subject: 3 Car Insurance Myths Debunked [print this page] Did anyone ever tell you that if you buy that red car you have always dreamed of owning that your insurance will be higher? We are bombarded everyday on television and radio with entertaining, character driven, competitive advertisements for car insurance. There is the little green gecko, President Palmer from the hit television series 24 and of course, bubbly Flo, who seems to love her job way too much.
Shopping for cheaper car insurance is a lot easier these days, especially when you use the internet and the free quote services which are available over the the internet. Keep these three insurance coverage myths in mind while you are doing your shopping so that you are truly comparing apples to apples between the competing automobile insurance providers:
Myth #1: Car color impacts insurance rate
Okay, buying that "arrest me" red car might draw the attention of the police as you cruise down the road, but the color will not affect your insurance rate. The price of insurance is primarily impacted by the year, make and model of the the vehicle you drive as well as:
the total number miles you drive per year
the age of the driver
the credit score of the driver
the driving record of the driver
the number of miles to commute to and from work
the other drivers who are covered on the policy (e.g. teenagers)
Myth #2: Older cars can skip the comprehensive portion
Nope! According to the American Automobile Association, older cars are actually easier targets for thieves for a couple of reasons. First, they are easier to steal since they tend to have fewer theft deterrent devices installed in them. Second, the market for car parts for older models is really hot. Insurance rates are higher for vehicles which are popular among thieves. There are resources available which can give you a list of top vehicles stolen for the past several years. If you are in the market to purchase a car, you may want to do a bit of research on the internet first to ensure that your car is in the driveway when you walk out of your home for your morning commute. The comprehensive portion of the insurance bill covers the risk of theft, so don't skip it on an older car if that is what you end up purchasing.
Myth #3: Custom additions are covered
If you have added those really nice, expensive wheel rims or a nice custom sound system to your vehicle, then the value of your vehicle is now higher. You must take the necessary steps to ensure your automobile insurance policy reflects these custom additions so that you are adequately covered in the event of a theft of the car.
by: Nathan Randall
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