by Susan Tanner
There are many pitfalls of car insurance: Having too little, having too much, hoping you can get by without it, and thinking you’re insured when you’re not. These are the most common pitfalls and will be explained in detail below.
Insufficient coverage. \”State minimum required coverage equals to sufficient coverage\” is a common thoughts in drivers’ mind. They never think how the minimum required coverage is decided, simply the amount the state wants you to have. The state has not considered drivers’ personal situation before setting it. If you own a home, or other substantial assets, the minimum car insurance cannot protect your home. Therefore, it is best to talk to your accountant or your income tax preparer before deciding the limits of your car insurance.
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Be A Smart Driver With Proper Car Insurance
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