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Many people have auto insurance just because the law requires it. They buy just enough insurance to meet the bare legal requirements. They think that by doing this, they ware saving money over buying better, more comprehensive auto coverage. However, this is not always the case. In fact, a bad auto policy can cost you more money in the long run. Here is how.

Minimum Coverage Does Not Cover Much

The car insurance Owensboro, KY requires is similar to that which most places demand and many car owners get just enough coverage to satisfy this requirement. If you just have enough car insurance to cover up to the legal minimum level, you will expose yourself to not being covered in the event costs rise above what you are covered for. You also will likely not be covered at all for common issues resulting from things like fire, flood, vandalism, or theft. This can put you on the hook to pay huge amounts out of pocket. Amounts that well exceed the increased premium of good car insurance.

High Deductibles Can Cost You More Than a Higher Premium

Paying a little more out of pocket up from to reduce your deductible can save you a lot of money in the long run. If you carry a deductible of $1,000 or more, meaning your insurance does not kick in until you have paid that money out-of-pocket, getting in an accident will be costly for you.

Bad Insurance May Not Cover Repairs

A cheap insurance policy may have clauses in it where they factor in depreciation, even for repairs. So, say, for example, that your car gets damaged by weather. A bad insurance policy will not cover the full amount, it will only pay a percentage based on what the company sees as the current value of the car.

Only You Can Drive Your Car

With cheap car insurance, the policy will cover events that occur only when the person specifically listed on the policy is driving. If you ever let a friend or family member drive your car and something happens, you can be on the hook for much more or even the full amount of damages that happen to people or property.

Bad Customer Service

An insurance agent Owensboro, KY independent companies like the Worth Insurance Group provide are worth their weight in gold. These agents will be able to help you through all the steps processing your claim quickly and efficiently. This is not true of many, cheaper car insurance companies who will give you poor and slow customer service along with your cut-rate policy. This will not only cost you time but could cost you money if things are not done on time or are done incorrectly.


There is an understandable temptation to go for a bad auto policy to save yourself some money on the premium Hopefully, this has shown you why, in the long run, this will most likely cost you more money than it will save. Luckily, by working with a great Owensboro Insurance Agency like Worth Insurance Group, you will be able to get the coverage you need at the best price.