AllRisk Auto Insurance, LLC Blog
Car insurance covers both risks of damaging the vehicle and accidents involving the car covered by the plan. This will ensure your safety as well as your passengers' in different troubles. However, there are common myths about car insurance that can cause confusion and misinformation regarding the vehicle that you will purchase. Here are examples and the truth behind them:
Myth 1: Red Cars Cost More
The myth about red cars originated from the theory that red cars are faster than other colored vehicles. This is due to different commercials that use red cars to advertise their product's latest model. Nonetheless, the color of the vehicle does not affect the cost of insurance but rather, the cost is dependent on the vehicle's model, size, or engine.
Myth 2: Lending Your Car Does Not Mean Lending Insurance
If you lend your car to your friend and an accident happened while using your vehicle, your insurance rate will be affected. The owner's insurance policy takes consideration in whatever damage or accident might occur and not a friend's insurance.
Myth 3: Insurance Costs More For Males Than Females
The myth can be considered real to an extent. Males under the age of 25 needs to pay more for insurance. However, when men reach the age of 25, insurance prices are the same regardless of gender.
Myth 4: Insurance Costs More When You Are Older
Just like Myth 3, insurance prices are the same regardless of age, but some companies give discounts to senior citizens when purchasing car insurance.
Myth 5: Insurance Covers Collision Damage and Theft
Car insurance does not necessarily cover collision damage and theft. However, upon purchasing an optional collision coverage, collision damage is covered. Moreover, an optional comprehensive coverage includes theft, vandalism, and nature damage.
Myth 6: Higher Insurance Price Means Better Coverage
Different insurance companies have different rates for the same car with the same coverage. It is better to ask different insurance companies about the rates on your choice of vehicle and coverage. This might take some time but will save you from losing hundreds or thousands of dollars.
These are just some myths that might hinder you from getting your planned coverage for your insurance, but good auto insurance will always ensure what's best for you.
At AllRisk Auto Insurance, LLC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (360) 693-4044. Get your free quote today by CLICKING HERE.