13 Auto Insurance Myths and Facts You Should Know About - Ratinah

Auto Insurance Myths and Facts - In order to have protection, every vehicle owner is required to register insurance for his car. However, there are 13 auto insurance myths and facts that can make a person finally switch to not wanting to have vehicle insurance.

13 Auto Insurance Myths and Facts You Should Know About - Ratinah

Many vehicle owners are increasingly aware of the importance of car insurance to reduce the risk of loss if something unexpected happens.

The truth about the fallacy of many car owners who believe that insurance premiums for their new car are covered, and perhaps the truth can make you change course.

1. Fault-free insurance means, isn't it my fault?

That means that your insurance company pays for your damages regardless of who is at fault. Not!

2. Can the color of my car affect my insurance rate?, No!

What affects your rate is your vehicle year, make, model, body type, engine size, credit history and driving record.

3. I lent my car to a friend and the friend had an accident, the insurance company will pay compensation… right?, Wrong!

Your car is your responsibility! And guess what, even if you weren't present at the time of the accident, you'd still receive a mark on your insurance record and your insurance premiums might go up.

4. Are my insurance rates regulated by the government?, No!

The government has nothing to do with your auto insurance rate. Where you live, your credit score, marital status and your driving record are what really affect your premium.

5. Just paid my insurance premium. Is my new car that I just bought covered?

Not necessarily. Most auto policies require the policyholder to notify the insurance company or agent within a certain number of days, if coverage for the newly purchased vehicle is desired.

6. What is the fact that male drivers under the age of 25 pay more for auto insurance?

Yes! Male drivers under 25 years of age have the potential to pay more for car insurance than female drivers. Overall, however, teens and adults pay more for auto insurance, in large part because this age group is typically involved in more car accidents.

7. Can my credit score affect my insurance rate?

Your credit score really matters! Many insurance companies take your credit score into account when deciding to add or renew your auto insurance coverage.

8. Even without comprehensive protection, am I still protected from theft, windstorms, and hail and deer accidents?

Many drivers believe that if they only purchase collision insurance, which covers accidents involving objects, they will also be covered for incidents involving vandalism, hail, animal accidents, and fires. that fact is not true. You need to purchase both crash and comprehensive coverage to fully protect your vehicle from all of these situations.

9. Can my personal car insurance cover the use of my car for personal and business purposes?

If you occasionally use your personal car for business purposes such as transporting clients, to and from meetings or transporting business equipment, then you will most likely need to extend your personal car insurance to cover your business use as well. Plus, if your employees use their cars while working for you, you'll also want to get a separate non-owned car insurance policy.

10. I have never been or have been involved in a car accident, do I still need car insurance? Yes!

Some drivers are lucky enough to never be or be involved in an accident. However, if by any chance you get into an accident; your risk of losing everything is huge. Car insurance is the best protection you can have in the event of a car accident. It's also a legal matter - you're required, by law, to have some basic form of auto insurance, and if you don't, you'll be subject to pretty stringent penalties.

11. If you make a claim, it will be rejected

In general, if the event or risk you claim meets the terms of the policy. Therefore, read the America Motor Vehicle Standard Policy that you have.

The success of the claim also depends on the completeness of the terms and documents required by the insurance company for the claim process.

Therefore, you need to read the insurance policy clauses carefully so that you fully understand the terms and conditions of the claim.

12. Ever been ticketed, the cost is more expensive

Maybe many people think that if they have a bad record in the police, such as having been ticketed, the premium they will pay is higher. In fact, the premium cost is not calculated based on that.

13. My car is lighter in color, so it costs more

Myths are most often heard. Some people say, bright car colors like red and yellow will cost you a higher premium.

In fact, however, this is not the case. Whatever the color of your car, it is not a consideration in determining the premium cost. Unless you modify the car excessively.

That's 13 Auto Insurance Myths and Facts You Should Know About - Ratinah

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