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When it comes to finding and purchasing the right auto insurance policy, it's important to know what type of coverage you need. Avoiding simple mistakes will end up saving you money in the long run. The insurance agent at Daniel Oliver, Farmers Insurance in Edina, MN, explains what to avoid. 

Costly Auto Insurance Mistakes

1. Not Shopping Around

While it might seem more time-consuming to look around for the best coverage, doing so will ensure you're finding the right insurance agent and best policy options. Look for a trusted brand and a compassionate agent who you feel comfortable with. Farmers Insurance, for example, hosts a variety of coverage options and policies.

2. Purchasing the Lowest Rate

auto insuranceEach state requires a minimum coverage amount, but the lowest price isn't always the most beneficial, especially if an accident does happen. Different cars, such as luxury brands, will need more coverage; you could end up paying a lot out of pocket if the car is damaged. Your insurance agent will best help you find the right coverage for your vehicle. 

3. Avoiding Extras

Talk to your agent to discuss all add-ons or extras in addition to your main policy. If you rent a car often, it could save money adding on a rental insurance policy, for example. Without it, you would be responsible for fixing the rental car's damage. Think about your lifestyle and what best suits your needs. 

4. Not Asking for Discounts 

Many insurance agencies offer some type of discount, but you need to ask first to find out. Those who don't lose out on hundreds per year. If you bundle auto insurance with your life insurance or home insurance, it will help you save. Other discounts may apply if you're a certain age or a member of an organization, such as AAA®.

If you're in the market for auto insurance, visit Daniel Oliver at Farmers Insurance in Edina, MN. Whether you need life, business, or homeowners insurance, you’ll find it all in one place. As a lifelong resident of the community, he prioritizes building a relationship with every client to get coverage at the best rates. To learn more about insurance options, call him at (952) 925-4454 today or visit him online.  

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