When it Comes to Insurance, Cheap Doesn’t Always Mean Better

November 30 07:40 2021
“It doesn’t matter how inexpensive an insurance policy is if it doesn’t provide the right level of coverage,” said Nicole Smith, CEO of ShopFreeQuote.com, “rather, if your insurance policy is insufficient for your needs, it’s almost a waste of money because you can end up with a huge bill if you need to make a claim.”

Austin, TX – It’s been a common pitch for years: switch to a certain insurance company, and you could save lots of money on your policy! While this is most common with auto insurance, unsurprising since this is required for all car owners, balancing price and the right coverage is an issue for every insurance shopper in Austin, Texas. With that in mind, what makes the “best insurance”?

The trick is to put appropriate coverage before the price. You don’t want to pay for what you don’t need and you don’t want to get spotty coverage just because of low cost. “It doesn’t matter how inexpensive an insurance policy is if it doesn’t provide the right level of coverage,” said Nicole Smith, CEO of ShopFreeQuote.com, “rather, if your insurance policy is insufficient for your needs, it’s almost a waste of money because you can end up with a huge bill if you need to make a claim.”

Unfortunately, those who drive for food delivery or ridesharing often find this out the hard way. While personal auto insurance will keep you legal while driving for yourself, there are extra coverage requirements for Uber or Lyft drivers. Since many who are driving for these apps don’t know the requirements, they can get into financial difficulties from being denied claims or having to face state sanctions. Rideshare policies cost more money (up to 30%), so this is a situation where trying to save money can cause a major headache.

Another insurance disaster that can come from not getting the right policy is in homeowner’s or renter’s insurance. During the major ice storm back in February of 2021, many Texans found that their insurance was insufficient to cover all their losses. Their policies covered the burst pipes but not for the items damaged or destroyed from them. Different areas face different situations, for example, homes on the coast may need different coverage than those in the panhandle. Getting the right policy at the right price guarantees affordable coverage you can count on no matter what happens.

Finally, let’s look at life insurance. Many consumers who are young and don’t have a lot of assets don’t think about this type of family protection. Unfortunately, even the young and healthy can die in accidents or sudden illnesses. Some people buy insufficient life insurance, thinking only about the cost, however, this often leads to hardship for anyone who depends on that person’s income now or in the future. For this reason, it’s important to determine how much money your family needs to cover your final expenses and regain financial independence. With that, you should find the most affordable option that fits your actual needs.

Why is all of this important? Simply put, it’s easy for consumers to make a mistake in their pursuit of the best insurance policy. Many people either pay too much for an adequate policy, or they pay bargain rates for something that doesn’t cover them well enough. Both of these problems are potentially costly and should be avoided. By getting competitive insurance quotes through ShopFreeQuote.com, you can save money on the right coverage. Best of all, we have real humans available if you need assistance in choosing the perfect policy.

For more information, visit www.shopfreequote.com.

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