1. Not Knowing How Much Coverage You Need
If you are changing auto insurance providers, want to add a new vehicle, or are moving out of state and need to purchase insurance, take a good look at the coverage options and your state’s minimum requirements. Buying excess coverage is a common mistake — especially if you are a new customer and have been pressured into signing for a policy by an insurance agent. Also consider other types of insurance that might be cheaper. For example, Metromile offers pay-per-mile insurance for those who don’t drive often.