You may not think an error on your auto insurance application is a big deal, but the consequences can be very costly. Giving inaccurate information on your application can lead to increased premiums, policy cancellations, or insufficient coverage in the event of an accident. Here are some common errors to avoid when applying for auto insurance.
5 Common Auto Insurance Application Mistakes
- Not listing all drivers—Anyone who continuously drives your vehicle, even if it’s just for a short period of time each week, should be listed on your policy.
- Giving a false vehicle location—The difference between parking in one zip code versus another can greatly affect the amount of coverage you need for your vehicle. Failing to report your car’s true location can impact the accuracy of your insurance quotes.
- Not reporting your driving infractions—It’s best to be upfront about your driving record to avoid any conflicts or discrepancies. Your insurance company can easily retrieve any driving records to check the accuracy of your application.
- Not disclosing business uses—In some cases, you may need a specialized policy when driving for business purposes or for a rideshare company like Uber or Lyft. Failing to take the proper steps could lead to a lack of coverage following an accident.
- Failing to update life changes—Changing addresses or adding another driver to a vehicle are all life changes that need to be updated on your policy. By not reporting changes, you may be overpaying for coverage and missing out on available discounts.
Inaccuracies on your auto insurance application can end up costing you more money in the long run. If you think you may have made an error on your auto insurance application, contact your insurance agent to have it corrected. For additional guidance on auto insurance, connect with an Acentria Insurance team member by visiting our locations page to find an office near you, or give our team a call to discuss your best coverage options at 866.374.5084.
