Myths About Your Car Insurance Get Busted
It is always nice and exciting when you are going to get yourself a new car or get your very own for the very first time. Knowing how to drive safe and all the rules of the road may be the most important part but another important thing that everyone needs to remember is how they need to pay attention to their car insurance.
An auto insurance is basically a contract between you and an insurance company that would have the power to protect you against any sort of financial loss in case your vehicle becomes involved with any accident or if it has been stolen. Most people actually don’t like it since this would mean that you would pay the company every single month for the insurance. It is incredibly frustrating but it is indeed very important since it has a purpose to protect you from the possibility of going bankrupt.
Myths About Different Auto Insurances
There are some people who actually are either misinformed or just really believe in some misconceptions about the insurance they have in their vehicles. One of the most common myth that people usually believe in is that everything that is in the car are covered by insurance. That means people, as well as the belongings like mobile phones, jewelries, golf clubs, fishing gears, and other valuable items that will either be stolen or damaged is covered by the insurance. Technically, it is not usually covered by the car’s insurance, but something like that could be covered by the owner.
Another misconception that people would love to believe in is that looking for the best auto insurance is such a time consuming task and they’re all the same anyways. First of all, auto Insurances are not all the same since they have different prices depending on the coverage.
The most important coverage would be the liability and property damage coverage. No one would want to be involved in a car havoc since it is incredibly dangerous not just for your own well-being, but it could damage your pocket big time. It also covers other drivers in case you actually did something to their vehicle and so no matter how grave it may be, your insurance would cover it and you would not need to get money from your own pocket to pay for the damages.
What Do Insurance Companies Care About
Finally, the most common myth people tend to believe in is that an auto insurance would always depend on what the color of your car is. When it comes to family cars, white would be the most common color since it is seen easily, whereas black and silver are pretty common as well as for adults. When it comes to sports car on the other hand, red would be the most popular. Most of these sports cars will be seen flying past other cars in the freeway and their insurance may be way better than yours since you don’t own one.
According to carinsurance.com, companies who usually insure automobiles, take a look at what kind of vehicle you have than and they usually don’t really care what color it may be. They would want to know when it was made, what the car’s engine size is, if it is just an ordinary car or a sports car. Usually, the only reason they would care about its color is if it is limited edition or if it is personalized.
This would normally apply to luxury vehicles and not to ordinary vehicles, so that’s the only time it would matter. Your driving history would be their concern as well.
No matter what kind of insurance you get, make sure that no matter what happens, it would benefit you. It may be quite expensive for some but you simply cannot take the risk of spending more if you get a really bad insurance for your vehicle.
More inCar Insurance
Massachusetts Announces Ban on New Fossil-Fueled Cars by 2035
Electric vehicles are the future. We’ve said it before, we’ll say it again and again until it’s embedded in everyone’s mind....January 5, 2021
Elvis Presley Loved this Automaker So Much He Collected Hundreds of Cars Made by It
Elvis Presley may be a step above other famous musicians because of his legendary status as the King of Rock and...January 4, 2021
Your Car’s Catalytic Converters is in Danger of Theft – Here’s Why
From your seventh-grade science lesson about car pollution, you may have learned that catalytic converters have greatly reduced toxic car emissions. They...January 2, 2021
How to Build an Emergency Fund on a Tight Cash Flow. Hint: It’s Totally Doable!
Even before the coronavirus pandemic upended people’s finances, experts have been consistently encouraging everyone to save three to six months’ worth...December 31, 2020
Volvo Second Electric Car to be Revealed in March 2021
Electric vehicles are the future- and we couldn’t be more excited. Joining the line-up of automakers keen on expanding their EV...December 31, 2020
Electric Delivery Vans, Courtesy of Automotive Startup, Canoo
Electric vehicles have been the talk of the town for quite some time now. We’re already seeing much progress in the...December 30, 2020
The Most Questionable Cars Ever Built for Racers
Some cars are built to enjoy famous from competing in some of the most prestigious rallies globally, while others are made...December 29, 2020
Honda Recalls 1.4 Million Vehicles for Check and Repair
Japanese Multination Conglomerate, Honda Motor Company, is recalling 1.4 million vehicles in America for check and repair. The recall is to...December 29, 2020
About to Get Your First Homeowner’s Insurance Policy? These are the Things You Should Know
So, you’ve finally made the leap and bought your first home. You’ve put in the work, did the research, and can...November 26, 2020