Auto insurance myths listed and explained
The problem with all the best myths is there’s just enough substance to them that they might be true. Take the question of red cars. There are a number of myths suggesting they are always fitted with special engines to go faster, or they are always given higher auto insurance quotes. But it’s not enough to state that the law enforcement agencies do not stereotype red vehicles as faster and stop them more than other colors. Equally, insurers do not have a separate premium rate for red vehicles. But there are two unfortunate coincidences in all this. Manufacturers tend to paint their fastest models red, and men who like to show off when driving tend to buy the faster, red vehicles. So, younger drivers in red cars do tend to ignore the rules of the road and they are stopped more often. Because they tend to drive their vehicles faster than they should, they have more accidents and so they are quoted higher premium rates.The second set of myths surround rises in the premium rates. Many believe the auto insurance quotes automatically rise when you get a single ticket for speeding. This is sometimes true for younger drivers who pick up a ticket almost as soon as they start driving. It also can happen if the vehicle is traveling at an excessive speed. But for most experienced drivers, the insurer ignores the odd ticket every now and then. That’s just one of the facts of a driver’s life. So long as you remain safe and there are no claims, the rates will stay the same.
Then there are those who believe you guarantee to save money if you buy cheap vehicles. Sadly, this is often untrue for several reasons. The most important factor is the safety record of the make and model. If tests have consistently shown this model rolls over when cornering too fast, the resulting cheapness in price will not save you from a high quote to insure it. Similarly, if it costs a small fortune to repair because the parts must be imported, collision insurance will be high. The only time it might be consistently true is for comprehensive when theft cover might reflect the low market valuation.
So, as you can see, auto insurance mixes fact and fiction to produce some interesting "true" myths. As with all things, you should always do a little research before buying insurance. That way, you should get good value for your dollars.
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