even the legal minimum levels aren’t enough to cover you in most accidents. Choosing a lower level just makes the problem worse when you get into a fender bender.
  • Consider the cost of an accident or damage to your vehicle. Maybe you saved $40 a month by removing comprehensive or collision from your auto policy after you paid off your car loan. Now your vehicle is damaged and the bill is a few thousand dollars - or worse, your car is totaled and you have to buy a new one.
  • One in seven drivers are uninsured. Removing the uninsured motorist clause from your policy means you’re losing out on added protection when you have a run-in with someone who doesn’t have any insurance at all.

Better Ways to Save On Auto Insurance

When you purchase auto insurance, consider the value you’re getting:

  • Peace of mind that you’ll be covered in any accident.
  • Knowing your vehicle will be repaired or replaced with only a small cost to you.
  • Fewer hassles when an uninsured driver causes an accident.

You don’t need to overpay for great protection, though. There are some things you can do to save on your auto insurance without losing the coverage you really need.

  • Bundle your policies for discounts.
  • Drive safely - many companies offer good driver discounts.
  • Keep your information updated. When you move or change driving habits, update your policy immediately. Shorter commutes and safer communities add up to savings.
  • Work with your insurance agent to make sure you have the right coverage for your vehicle.

The immediate savings you feel won’t matter if your car is totaled in an accident and you can’t afford to cover the cost of repairs or to buy a new vehicle – never mind the potential medical costs. Purchase the right auto insurance for your situation and avoid the hassles and costs of “cheap insurance.”

When you’re ready to update your auto insurance or if you want to make sure you’ve got the best coverage at the best price, contact us here at Charlotte Insurance. We’ll help you get the coverage you need.

