Car Insurance Myths You Should Not Fall For

Getting a car insurance is very important to you. However, most of the insurance policies are complicated and this is the reason why people have trusted all information they find about car insurance as gospel truth. These car insurance myths may make you commit mistakes that will end up costing you.

The most common insurance myth: Your insurance rates are affected by the color of your car

This is one of the most trusted myths by those seeking car insurance. A study surveyed one thousand drivers and the results were surprising.  Of all the drivers surveyed, 25% believed that the color of their car is used to determine the premium rates.

However, this is a false statement. The color of your car does not affect anything. The insurance companies do not care whether your car is golden, black, red, blue or any other color. What really matters is the manufacture date, model, make the engine size and the body type of your car.

One  speeding ticket will propel your insurance rates

This is a myth. Only one speeding ticket will not affect your rates. however, if you are caught by the police more than three times speeding or if you are driving at a speed of more than 50km/h the recommended speed, then you will have to pay more.

If you are not charged by police you will receive your insurance claim

It is not the work of the police to tell the insurance company whether or not you were responsible for the accident. The insurance company will conduct its own investigation and find out if it was your fault or not. Therefore, there is no need to celebrate early after the police find you with no wrongdoing as it is the insurance company that has the last word in your case.

I was not driving the car when the accident occurred it will not increase my rates

The insurance company is interested in the activity of your car and not who was driving. Therefore, it is your policy then you will be held responsible for the accident. Therefore, you should be careful about who you give your car.

There is no significant difference between the auto insurance company rates

This is among the most trusted among all the car insurance myths. This is a myth that may end up costing you a lot. Just as we have different auto insurance companies their rates are also different and you may end up saving a lot of money if you do your own research. Patience is the key here and taking your time may make a huge difference.