Longwood, Florida Insurance Agency Dispels Common Car Insurance Myths
| PR Web |
“Today’s insurance policy holders are often mislead from conflicting information about auto insurance that appears in the media and online. Some of the information that is perpetuated by word of mouth is inaccurate, and may cause individuals to make poor insurance choices due to misinformation. Car insurance can be very confusing. Our
Myth: Driving history is the only factor that determines a car insurance rate.
Fact: There is a lot more to an auto insurance rate than a driving record. Other factors include age, type of car, the intended use of the car, and theft rate in the area (urban areas usually have higher theft rates than do rural areas). Also, if someone is a student, good grades can help reduce insurance premiums. Even credit history can play a part in the overall calculation.
Myth: The color of a car affects car insurance rates. Bright red cars, in particular, are more expensive to insure.
Fact: The color of a car has no bearing on insurance rates. Red, silver, blue, or polka-dot, it doesn’t matter.
Myth: Newer cars are always more expensive to insure, and smaller, less expensive cars are cheaper to insure.
Fact: Some new cars are actually less expensive to insure than older ones. It depends on the year, make and model, so consumers should check around. Additionally, smaller cars are not always cheaper to insure; it depends on coverage. For example, small cars generally sustain more damage in an accident, which results in having a higher chance of being “totaled,” and therefore increasing the rate for collision and comprehensive coverage.
Myth: Being ticket- and accident-free means insurance rates will go down.
Fact: Remaining ticket- and accident-free helps lower insurance rates over time, but other factors can keep that rate where it is or make it increase. These include various influences like the cost to repair vehicles, growing hospital bills and increasing lawsuits.
Myth: Buying insurance online saves money.
Fact: An insurance policy likely won't be important until it is used to make a claim. Should consumers have a claim and find that they don't have the proper coverage, paying extra money out of pocket may cost more than the savings consumers make by purchasing an inferior policy online. A good insurance agent can help consumers analyze their current policy and make recommendations so that individuals have the most complete insurance policy available to them. Additionally, brick-and-mortar insurers often have extra discounts that are not available online.
Furthermore,
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