Hi, Im Ashley from EverQuote.Com. Today,
Im walking you through 7 myths about car insurance to set the record straight about
what really raises your premium and affects your coverage. The first myth is that personal finances dont
affect your car insurance rate. Insurers in most states do use your credit score when
pricing your premium, so its important to keep your credit score high.
The second myth is that new cars cost more
to insure. In reality, older cars may lack several important safety and theft-prevention
features that lower your premium. Dont assume that an older car will be cheaper to
insurealways verify with a few insurance quotes, first. The third myth says that red cars cost more
It hasnt been proven that the color of your car influences the cost of your
coverage, and its doubtful that your insurance company will even ask you about your cars
color. Myth number four: car insurance follows the
driver. In fact, car insurance follows your car more than it follows you. This means that
you might not be covered when driving someone elses car, and you might be liable if a
friend gets in an accident while driving your vehicle.
This brings us to myth number five: your car
insurance covers you when you rent a car. Your insurance carrier may cover a rented
vehicle, but its important to check with your carrier. You may need to purchase supplemental
insurance at the rental counter or take advantage of coverage offered by your credit card company. Myth number six: filing a claim always raises
Filing a claim against your policy certainly can raise your premium, but
if its your first accident or youre not at fault, you may not experience an increase. And lastly, myth seven: Full coverage
means youre covered no matter what. Full coverage simply refers to a collection of
policies; its not a guarantee that your insurance will cover you in any circumstance.
Look over your policy carefully and speak with your insurer to know exactly what youre
covered for. Thanks again for listening, and head on over
to EverQuote.Com for more answers to your car insurance questions..