With So Many Pitfalls, Why Car Insurance?
As a licensed motorist in my state I am required to obtain and pay for car insurance on a regular basis. I suppose the payment for such services is the first of the pitfalls of car insurance. As you may have already experienced, car insurance can be quite expensive. Believe me, with the accidents my children have had, I know.
Providing your personal information to the insurance company is another. When you start getting multiple offers through the mail and on the phone, you realize your information has been sold; it’s an irritating downside of any company that practices this.
Another of the pitfalls of car insurance would be for those drivers who are never ever in any type of accident. You see, you pay, whether you use it or not. I know people who had been driving for 20, 30 or even 40 years sometimes and never had to turn in an insurance claim.
The profits reported by insurance companies are sometimes overwhelming. Yes, they do have to pay for the drivers who are more accident-prone, but is this cost really the responsibility of the safe drivers? It seems to be another problem the premiums of those of us who are safe drivers are paying for the accidents of the careless and unsafe drivers.
Yet another issue with the industry is the label of \”guilty\” or \”not guilty\”. It’s sometimes impossible for the police or the insurance adjusters to determine what happened ??\” only those involved truly know. If you’re mislabeled as \”guilty\”, it could cost you for many years to come.
Maybe you’ve avoided accidents and premium increases but did you consider hiding from your agent? Maybe you’re lucky, but some agents can be an issue. We’ve all heard the jokes about insurance agents. They’re very eager to sell more insurance, get more customers, increase your coverage, etc. Professionals exist, but if you get one who isn’t, good luck.
If you’re unfortunate enough to be in an accident (or perhaps you’re just pulled over for speeding or rolling through a stop sign), you’re always asked for the insurance card. If you’re like most of us, you’re digging through the piles of paper and junk that’s stuffed in your glove compartment just to find it. If you happen to have an impatient officer, the delay may result in a ticket rather than a warning. What’s meant to be a good thing (the insurance card) can often become yet another problem of insurance.
The biggest downside of all has to be the uninsured driver. Even if he sticks around after an accident, it probably won’t be of much benefit. If he couldn’t afford the insurance he probably can’t afford to pay your deductible not to mention the costs of the accident if the car was damaged. It’s an unfair result of illegal, uninsured motorists.