Comments

Got something to say? Join the discussion »
  1. xiuying23's avatar xiuying23
    http://www.katespadepurses.us.com/ kate spade handbags
    http://www.pumafentyrihannashoes.us.com/ puma clyde
    http://www.hermesbirkin-handbags.us.com/ hermes birkin bag
    http://www.nikeairmax-90.us.com/ nike cortez
    http://www.kyrie-4.us.com/ kyrie shoes
    http://www.fitflops-sale.us.com/ fit flops
    http://www.curry4-shoes.us.com/ stephen curry shoes
    http://www.birkenstocksandalssale.us.com/ birkenstock sandals
    http://www.louboutinredbottoms.us.com/ red bottom heels
    http://www.yeezyboost350shoes.us.com/ yeezy 350 v2
    http://www.pandora-jewelrysale.us.com/ pandora bracelet
    http://www.adidasyeezy-350.us.com/ adidas ultra boost
    http://www.salomonspeedcross3.us.com/ salomon xa pro 3d
    http://www.adidas-ultraboost.us.com/ ultra boost mens
    http://www.fitflopsshoes.us.com/ fitflop
    http://www.lebron15-shoes.us.com/ kevin durant shoes
    http://www.pandorajewelryscharms.us.com/ pandora jewelry official site
    http://www.pandorajewelryrings.us.com/ pandora jewelry
    http://www.jordans11shoes.us.com/ jordan 13
    http://www.adidasnmdrunnerr1.us.com/ adidas nmd
    http://www.longchampbag.us.com/ longchamp le pliage
    http://www.jordan11spacejams.us.com/ air jordan xi
    http://www.kd10-shoes.us.com/ nike kd
    http://www.nikeairvapormaxflyknit.us.com/ nike air max 95
    http://www.airmax90shoes.us.com/ nike vapor max
    Reply 4/29/2018 12:35 PM
  2. yanxia39's avatar yanxia39
    http://www.adidas-ultraboost.us.com/ adidas ultra boost mens
    http://www.fitflops-sale.us.com/ fit flops
    http://www.nikeairvapormaxflyknit.us.com/ nike air max women
    http://www.adidasnmdrunnerr1.us.com/ adidas yeezy
    http://www.yeezyboost350shoes.us.com/ adidas yeezy boost 350
    http://www.pandorajewelryrings.us.com/ pandora jewelry
    http://www.adidasyeezy-350.us.com/ adidas originals nmd
    http://www.salomonspeedcross3.us.com/ salomon speedcross 3
    http://www.louboutinredbottoms.us.com/ red bottom heels
    http://www.katespadepurses.us.com/ kate spade crossbody
    http://www.kyrie-4.us.com/ nike kyrie
    http://www.kd10-shoes.us.com/ kyrie irving shoes
    http://www.birkenstocksandalssale.us.com/ birkenstock clearance
    http://www.pumafentyrihannashoes.us.com/ puma clyde
    http://www.hermesbirkin-handbags.us.com/ hermes bag
    http://www.jordans11shoes.us.com/ jordan 13
    http://www.pandorajewelryscharms.us.com/ pandora
    http://www.curry4-shoes.us.com/ under armour curry 3
    http://www.lebron15-shoes.us.com/ lebron 9
    http://www.longchampbag.us.com/ longchamp le pliage
    http://www.jordan11spacejams.us.com/ jordan shoes
    http://www.fitflopsshoes.us.com/ fit flops
    http://www.pandora-jewelrysale.us.com/ pandora
    http://www.nikeairmax-90.us.com/ nike flyknit
    http://www.airmax90shoes.us.com/ air max
    Reply 5/13/2018 10:28 AM
  3. xiuying23's avatar xiuying23
    http://www.adidasoriginalsnmd.us.com/ adidas originals nmd
    http://www.birkenstock--sandals.us.com/ birkenstock outlet
    http://www.pandorauk.us.com/ pandora bracelet
    http://www.kyrie-irving-shoes.us.com/ kyrie irving shoes
    http://www.fitflop--sandals.us.com/ fitflop sandals
    http://www.under-armour-shoes.us.com/ under armour jackets
    http://www.louboutinredbottoms.us.com/ christian louboutin shoes
    http://www.kd10-shoes.us.com/ kd 10
    http://www.fitflop--shoes.us.com/ fitflops clearance
    http://www.monclerjacketmens.us.com/ moncler,moncler jacket
    http://www.balenciaga--shoes.us.com/ balenciaga bag
    http://www.michael-kors-bags.us.com/ michael kors handbags
    http://www.airmax-2018.us.com/ air max
    http://www.monclers.uk/ moncler jacket womens
    http://www.polo-ralph-lauren.org.uk/ ralph lauren, polo
