Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Insurance » Article
 

3 Ways Your Auto Insurance Company Is Scamming You




By John Castanella

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

Article Source: http://www.simplysearch4it.com/article/27105.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/27105.html" as shown above and make it hyperlinked.



  Some other articles by John Castanella
5 Quickest ways to lower your Life Insurance Premium
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 ...

5 Quickest ways to lower Your Health Insurance Premium
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 ...

Finding the Cheapest Life Insurance Quote
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 ...

Finding the Cheapest Auto Insurance Quote
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 ...

3 Ways Your Life Insurance Company Is Scamming You
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. Broadly there ...

5 Quickest ways to lower your Auto Insurance Premium
Are you looking for ways to lower your Auto Insurance Premium? Auto insurance rates can spiral depending upon factors that include your age, past driving record, and other factors such as credit history. However, the ...

  
  Recent Articles
Get the Best Insurance Policy For Your Home
by Barbara Thorp

Travel Insurance Online: Both Money And Time Saving
by Henry Bell

Travel Insurance UK: Travel Without Worries
by Henry Bell

Who Else Wants Health & Life Insurance Leads that Turn to Clients 80% of the Time
by Ken Wilson

Build a Network of Client You Can Be Proud of from Closing Auto Insurance Leads
by Ken Wilson

Get Rates that Insurance Agents Get on Life Insurance
by David Yuri

Secrets of Low Cost Health Insurance
by Clint Jhonson

Little Known Ways to Save on Life Insurance
by David Yuri

Now You Can Have Home Insurance Leads that Convert to Policies
by Ken Wilson

The Secret of Auto & Home Insurance
by Clint Jhonson

Must Know Insurance Saving Tips and FAQ
by Clint Jhonson

At Last an Insurance Magazine for Both Insurance Consumers & Insurance Agents
by Clint Jhonson

Can't connect to database