If you are trying to cut back on your monthly bills and create more financial freedom, looking for the most inexpensive car insurance is probably one of your objectives. I completely understand why... Insurance can be down-right over-priced! If you are lucky, you will never have to make a claim, so why should you pay an arm and leg for something that you will probably never use?

I like to call auto insurance my "Just in case" fund.  I'm not perfect so I like to be prepared. Sure, I hate paying a high premium for something I rarely ever use just like you, but accidents happen! Do you think people plan on getting in their car and wrecking into you? I'm sure they don't start their day off with a cup of coffee and a hit list of cars that they are looking forward to running into later! Nobody plans on getting in an accident, but they do happen! If you get into a major accident, do you want the cheapest, most inexpensive car insurance backing you up?

Do you remember that old saying "You get what you pay for?" That motto applies to just about everything, including car insurance.

Let me give you an example...

A friend of mine paid cash for a car. He was more excited about being able to cover his car with just the basic coverage plan than he was excited about having a paid off car! Not only did he have the very basic coverage plan, but he also had a very high deductible (I'm sure you can see where this is going). About two weeks after buying his car with cash (enough time to install a nice stereo system and aftermarket rims), he was in an accident. The streets were slippery and he had a head on collision with a concrete barrier. Luckily, he had to no injuries at all because the car absorbed most of the damage. He didn't have $1000 to pay the deductible to get his car fixed! As a matter of fact, he couldn't even get ahold of his cheap car insurance company for about three days!


Do you see what could happen if you were to go after the most inexpensive car insurance? You could end up in that one creek (The stinky one) without a paddle!

One of the main reasons I don't mind paying as much as I pay for my insurance is the customer service that my provider provides. The company pays their employees well, so they don't mind going the extra mile to help you. If you choose a cheap insurance company, how do you expect them to pay their customer service representatives? Try getting a problem fixed by someone who has been working for a whole shift making minimum wage. Good luck with that!

Companies who promise to deliver the most inexpensive car insurance have to cut corners somewhere. If you do detailed research as to why the cost is so low, you will surely find many reasons why you should stay away from those companies. You may not use your insurance often, but when the time comes that you do need it, don't you want a company who will take care of you?

Have you been given the fork without a spoon by an insurance company? Share your experience with us! Leave a comment below and help us avoid being put in the same situation you were in.