Like any other industry, there are many myths surrounding auto insurance. All of them are about increased premiums because of a generalization about the car, but few of them are true. This list of 5 of the most common auto insurance myths is geared to perpetuate the truth, so you don't limit your insurance possibilities on misleading assumptions. First, many believe that red cars cost more to insure.
Despite popular belief, insurance companies are not worried about the color of your car. There's some worry that a red car attracts the cops' attention. Whether or not that's true, the color of your car isn't going to change your risk factor, so don't worry about the color when you go to buy a car. Second, older cars are cheaper to insure.
A few examples of these excess or superfluous coverage options that are often included in policies include towing and rental car insurance. These coverage options can be done without by the policy holder if they are willing to absorb the potential costs incurred by these items.
By doing the math, one can see how choosing to forgo these coverage options can save them money in the long run. The average cost of a tow is around one hundred dollars, maybe a little over, but the average cost of tow coverage on an auto insurance plan runs around fifteen to thirty dollars a year.
Third, your insurance is null and void when a friend takes your car. The worry behind this is if you haven't insured a friend on your policy, that friend takes the car and totals it, your insurance won't cover you. When you give any non-excluded driver permission to drive, it becomes the primary insurance for that driver. The insurance follows the car in this way, not the person driving.
Shopping around to different agencies will give you the buyer different and competing estimates for your home insurance needs. While doing this leg work, one should remember to read fully each policy in order to be able to compare the differences in policies.
Fourth, older drivers pay more for coverage. Many think that since elderly are having trouble with their vision, memory and reflexes that they're going to have to pay higher insurance premiums. Although these factors are considered, senior discounts are available to about the age of 70. The idea is that their wealth of experience actually makes them safer drivers. After about age 70, that assumption begins to deteriorate and rates go up. The good news is they likely won't see any drastic increases until after about 70 years old.
Fifth, you insurance covers every damage. That's just not how it works. Specific plans cover certain things and you need to know what those are. Liability covers you from the lawsuits of people or property you injure. Comprehensive and collision covers your vehicle. Find out what coverage is available and consider what you need. Don't assume that having basic coverage will take care of you in every situation. These are 5 of the common myths of auto insurance.
Bundling insurance policies with one company, such as homeowner's, life and auto, will also help to build a relationship with that company that will be beneficial if customer service is required. By performing the above self-insurance practices and by shopping around using an insurance professional, an individual can begin to immediately save on their monthly auto insurance premiums.
Despite popular belief, insurance companies are not worried about the color of your car. There's some worry that a red car attracts the cops' attention. Whether or not that's true, the color of your car isn't going to change your risk factor, so don't worry about the color when you go to buy a car. Second, older cars are cheaper to insure.
A few examples of these excess or superfluous coverage options that are often included in policies include towing and rental car insurance. These coverage options can be done without by the policy holder if they are willing to absorb the potential costs incurred by these items.
By doing the math, one can see how choosing to forgo these coverage options can save them money in the long run. The average cost of a tow is around one hundred dollars, maybe a little over, but the average cost of tow coverage on an auto insurance plan runs around fifteen to thirty dollars a year.
Third, your insurance is null and void when a friend takes your car. The worry behind this is if you haven't insured a friend on your policy, that friend takes the car and totals it, your insurance won't cover you. When you give any non-excluded driver permission to drive, it becomes the primary insurance for that driver. The insurance follows the car in this way, not the person driving.
Shopping around to different agencies will give you the buyer different and competing estimates for your home insurance needs. While doing this leg work, one should remember to read fully each policy in order to be able to compare the differences in policies.
Fourth, older drivers pay more for coverage. Many think that since elderly are having trouble with their vision, memory and reflexes that they're going to have to pay higher insurance premiums. Although these factors are considered, senior discounts are available to about the age of 70. The idea is that their wealth of experience actually makes them safer drivers. After about age 70, that assumption begins to deteriorate and rates go up. The good news is they likely won't see any drastic increases until after about 70 years old.
Fifth, you insurance covers every damage. That's just not how it works. Specific plans cover certain things and you need to know what those are. Liability covers you from the lawsuits of people or property you injure. Comprehensive and collision covers your vehicle. Find out what coverage is available and consider what you need. Don't assume that having basic coverage will take care of you in every situation. These are 5 of the common myths of auto insurance.
Bundling insurance policies with one company, such as homeowner's, life and auto, will also help to build a relationship with that company that will be beneficial if customer service is required. By performing the above self-insurance practices and by shopping around using an insurance professional, an individual can begin to immediately save on their monthly auto insurance premiums.
About the Author:
Wickline Insurance Associates offers quality service to those seeking auto insurance or home insurance in the Beckley, West Virginia area. You can receive a free insurance quote or manage your current Wickline Insurance policy online.
0 commentaires:
Enregistrer un commentaire