09 May 2019
close up of auto insurance policy through a magnifying glass

The problem with over-insuring your vehicle.

While the problems with under-insuring your car are obvious, you can still run into issues when you secure too much car insurance.  Here’s why it’s important to secure the right amount of coverage to address your needs.

  • Is It Bad to Have Too Much insurance?

The main problem with carrying excessive auto insurance is that it will be extremely expensive.  While you can rest easy knowing that your policy will cover virtually anything that comes your way, chances are you don’t actually need all the coverage that you are paying for.  Rather than increasing all your policy limits and securing every additional coverage option available, it’s far smarter and more cost-effective to assess your risks and secure enough coverage to address these risks fully.

  • How to Secure the Right Amount of Auto Insurance

Ultimately, the best strategy for dealing with your auto insurance is securing enough coverage to meet your needs, while making sure that you don’t go overboard.  Because every driver has different needs, there is no specific answer for how much coverage you need.  This is why it’s best to work with an experienced auto insurer to determine the extent of your risks.  A good insurance agent will weigh your lifestyle, the type of vehicle you own, and your various risks to help you figure out how much coverage you need.

This is why it’s bad to have too much auto insurance.  Looking to secure the right insurance to meet all your needs?  If so, then contact the team at Patterson & Associates in Richardson, Texas.  Our dedicated agents are eager to assist you with all your car coverage needs today.