5 common mistakes when hiring car insurance

Hiring car insurance may seem simple, but many drivers make mistakes that can be costly. Avoid these 5 common mistakes and make sure you have adequate protection for your vehicle.

Important Fact

In Colombia, driving without SOAT can generate fines from $936,320 pesos and vehicle immobilization. Comprehensive insurance gives you additional protection beyond mandatory SOAT.

Mistake #1: Choosing only by the lowest price

It's tempting to opt for the cheapest premium, but this can be costly in the long run. Cheap insurance often means:

Limited or insufficient coverage
Very high deductibles
Poor customer service
Restricted workshop network
Complicated claims processes

The Solution:

Compare the total value you receive: coverage, limits, deductibles, workshop network and customer service. Sometimes paying a little more saves you thousands in the future.

Mistake #2: Not understanding coverage

Many drivers don't read their policy conditions and discover too late that certain damages are not covered. Basic coverage includes:

Basic Coverage

Total loss by theft
Collision damage
Civil liability

Additional Coverage

Natural events
Roadside assistance
Replacement vehicle

Conclusion

Choosing car insurance goes beyond price. It's a decision that can significantly impact your assets and peace of mind. Avoiding these common mistakes will help you make an informed decision that truly protects you.

Need help choosing the ideal insurance for your vehicle? At G&A Broker we advise you at no cost and help you find the best option.