The most ridiculous Auto Insurance Quotes myths
The credit score is one of the key elements by which the insurance companies sets the rates in their auto insurance quotes. Sometimes beliefs are so w...
The credit score is one of the key elements by which the insurance companies sets the rates in their auto insurance quotes. Sometimes beliefs are so widespread that the workers at insurance companies have nothing to do but laugh when they hear a customer worrying about his insurance rates. However anyone has a policy, it could be used as excess insurance in case the damages caused by the accidents are higher than your policy limits. It was your car involved in the accident, so it’s your insurer who pays for the damage.
Myth #1 : The credit score has nothing to do with car insurance. First of all, in most states you are legally required to purchase auto insurance to operate a vehicle. The insurance department of your state only stables the limits for the insurance companies in what concerns premiums.
Myth #2 : No-fault insurance makes you automatically not at fault in any accident. Fault auto insurance really means is that the insurer will pay for damages caused by an accident no matter who’s fault it was.
Myth #3 : When someone is driving your car and is involved in an accident, its his insurance company who covers the costs. This is absolutely wrong. Most insurers will take your credit rating into account every time you want to get, renew or change your policy. Still, not being involved in any accidents usually means that you’ll get cheap auto insurance, because your driving record directly affects the premiums with your policy. The government has nothing to do with your individual car insurance rates.
Myth #4 : The paint color of the car can result in higher rates. In some states a policy is even required when you only register your car. A large part of car owners think that by purchasing collision insurance (covering only the damage to your vehicle that results in traffic accidents) their cars have the coverage for acts of vandalism, natural disasters and other accidents like fires or theft.
Myth #5 : Windstorms, theft, hail and wild animal accidents are covered even if you do not have comprehensive coverage. Both collision and comprehensive coverage are required to cover the damage resulted situations.
Myth #6 : Not being involved in any traffic accidents means that you do not need auto insurance. What really affects the auto insurance quotes is engine size, body type, model, make and year of your vehicle as well as your driving record and credit rating. And the insurer sets the exact rates, which are primarily affected by your driving record, credit rating, marital status and the area you live in.
Myth #7 : unpleasant surprise is that even if you were not involved in the accident yourself it will still be included in your record and this often results in car insurance quotes raise.
ya all points are true insurance policy only notice of being insured but on a genuine reason… genuine reason should be thier am i rite????
Yes. U are right, and thanks again for stoping by at auto insurance quotes.
Myth #4 isn’t entirely correct. In the states, certain auto insurance companies (such as State Farm) will charge higher insurance rates depending on the person’s car color.
For example, a person will have a lower insurance rate if their car color is silver versus a person whose car color is red.
I don’t understand the Myth #5. If we hit some natural calamity, then it is wisable for company to accept the claim but if you hit an animal, there might be some fault of your as well. Can i get more information regarding this?