Everyone wants the best insurance premium rates possible, but don’t jeopardize your coverage just to save a little money. That strategy can end up costing you much more than what you “think” you saved. This does not mean you can’t save money on insurance by shopping around; you just have to shop smart.

If limits are low and deductibles are high, for example, you are sacrificing valuable coverage for a lower premium, but at what end cost to you?

Some agents will even purposely omit coverage to get your business, and after the policy is in place, admit a mistake and ask for more premium money. Be careful, and shop wisely.