Should You Drop Full Coverage After Your Car is Paid Off?

When it comes to insuring your car there are a ton of questions that most people tend to have. One that pops up more often than not is, “Do you still need full coverage once your car is paid off?" Though there is no simple way to answer this question, there are a few different things that you should consider when making the decision to drop full coverage. For those living in the Groveport, OH area, our agents at Keystone Insurance Agency, LLC can go into more depth but here are a few basics.

For starters, you should consider the area in which you live. It has been found that if you live in big cities, you are more likely to come in contact with a larger number of drivers which may mean you need more coverage. Also, living in a larger city increases your risk of break-in, theft, and vandalism so a full coverage policy may not be the worst idea even if you no longer have a car note.

Another thing to keep in mind is how often you drive. If you are on the highway every day and you are constantly driving, you are more likely to get into an accident and could, therefore, benefit from a full coverage policy. Similarly, if you do not drive often, you may be fine with nothing more than liability coverage.

Still another factor to consider is the value of the car. If you have a car that is still worth a great deal of money, a full coverage policy is going to best protect your investment. If you live in the Groveport, OH area and have further questions, the helpful agents with Keystone Insurance Agency, LLC can help fill you in and get your policy in order. Reach out to us today by phone or stop by our office to set up an appointment with one of our agents today!

What Happens if You Lie About Your Driving History on Your Auto Policy?

Drivers are required by law to report their accurate driving history to their insurance agency when they apply for a policy in order to create an accurate policy that reflects their driving history. Your driving history does affect your overall rates, premiums, and what companies are willing to insure you so lying on your policy might be tempting. So what happens if you lie on your policy about your driving history? For those that live in the Groveport, OH area, the agents with Keystone Insurance Agency LLC can help.

For starters, it is difficult to lie on an application for auto insurance and get away with it for a few different reasons. Insurance companies require that you give them both the vin number of the car that is being insured and the number on your state issued license. This does a few different things. It first off tells the insurance agency what the state of your driving privileges are. If you have a revoked license, a check will reflect that. A check will also pull up your state driving record. This will tell the agency just what accidents you have been in and what driving infractions you have committed.

Another stop that keeps you from lying is the vin number of your car. Again, a simple check will show your agency what accidents the car has been involved in and will help establish an accurate record. This means that even if you lie on your policy application, the agency is going to run a check and catch fraudulent applications likely resulting in the insurance company refusing to cover the driver. For those in the Groveport, OH area, the agents with Keystone Insurance Agency can help you to create an accurate record for your application.