Are you looking to cut costs on your car insurance? Here’s some advice: Proceed with caution. Cheap auto insurance could actually end up costing you more down the road.
“Nobody should shop for auto insurance by price alone,” says Jeanne Salvatore, senior vice president of public affairs for the Insurance Information Institute (III), an organization dedicated to improving public understanding of the insurance industry.
“You want to get a great price that comes with great service,” Salvatore says. “It’s a balancing act.”
To help you make an informed decision, we’ve outlined five potential pitfalls of cheap auto insurance. Keep reading to learn why the lowest insurance rates can end up costing you big-time in the long run…
Read more on Yahoo! Auto Insurance