Car Insurance Quotes – Facts and Fiction

With so many things that demand our time, money, and attention nowadays, nobody wants to pay a high price for auto insurance. But by taking advantage of the internet and free car insurance quotes, pretty much anybody can find auto insurance quotes that could potentially you money on your insurance premiums.

For those out there considering researching to see if you are paying too much for your car insurance, lets find out how much truth there is to the many things that people have on their minds when getting free auto insurance quotes.

Fact or Fiction?

When a driver gets his or her first speeding violation, the quotes go up.

This is fiction. In many cases, insurers don’t raise quotes or premiums until a driver has many violations.

Red vehicles cost more to insure, leading to higher quote prices.

This is fiction. Contrary to popular belief, color is not a factor used to calculate auto insurance quotes.

Anybody that drives a car with the owner’s permission is covered on the insurance policy.

Fact. Since an car insurance policy is for the car instead of the driver, anyone who operates the vehicle with the permission of the owner is also covered.

Cheap cars get cheaper insurance quotes.

Fiction. If the car has a big engine or is considered a high performance car or sports car, the quotes will naturally run higher regardless of the age of the vehicle.

Urban auto insurance quotes are higher than for those who live in rural areas.

Fact. Those that live in the city have to deal with more traffic and higher risks of theft than those who live in rural areas. This translates to higher car insurance quotes to those living in the city.

Insurers look at your credit rating when calculating auto quotes.

Fact. Insurers have discovered a close correlation between your credit, and the risk you pose to them. Because of this, the higher your credit score is, the likelihood of you getting a cheaper car insurance quote is better.

Auto insurance companies just charge whatever they want.

Fiction. Each state requires insurance companies to disclose how they calculate your car insurance rates. Regulators review the information to make sure that they meet state required guidelines.

The lowest coverage on your vehicle is adequate.

Fiction. If a driver is at fault in an accident that leads to a lawsuit, and the car is underinsured, your assets could be seized to cover the damages that were not covered by your insurance.

On Your Way to Savings!

By separating the facts from fiction, it’s easy to save money on your auto insurance premiums. Don’t be fooled by all the rumors about auto insurance quotes. Get educated, compare quotes, and find the right insurance for you at the right price.

Car Insurance Quotes – Facts and Myths

Whether you are a first time car buyer or collector of vintage automobiles, it is very essential to have the automobile insured. Most of the people do not have much knowledge about car insurance quotes and thus, end up paying much more than the actual amount. Therefore, it is very important to be well aware of car insurance quotes.

Auto insurance is a basic requirement for all types of vehicles and is also the best way to secure your vehicle. You can consider a car insurance online. Next, getting a insurance online will help you save considerable amount of both time as well as money.

You can make a research on the insurance rates provided by different companies and then may choose the best that suits your budget. Car insurance companies may ask you to furnish various personal information while providing car insurance quotes. In fact, insurance companies ask for these details to determine important factors such as the amount of risk posed by you and your vehicle.

Facts and Myths

Myth 1: Car Color Matters:

Many people believe that the color of their automobiles has an effect on the auto insurance quote. The popular belief is that cars that have colors such as black, silver and red are comparatively more easier to sell and so have a better value. Cars with higher value generally have more expensive insurance quotes. Therefore, there is a myth that if you want to have a cheap car insurance quote, you need to buy a car of color other than red, black or silver.

On the other hand, there is a myth that says that cars with unusual colors are more expensive to maintain and repair and thus, may have a higher insurance quote.

Fact: You need to know that both the cases are absolutely baseless and that your car color has no influence on the car insurance quote..

Myth 2: Residing In A Sunny Area Will Get Me A Cheaper Insurance Quote:

The reason behind this myth comes from the belief that in dry and clear weather, drivers are less likely to meet with an accident. However, this is not the case.

Fact: The insurance company may ask you about your address, but that has not got anything to do with the weather condition in your area. You have to furnish them your address only, because they check for the average crime levels in your area.

Myth:3 My Credit History May Be Retrospected:

Few years ago, car insurance companies used to verify the credit history of a person before granting insurance. However, this practice is not prevalent in current time. This is because there are many car insurance companies in the market competing with each other. So, chances are that you will not be denied auto insurance only because you lack a good credit history.