Top 4 Myths about Car Insurance Debunked

July 11, 2013 / by / 0 Comment

When you are buying a car from your hard earned money you need to make sure that you protect and insure it from all the unexpected damages that can happen in the future. While there are many car owners that really believe that car insurance is important for their vehicles there are many others that believe that car insurance is not really needed because they are either very good drivers or they do not drive their vehicles on daily basis. However, in both the cases you still need car insurance because most countries have mandatory law to carry car insurance papers at all time. To some extent there are many car insurance myths that still exist around the world.

Personal Belongings Coverage

It is usually believed that car insurance will cover all the personal items that are in the car and which are stolen. There are many car owners that approach car insurance companies for claims regarding their stolen laptops or personal belongings from their car. However, car insurance companies do not cover that at all because you are paying premium for the vehicle and not for your personal belongings. There are certain items that car insurance do cover depending on various laws but generally they do not cover or are liable to pay for your personal belongings.

Car Insurance

Cheap Insurance Save Money

Most car owners that never really research on car insurance believe that they are saving up more money when they are going for cheaper car insurance, but the fact is exactly the opposite. Cheaper car insurance do not offer better coverage and therefore when your car is damaged or stolen they do not have the options to help you the right way which means you end up paying for the damages at that time.

Credit Scores Doesn’t Matter

Some car owners believe that car insurance companies do not take their credit scores seriously but the fact is that they do. Many car insurance companies do ask for your credit score report before they provide you with car insurance. If you have a good credit score there are chances that they might offer you better car insurance quotes. If your credit report is bad they might not deal with you or offer you high car insurance premium rates without any negotiations. Insurance companies determine your financial reliability and credibility based on your credit scores so always keep track of it.

Young Drivers Pay More

Although, most car insurance companies do quote a higher premium car insurance rates for drivers that are around 25 years of age but it is not completely true. There are many young drivers that drive responsibly and they have a clean driving record which allows them to get affordable car insurance quotes. You can click here to find out more about car insurance companies that offer better rates. If you convince car insurance companies that you are a responsible driver and you have a family car that can be insured cheaply you can still get car insurance at low rates.

Image Credit: joshua m. neff

About the Author

Jyotsna Ramani is a passionate writer and an avid globetrotter. She had a knack for writing since her early years, though that was mostly letters to her penpals and jotting her thoughts down in her "Dear Diary". Over the years, she realized how her hobby could turn into a full time career and she started writing web content, books and pieces for local magazines. There has been no looking back ever since. Follow Jyotsna Ramani at Google+

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