By Bryan Waldo
After spending many
years in the insurance industry we have come up with a top 10 list of most
misunderstood things about car insurance. These car insurance myths are
some of the most common questions that most people have about direct car
insurance either buying or reviewing their auto insurance coverage.
Its better to find out now before you have a claim and it's too late
·
I just got my 1st speeding ticket my insurance
rates are going to go way up
Reality:
If this is your first ticket your rates probably won't even change. Most
direct car insurance providers will give you a pass if you don't have any other
tickets or claims in the past 3 to 5 years depending on the company
·
That new Plasma TV I bought last year won't
affect my Car Insurance
Reality: If you didn't pay the credit card you charged it on then
it just might. Almost all insurance companies now use some form of credit
scoring when determining not only if you will qualify for insurance, but also
what you will pay. There can easily be 50% difference in rates for a
person with excellent credit to someone with poor credit
·
I just slammed my car door into my lawnmower
parked in my garage, my homeowners policy will cover it
Reality: Your homeowner's coverage has nothing to do with covering your
car. The only way your car will be covered is if you have Comprehensive
(Comp) coverage for your car. And then only after you pay you deductible
·
I just cracked up my friends car and I tell
him don't worry my insurance will cover it
Reality: It will but only after your friends policy pays first. So
let's say your friend has a $500 collision deductible and you have a $250
deductible. You would have to give your friend the $500 for his
deductible as his insurance company is Primary. Meaning your insurance
will only pay after his policy limits are exhausted. So just remember in
this scenario your deductible does not matter its going to be based on your
friends
·
If you're riding your bicycle and get hit by a
car your car insurance won't get involved
Reality: If you get hurt or killed while riding your bike or even walking
down the street you maybe surprised to learn that you may be covered by your
direct car insurance policy. If the person driving the car didn't have
any insurance or not enough insurance to cover your injuries, your Uninsured or
Underinsured coverage would pay for your claim.
·
Someone just broke into my car and stole all
of my personal belongings out of it i.e. Cd's, Cell phone, Christmas Presents,
my car insurance will pay for it
Reality: Your car insurance does not cover your personal belongings left
inside the car. You are going to have to file a claim with your
Homeowners or Renters insurance policy to be compensated for these items.
The general rule of thumb is your car insurance will only pay for items that
are attached to the vehicle
I am going to be charged more for my Car
Insurance because my car is red, blue, black, pink...
Reality: The color of your car has absolutely nothing to do with your
rates. If you like red buy a red car, if you like black buy a black
car. Don't ever let this silly nonsense stop you from buying a car
·
I didn't have a car for the last 2 years, this
won't affect my rates
Reality: Not having continuous car insurance is frowned upon by most
direct car insurance companies now a day's. Some companies won't penalize
you for not having prior insurance. If you don't have prior insurance
make sure you have a good excuse like you took the bus, or you were in the
military, or some other legitimate reason. Oh and by the way I couldn't
afford my insurance is not on that list
·
Telling a little white lie on my insurance
application won't affect my coverage if I ever have a claim
Reality: This is one of the worst things a person can do. If you
lie on your insurance application there is a good chance you won't have any
coverage when you need it the most. You think they won't find out?
Remember these 2 things when insurance company is on the hook for a ton of
money. #1 They are going to start asking questions and the first thing
they look at is your application. Wouldn't you if you were them?
And reason #2, the insurance companies have more money than god and they have
people working full time to find this stuff out.
·
Buying a cheaper more reasonable car will be
less to insure the a more expensive car
Reality: There are a lot of different factors insurance companies use to
determine rates, however there are many times were the rate for the more
expensive car is less than the cheaper car. One of the biggest factors
for the Comp & Collision coverage's are how much do replacement parts
cost. Sometimes on those cheaper cars or the more exotic cars the
replacement parts can cost a lot to replace
So just remember the
next time your online looking for a cheaper insurance policy, to consider some
of your options. There are hundred's of direct auto insurance companies
out there looking to get in your pocket, just make sure when the time comes you
can get into theirs
Bryan Waldo
Bryan Waldo has built
his entire career helping people. He spent 10 years as an insurance agent which
taught him about people and how to solve problems. He can be found at direct auto insurance or direct car insurance
ليست هناك تعليقات:
إرسال تعليق