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Compare Car Insurance Quotes Cheap Auto Insurance Coverage Rates, Prices And ... OfficialWire (press release)

17.06.10

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It is survival for the fittest. Increases in gas prices have not made it any easier for motorists who now have to cough up more to refuel. This seems to justify our quest for cheap auto insurance. However, just because an insurance company is considerate to your pocket does not necessarily mean you should go for them.

A scenario such as the one below is not hard to come across.

Someone buys a policy where he pays only $100 or even less a month because he does not want to spend more on car insurance. It then dawns on him that the company has only been in operation for around 5 years and as such, it is lacking in financial rating. In addition, its customer service is poor at best. Although the red lights are there, this customer decides to stick with the company for a little longer, hoping that over time it’ll get a firm footing. However, the worst happens and the $100 a month insurance company folds up due to bankruptcy, leaving him at a loss.

Source:

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