Debunking Common Auto Insurance Myths Most people would agree that if you own a car, buying auto insurance is completely necessary. People who don’t buy auto insurance are considered to be foolish and unwise. The reason why auto insurance is so important is so that if you get into an accident, you will have financial coverage on all of the damages sustained to your vehicle. Without auto insurance, you could be up the creek without a paddle should you get into an accident. Now that we have established that it is important to buy auto insurance, we should discuss some common myths about auto insurance that are believed by a surprising number of people. Some of them are ridiculous, so it is difficult to believe that people actually think they are true.
Red Cars One commonly held auto insurance myth is that red cars cost more to insure. People think that auto insurance companies that people who drive red cars will be more reckless, and therefore more likely to get into an accident. This, however, is not true. Omaha auto insurance companies do not even ask what the color of your car is when they give you a quote. The factors that do matter when they give you a quote are make, model, year, body type, engine, and year of your car. It also matter what drivers are registered under your policy.
Speeding Tickets = Higher Rates Another commonly held myth is that if you get one speeding ticket, your insurance rates will go up significantly. In most cases, it takes 2 speeding tickets for your rates to go up. There are also several other factors as to whether your rates will go up or not when you get a ticket. Auto insurance in Suwanne, GA companies consider your driving history, how fast you were going when you were ticketed, and the length of the time you’ve been insured with their company.
Cheaper Cars have less to Insure Another commonly held myth about auto insurance is that cheaper cars cost less to insure. This may be true in some cases, but if your cheaper car has a large engine, or weighs a lot, you
could be paying just as much for your car than as you would for a car that is not as cheap. However, you will most likely pay less for comprehensive coverage if you have a cheaper car. Sometimes people think that if they smoke, their car insurance rates will go up. This is not true. Auto insurance companies do not ask if you are a smoker before giving you a quote on your auto insurance. It is also important for consumers to realize that comprehensive coverage does not cover damage in every situation. But comprehensive coverage only covers damage that is a result of anything over than a collision. Some of the most common damages are caused by theft, hail or snow, fire, vandalism, and collisions with animals. When you are considering what kind of auto insurance to buy, make sure that you know the facts before you decide to purchase a policy. Many people believe false things about auto insurance and it is important that you have your facts straight. Photo Credit: cnx.org, Farm5