Not knowing how the automobile insurance system works can cost you money.
Here are a few Tips to watch out for!

• 1) Have all drivers listed!
  Check your policy carefully on each renewal to make sure that all licensed operators of your vehicle are listed and shown on the policy.
  For example - The vehicle and insurance is shown in the husbands name yet no where on the policy is the wife’s name even mentioned though she has driven for 20 years accident free. What if another car was bought for her and she has no previous insurance experience to confirm? Under age drivers(25 yrs old) might be another
  area of concern. People might believe they are saving money by not showing them as operators? But what happens when they do get their own vehicle and can’t provide accident free insurance experience. And they will get their own auto- it’s just a matter of time.
• 2) NSF Payment Cancellations.
  Be responsible on payments for your auto insurance. Cancellations for non payment, non sufficient fund cancellations can be very negative and costly to you. It may even limit what insurance company you can place your insurance with! Be responsible and if a cancellation problem arises deal immediately with your broker to resolve it. Don’t ignore it!
• 3) Depreciation - what may happen on a claim.
  Being prepared and knowledgeable can make a big difference with the results of a auto claim.
  For example- If your car tires are stolen and you report a loss under your comprehensive coverage would your tires be replaced at full value. Not likely!
  Such factors as age, condition, usage, wear and tear come into play. It only makes sense! Your tires might have 20,000 miles on them and yet you would be getting new tires. But how do you protect yourself so the claim is fair for you and the insurance company. A tip- keep the original bill of sale and have written on it the actual mileage of the vehicle at the time of installation by the tire installer!
• 4) What can I do to keep the cost of insurance down.
  Contact your broker and discuss how your use of the vehicle(s) at present is rated and how your insurance company classes are determined. A potential problem could arise at the time of loss if your use is not properly classified. Also, you could be paying extra money by being wrongly rated.