Finding the right insurance takes time and patience. As complicated as the process can be, it’s important to purchase carefully. Professionals at Somers Agency, the leading insurance company in Northeast, OH, advise that avoiding common pitfalls will ensure you not only get the best deal but also connect with a provider you’re happy with.

3 Mistakes to Avoid When Buying Insurance

1. Buying According to Price

Many people buy auto, renters, and homeowners insurance based on which insurance company offers the cheapest deal. In many cases, this means you aren’t getting the coverage you need. Budget insurance premiums typically only offer catastrophic coverage and carry high deductibles. Should a major event occur, you could be left footing the bill. Buy insurance based on which of your needs it covers, not the price.

2. Not Understanding the Policy

Insurance can be complicated, and in many cases, people buy it without truly understanding their policy. When the time comes to use your insurance, you may find that you’re not covered. For health insurance, you may find a medication isn’t covered or that your existing physician isn’t in their network. Call the insurance company if anything is unclear before you make a purchase.

3. Setting Low Deductibles

In the same way that high deductibles cover less and come with cheap prices, ultra-low deductibles carry higher premiums. While it may seem logical to set low deductibles, at the end of the year, you may spend vastly more on the insurance than the savings you gained from the low deductibles. The best choice is to assess your needs and find a deductible that accommodates that and your budget.

If you’re looking for affordable insurance options, turn to Somers Agency. They offer a variety of insurance options at cost-effective prices and will work with you to find something that matches your budget. Call (440) 324-3447 today to speak with their staff and visit their website and Facebook to learn about their small business insurance options.