    http://www.kevin-durant-shoes.us.com/ nike kd
    http://www.montblancs.us.com/ mont blanc sale
    http://www.adidasoriginalsultraboost.us.com/ adidas ultra boost uncaged
    http://www.balenciagas-sneakers.us.com/ balenciaga trainers
    http://www.nikeairmax-90.us.com/ nike air max
    http://www.adidas-yeezy-shoes.us.com/ Adidas Yeezy
    http://www.jordan--11.us.com/ jordan retro
    http://www.adidas-superstarshoes.us.com/ adidas superstar shoes
    http://www.adidasnmds.co.uk/ nmd
    http://www.skechersuk.co.uk/ skechers for men
    http://www.fitflopsshoes.us.com/ fitflop sale
    http://www.skecherss.us.com/ skechers shoes
    http://www.mcms.us.com/ mcm bags
    http://www.uggsformen.us.com/ ugg boots
    http://www.barbours.org.uk/ barbour wax jacket
    http://www.pandora--rings.us.com/ Pandora Rings
    http://www.mulberrys.org.uk/ mulberry sale
    http://www.nikeairmax270.org.uk/ air max 270
    http://www.air-max-90.us.com/ nike air max 90
    http://www.polo-ralphlauren-outlet.us.com/ polo ralph lauren
    http://www.mcm--bags.us.com/ mcm
    http://www.oakley--sunglassess.us.com/ oakley glasses
    http://www.redbottoms-louboutin.us.com/ red bottom shoes
    http://www.adidasyeezys.org.uk/ yeezy
    http://www.nikekdshoes.us.com/ kd 9
    http://www.coach--bags.us.com/ coach purses
    http://www.nikeair-max.co.uk/ nike air max
    http://www.nike--shoes.co.uk/ nike air max 90
    http://www.monclerjacketwomens.us.com/ moncler jacket womens
    http://www.salvatore-ferragamo.us.com/ salvatore ferragamo
    http://www.uggs-forwomen.us.com/ ugg slippers
    http://www.ultra--boost.us.com/ ultra boost
    http://www.jordan11spacejams.us.com/ jordan shoes
    http://www.nikeairmax-97.us.com/ air max 97 gold
    http://www.chrome--hearts.us.com/ chrome hearts bracelet
    http://www.adidas--shoes.co.uk/ adidas boost
    http://www.pandorasjewelry.co.uk/ pandora charms
    http://www.northfacejacketoutlets.us.com/ womens north face jacket
    http://www.ray--ban.us.com/ ray ban prescription sunglasses
    http://www.adidas-yeezyboost350.us.com/ adidas yeezy
    http://www.ralphlauren--polo.us.com/ ralph lauren dresses
    http://www.hermes--belt.us.com/ hermes belt men
    http://www.ed-hardys.us.com/ ed hardy
    http://www.ferragamoshoess.us.com/ ferragamo shoes
    http://www.stephen-curry-shoes.us.com/ stephen curry
    http://www.burberry-bags.us.com/ burberry scarf
    http://www.pandora--jewelrys.us.com/ pandora jewelry
    http://www.pandoras-jewelrys.us.com/ pandora rings
    http://www.adidasnmdrunnerr1.us.com/ didas ultra boost
    http://www.adidasyeezy-350.us.com/ yeezy
    http://www.uggs--boots.us.com/ ugg
    http://www.adidasnmd-womens.us.com/ adidas originals nmd
    http://www.curry4-shoes.us.com/ stephen curry shoes
    http://www.airjordan11spacejam.us.com/ jordan shoes
    http://www.kyrie-4.us.com/ kyrie irving shoes
    http://www.longchampbag.us.com/ longchamp le pliage
    http://www.skechers--shoes.us.com/ skechers
    http://www.air-max-95.us.com/ nike air max 95
    http://www.supremeshirt.us.com/ supreme shoes
    http://www.swarovskis.us.com/ swarovski bracelet
    http://www.new--balance.us.com/ new balance 574
    http://www.barbourjackets.co.uk/ barbour outlet
    http://www.pandora-jewelrysale.us.com/ pandora charms
    http://www.mbts.us.com/ mbt shoes
    http://www.jimmychooheels.us.com/ jimmy choo trainers
    http://www.pandorajewelryrings.us.com/ pandora charms
    http://www.swarovskisjewelry.us.com/ swarovski jewelry
    http://www.katespadebags.us.com/ kate spade outlet
    http://www.oakley--glasses.us.com/ oakley
    http://www.airmax270.co.uk/ nike vapormax
    http://www.chromehearts-jewelry.us.com/ chrome hearts bracelet
    http://www.asics--shoes.us.com/ asics womens shoes
    http://www.rayban--glasses.us.com/ ray ban glasses
