LOS ANGELES - TelAve -- If you're not checking your entire auto policy for agent mistakes and changes to your car and your lifestyle, you may be overpaying, underinsured or simply over-drafting your checking account. Renewal is also a great time to reconsider certain types of coverage, or else you may end up with a financial dilemma. Comparing insurance quotes with a list of insurers to get the best rate is also advised. Here are 20 dangers of not reviewing your car insurance policy at renewal.

1. You'll have to pay for the coverage, even if you don't remember adding.
2. You may go over budget unintentionally for not spotting a mistake.
3. If you have auto pay, you may overdraw on your checking account if you didn't realize you had unwanted coverages added on.
4. If you have auto-renewal, you may experience an increase in rate without knowing it.

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5. If you don't have certain coverage that you wanted, let's say collision, and you have an accident that was determined to be your fault, you will be in for an unpleasant surprise of having to pay for your own repairs.
I6. f you have the wrong coverage limits, let's say bare minimum state requirements, instead of the higher limit you wanted, you may have to pay for damages and injuries out of pocket with a remaining balance.
7. If you didn't add uninsured motorist coverage and you have an accident with an at-fault person whose minimum requirements don't cover your now totaled car, you may have to spend some of your own money replacing that car.
8. If you forgot to tack on comprehensive coverage or the agent left it out, you won't get a cent if your car is stolen or vandalized. You'll still have to pay your car note and you're on your own to replace the car or have it repaired.

For the next 12 dangers of not reviewing your insurance policy when you renew, visit https://smartfinancial.com/car-insurance-review