Ever got the feeling of insecurity when it comes to your car? Well, being a first-time owner, most of you certainly not deny about having that feeling. Safety of vehicle is a big concern, but luckily we have insurance in place to protect us from those unwarranted uncertainties. Buying a car insurance policy is serious business. A car is one of the most prized possession for any individual. You would aim to treasure it like any other precious belonging. When it comes to the safety of your beloved car, you do not want to leave any stone unturned. While purchasing car insurance it is important to understand the various factors that affect the car insurance premium and coverage. There are many myths that are associated with car insurance policies. By busting these myths you can gain a better understanding about car insurance policies:
1.Buying Policies From A Dedicated Agent Is The Best: When you consult a dedicated insurance agent, you are likely to get car insurance quotes only from one specific company to which the agent belongs. If you choose to buy insurance from an agent, make sure that you consult agents from different companies before you make a decision. It is also advisable to go through the websites of different car insurance companies to secure the best deal.
2.Buying Car Insurance Online Is Not A Good Idea: This is perhaps the most common myth associated with car insurance. Purchasing an Online car insurance is extremely convenient and hassle free. Right from the purchase of the policy to the car insurance renewal the processes are much quicker. Besides the convenience, online car insurance tend to be considerably cheaper than the traditional ones.
3.You Can Keep Your Rates From Rising By Not Reporting An Accident: There is a common myth that you can keep the premium rates from increasing by not reporting an accident. However, if you get into an accident with another driver he might file a claim against you and your insurance company. Hence the insurance company will eventually be notified about the accident and your premium rates will be increased.
4.Car Insurance Premiums Rise With Age: Many people think that older drivers are more likely to crash due to poor eyesight. However, in reality drivers over the age of 55 may qualify for reduced insurance rates.
5.Credit Ratings Don’t Determine Premiums: People in general assume that the insurance companies cannot access your credit ratings. However, in reality many insurance company use your credit ratings to determine the premium rates.
