There are a lot of ‘truths’ out there about insurance – and many of them aren’t true at all. They’re important to be aware of when you’re getting insurance quotes, and also when you’re looking for low car insurance rates. A lot of people still believe them, and it can affect what kind of car they buy, what color they choose, and whether they get the kind of coverage that they really want and need. Here, you’ll find the top 10 insurance myths that are still circulating today.
1. Red cars get ticketed over more often. In reality, the color of the car doesn’t affect whether you’re pulled over. Sports cars tend to be brightly colored and their drivers tend to speed and be ticketed, which has led to the continuation of this particular myth.
2. Red cars cost more to insure and/or are harder to insure. The insurance company doesn’t care what color your car is, and they won’t even ask you about color when you insure it. The make, model, and other factors are what they use in order to determine what your car insurance quotes should be.
3. Your car insurance covers you, no matter whose vehicle you’re driving. Be careful of this one. Some low car insurance policies do offer this, and others don’t. If you’re going to be driving a vehicle that doesn’t belong to you, take a moment to find out whether your insurance will protect you in the event of an accident. It’s very important to know this before you drive, not after you’ve already had a problem.
4. Speeding tickets always make low cost car insurance rates go higher. Getting a speeding ticket can mean higher rates, but that’s not always the case. If your record is otherwise good, you may not see an increase in premiums.
5. There’s no regulation on the rates you receive when you get car insurance quotes. Car insurance quotes are regulated, and insurance companies can’t just charge whatever they feel like. Still, look around for low cost car insurance, because you want to get the best rates.
6. An accident will always raise your car insurance rates. Like speeding tickets, accidents can raise your rates – but they won’t always do so. A good driving record and a long history of low car insurance rates may protect you from seeing your premium go up if you’re at fault in a collision. Many companies have included ‘Accident Forgiveness’ as a feature of certain policies.
7. Comprehensive coverage protects you from everything that could happen to your car. Read the fine print on your car insurance, and you’ll often find that there are specific things that aren’t covered. It’s better to know what they are beforehand.
8. Where you live doesn’t matter when looking for low cost car insurance. High crime and natural disaster areas will bring higher car insurance quotes. Consider that carefully if you’re moving and looking for low car insurance rates.
9. When you buy a new car, you’re automatically covered by your insurance company. You usually have a set number of days to notify your insurance company. If you don’t do that, your low cost car insurance won’t be any good when it comes to covering your new car.
10. Thieves are much more likely to steal a new car than an older one. Thieves will generally steal cars they can part out and sell. These are often popular, older models that are common, not new cars.
It’s easy to assume that you know all you need to know about car insurance, but in order to get low cost car insurance every time you change companies, vehicles, or circumstances, it’s better to make sure you’re really aware of any issues that might affect what you pay. Understanding what’s fact and what’s fiction can really help you save.
Resource Link: http://www.low-insurance.org/top/top-top-insurance-myths/
Some true discounts you CAN count on:
The multi-line auto insurance discount.
The Paid-in-full Discount
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