Remember Me
forgot your password?

3 Ways Your Auto Insurance Company Is Scamming You

Are you scouting for auto insurance? Be careful and make your decisions prudently, as chances are your Auto Insurance Company is scamming you. Most of us believe that it is only people who scam auto insurance companies, but there have been cases where citizens have been defrauded by these insurance agencies. Protecting yourself from auto insurance scam would save you from higher premiums in the long run. For your sake, we have listed 3 ways your auto insurance company could scam you:

Playing on your ignorance - Most people don't clearly understand their insurance needs and are also unaware of different products floating around in the market. This ignorance exposes them to scamming by dubious insurance companies and agents. Most insurance companies play on your instinct and coax you to choose a plan with the lowest deductible possible, thus, extracting a much higher premium amount. Also, since the paper work is so cumbersome, many people don't bother to go through the fine print. This is where insurance companies play it smart. You could end up paying more for a coverage you never sought.

Low Balling - There is a burgeoning segment of insurance agencies, with in-your-face TV and radio advertisements, claiming to offer you the cheapest possible insurance deal. These agencies scam you in the most obvious way; they resort to "Low Balling". Once you have signed in for their insurance scheme, a letter would follow stating that you were under charged due to a "Company Rate Error". In such a case, you would most often than not, pay-up, as not paying would mean that you lose whatever premium you have already paid.

Coaxing you to pay ‘Cash' - The greatest tip we can offer is "Do Investigate". The biggest scamming cases involve fraudulent insurance agencies and agents. Usually, the modus operandi followed by these entities is to hard-sell their schemes to unassuming citizens and coax them to pay the premium in cash. Once they receive the cash, you are left high and dry, without an insurance cover. The loop-hole is that if you procure insurance from an unlicensed agent, then you are not protected.

John Castanella

John Castanella recommends that you visit http://www.instaquoter.com/auto/ for an online auto insurance quote.

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish


Article Source: http://www.articlesbase.com/insurance-articles/3-ways-your-auto-insurance-company-is-scamming-you-27391.html
Add new Comment



Captcha

  • Latest Insurance Articles
  • More from John Castanella

You Can Now Save Money Car Insurance - Find Cheap Low Cost Auto Insurance

By: Bryan Burbank | 06/07/2009
If you drive a car then it is most important that you have auto insurance so that you are covered in case you are in an accident. There are a lot of people that feel like they are great drivers and spending money on car insurance is a waste but if you are in an accident and it is your fault then it can cost you everything you own. If the other driver goes to the hospital and you do not have insurance to cover getting there car fixed along with the medical cost then they can sue you for these exp

Affordable Auto Insurance Rates Compare Online

By: NDIMELE IKECUKWU PHELIM | 05/07/2009
With more records for bad driving, your rates soar. This forms the insurance company's best assessment of the driver. The Car you are purchasing the policy for is very important. Sport cars attract higher rates than the regular ones; this is because they are seen as accident-targets since they are cars used when there is great need for speed.Their risks are high and so are their rates from the insurance companies.

Cheap Auto Insurance Cover - Helpful Tips When Applying Online

By: NDIMELE IKECUKWU PHELIM | 05/07/2009
It is against the law to drive around with an uninsured vehicle. It is also a known fact that you have to pay premium annually for this insurance covers, therefore it is in your own interest to avail a thorough search on the internet for your ideal provider and cheapest quotes that fits your pocket.

Don't drop dead without life insurance

By: Raj Krishnaswamy | 05/07/2009
Life insurance can be a life saver for your loved ones after your death. Do not take it lightly.

Cheap Car Insurance Package - Get Your Perfect Auto Insurance Deal

By: NDIMELE IKECUKWU PHELIM | 04/07/2009
Do not drive without a car insurance deal on your car. Most of the insurance companies out there providing car coverage deals collect their money at the end of each policy year. Learn how to use every resource available to you when searching for your preferred car insurance deal.

Cheap Car Insurance Cover - Knowing About Free Quotes & How To Apply Correctly

By: NDIMELE IKECUKWU PHELIM | 04/07/2009
No doubt everyone driving a car needs a low rate auto insurance policy. Do not go driving if your vehicle insurance is not active... Make sure it is active. Failing to do this will bring problems. Now, what is really important here is how to make sure that the cover you have is ideal and affordable for you.

Cheapest Home Insurance Deal - Some Very Important Saving Tips For Getting The Best Deal

By: NDIMELE IKECUKWU PHELIM | 04/07/2009
Are you looking for a low cost home insurance policy? Your most reliable means will be browsing the internet. There are many home insurance providers offering various quotes; this gives you the opportunity to compare rates from different providers and come up with the one that is comfortable with your income.

5 Quickest ways to lower your Life Insurance Premium

By: John Castanella | 13/05/2006 | Insurance
Worried about the spiraling life insurance premium? We have enlisted 5 quickest ways to lower your life insurance premium. Well, keep these points in mind but do tread with caution and act prudently.

5 Quickest ways to lower Your Health Insurance Premium

By: John Castanella | 13/05/2006 | Insurance
It is an old saying — "Health is Wealth." The most important step to maintain this wealth is to get a health insurance policy for you as well as your family. But, sometimes the premiums of such policies can leave you in and out of the budget situation.

Finding the Cheapest Life Insurance Quote

By: John Castanella | 13/05/2006 | Insurance
To start with review and understand your life insurance requirements. Figure out if you really need life insurance at this point in time or not. If you don't have any dependents, then don't go in for life insurance policy.

Finding the Cheapest Auto Insurance Quote

By: John Castanella | 13/05/2006 | Insurance
Research studies indicate that a car is broken into or stolen every 19 seconds in the United States. In such a scenario, you need to ensure that you have found the cheapest auto insurance quote. However, the trick is to amalgamate the duality of robust coverage and affordability.

3 Ways Your Life Insurance Company Is Scamming You

By: John Castanella | 13/05/2006 | Insurance
Although it makes sense to get in touch with a life insurance company to cover your dependents in the eventuality of your untimely death, there are integrity issues surrounding the insurance companies and agents.

3 Ways Your Health Insurance Company Is Scamming You

By: John Castanella | 13/05/2006 | Insurance
The growing number of consumers taking up health insurance plans has led to the mushrooming of scam health insurance providers. These providers often target new retirees and the elderly individuals and small-business owners, who can't negotiate better rates with legitimate insurers.

3 Ways Your Auto Insurance Company Is Scamming You

By: John Castanella | 11/05/2006 | Insurance
Are you scouting for auto insurance? Be careful and make your decisions prudently, as chances are your Auto Insurance Company is scamming you. Most of us believe that it is only people who scam auto insurance companies, but there have been cases where citizens have been defrauded by these insurance agencies.

Submit Your Articles Free: Signup


Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (3.12, 5)