Five Myths about Car Insurance and How to Find a Better Deal
Car insurance is one of the most crucial products a person can have. Drivers need to have the very best coverage so they will be protected during times of emergency. With so many insurance companies and third-party agents around, you could have a difficult time finding the best policy and getting a good deal. Learning some of the auto insurance myths, can help a driver to make the best selection. The following are some of the most common myths about automobile insurance. Make sure you know what you’re up against when looking to get a good deal.
Auto Insurance Automatically Makes Me Innocent
Some people are under the false impression that having a Bay Roberts car insurance policy automatically makes them innocent if an accident occurs. They feel as though the insurance provider will cover them when anything happens. But on the contrary, an insurance company will complete a full investigation as soon as it receives a report of an accident. They will use all the facts gathered to determine who is at fault. An innocent driver is a person who obeys the traffic laws and gets into an accident through no fault of their own.
Credit Scores Do Not Affect Car Insurance
Most drivers are blind to the fact that creditworthiness affects their standing with insurance companies. Insurance companies determine rates by something they call an insurance score. The insurance score is a mixture of driving history and credit scores. According to Steers Insurance Limited, the credit score speaks volumes about a driver’s level of responsibility, and can make a huge difference in rates.
“Most drivers are blind to the fact that creditworthiness affects their standing with insurance companies.”
Auto Insurance Covers Personal Property
An auto insurance policy does not cover the driver’s personal property in the vehicle. The insurance policy will cover the interior and exterior of the vehicle, and a driver can obtain special insurance that will cover personal property, but the average auto insurance policy does not protect such things. Therefore, drivers should refrain from leaving valuable property such as computers, golf clubs, DVD players, and the like out in their cars overnight or on long commutes.
Other Drivers Are Responsible When Accidents Occur
Many drivers allow friends and family members to borrow vehicles. Some believe that the borrowers will be responsible for repairs if an accident occurs, but in fact, the owner of the vehicle is responsible for anything that happens while someone else is using it. Therefore, all traffic violations and accidents will fall on the owner. Adding drivers to one’s policy can help in such situations, but it’s best to be cautious and only let trusted people borrow your car.
The Insurance Company Will Give Me a Free Rental Car
Many assume that all insurance policies provide the policyholder with a free rental car if an accident occurs. That notion could not be farther from the truth. Many do offer rental reimbursement, but the policyholder has to request an add-on feature to receive such coverage. The cost of rental reimbursement assistance is usually low, so a person can have the coverage for approximately $5 per month or less.
How to Get the Best Auto Insurance Deal
Finding the best automobile insurance deal requires patience, diligence, and research. You can find a comparison tools online that will display the rates of several of the top insurance carriers. A third-party agent can assist in finding the best insurance deal as well. You can also go through a club such as AAA, or ask his or her credit card provider for assistance finding a company that offers discounted rates.
The best way to obtain the best insurance rates is to drive in total obedience to the traffic laws. Another is to drive a sensible vehicle. Sports cars have a tendency to invite larger insurance premiums, and raising one’s deductible can reduce insurance rates, as well. The deductible is the amount of money the insured person pays before the insurance company contributes funds to the accident. Deductibles are usually in $250 increments, and go all the way up to $1,000. Raising the deductible to $1,000 or more can significantly decrease your monthly premium.
Anyone having trouble finding the right insurance policy should seek the assistance of a trained specialist. This way you can be sure you are avoiding the worst myths and getting the best deal possible.
Category: Car Insurance