    http://www.adidas-ultraboost.us.com/ adidas ultra boost
    http://www.coachbags-outlet.us.com/ coach handbags
    http://www.lebron15-shoes.us.com/ lebron shoes
    http://www.valentino--shoes.us.com/ valentino sneakers
    http://www.katespadepurses.us.com/ kate spade bags
    http://www.jordans11shoes.us.com/ jordan 11
    http://www.air-max-97.us.com/ air max 97
    http://www.burberrys.org.uk/ burberry handbags
    http://www.salomon--shoes.us.com/ Salomon
    http://www.pandoras-uk.co.uk/ pandora charms
    http://www.celines.us.com/ celine wallet
    http://www.nikeairmax97.co.uk/ nike shoes
    http://www.eccoshoesoutlets.us.com/ ecco boots
    http://www.nikelebron15.us.com/ lebron shoes
    http://www.huaraches.us.com/ nike air huarache
    http://www.yeezyboost350shoes.us.com/ yeezy shoes
    http://www.nikeairvapormaxflyknit.us.com/ nike air max
    http://www.cartier-bracelet.us.com/ cartier jewelry
    http://www.jordan11.co.uk/ jordan 11 space jam
    http://www.nike-airmax-2018.us.com/ air max
    http://www.james-hardenshoes.us.com/ harden vol 2
    http://www.nike--vapormax.us.com/ nike vapormax
    http://www.yeezyboost350--v2.us.com/ yeezy boost 350 v2
    http://www.salomon-boots.us.com/ salomon boots
    http://www.goyardbackpack.us.com/ goyard backpack
    http://www.yeezyboost350v2.co.uk/ yeezy shoes
    http://www.jordanretro11-shoes.us.com/ jordan
    http://www.michaelkors-handbagss.us.com/ michael kors purse
    http://www.mulberry-handbags.us.com/ mulberry bag
    http://www.bvlgaris.us.com/ bvlgari wallet
    http://www.rayban-glasses.us.com/ ray ban aviator sunglasses
    http://www.burberry--scarf.us.com/ burberry shirt
    http://www.pandora-jewelrybracelet.us.com/ pandora,pandora charms
    http://www.nikeair-max90.co.uk/ nike air max 95
    http://www.ray--bansunglassess.us.com/ ray ban
    http://www.redbottom--shoes.us.com/ christian louboutin
    http://www.true--religion.us.com/ true religion sale
    http://www.ralphlaurenspoloshirts.us.com/ ralph lauren polo shirts
    http://www.supreme--clothing.us.com/ supreme shirt
    http://www.pandoraearrings.us.com/ pandora bracelet
    http://www.asicss.us.com/ asics womens running shoes
    http://www.pandora-charmsjewelry.us.com/ pandora jewelry
    http://www.lacosteshirts.us.com/ lacoste sale
    http://www.monclerjacket.org.uk/ moncler jacket
    http://www.nike-airmax270.us.com/ nike air max 90
    http://www.ugg--slippers.us.com/ uggs for men
    http://www.salomonspeedcross3.us.com/ salomon xa pro 3d
    http://www.nike-huaraches.us.com/ nike huarache
    http://www.prada--handbags.us.com/ prada shoes
    http://www.airmax90shoes.us.com/ nike air max 95
    http://www.airmax95.co.uk/ air max 95
    http://www.salomonshoes.co.uk/ salomon shoes
    http://www.nikeairmax-95.us.com/ nike air max 95 mens
    http://www.pumarihannafenty.us.com/ fenty puma shoes
    http://www.prada--bags.us.com/ prada purse
    http://www.goyardbag.us.com/ goyard wallet
    http://www.vapormaxs.us.com/ nike air vapormax
    http://www.moncler-coat.us.com/ moncler sale
    http://www.northface-jacket.us.com/ north face jacket
    http://www.hermesbirkin-handbags.us.com/ Hermes Wallets
    http://www.longchampbackpack.us.com/ longchamp
    http://www.birkenstocksandalssale.us.com/ birkenstock
    http://www.truereligion--jeans.us.com/ true religion jeans men
    http://www.air-max-270.us.com/ nike air max 270 women
    http://www.fitflops-sale.us.com/ fitflop sandals
    http://www.chromeheartsjewelrys.us.com/ chrome hearts
    http://www.katespade--outlet.us.com/ kate spade bags
    http://www.christianlouboutinredbottoms.us.com/ louboutin
    http://www.pandorajewelryscharms.us.com/ pandora jewelry official site
    http://www.moncler--jacket.us.com/ moncler
    Reply 8/2/2018 6:53 PM

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail