Streetsmart insurance Blog
Although getting car insurance is obviously the best choice, there are still people who end up going with it because of several myths. These myths scare people away from buying car insurance but are not necessarily true. If you are a new car owner looking to get insurance, what you have to do is to get to know the myths, hoaxes and truths. Here’s a list of some of the most common ones to begin with.
Red Cars are More Expensive to Insure
This is a hoax because the color of your car does not in any way affect your insurance rates. Most insurers don't even ask you about your car's color in the application form. What affects your insurance rates for sure is the model, make, year and engine of your car.
A speeding ticket will cause my rates to shoot up
While this is sometimes true, it might take more than one ticket to get your rates to go up. The insurance company will definitely look into your driving history and violations but one speeding ticket is not a big factor. The story behind the speeding ticket and how fast you were going when you were caught can serve as a good indicator to the insurance company of how you drive.
Insurance companies charge whatever they want
Every state has a different law that mandates insurance companies on how they calculate their insurance rates. There is no way an insurance company can charge higher rates without complying with the state laws.
My car is old so it's cheaper to insure
If your old car has a large engine and it huge, it might cause more to insure than a regular sized sedan. However, there are some coverages that you may not need to pay more. This includes the comprehensive coverage that protects you from vandalisms and fire incidents.
Car insurance rates are cheaper once you turn 25
Most car crashes and accidents happen when you are under 25 including your teenage years. This is the reason why teenage drivers are charged higher rates compared to older ones. Although it’s true that your insurance rates go down when you turn 25, you don’t want to be without a car insurance during the formative years when you’re only starting to drive.
Having a car is a big responsibility and most people choose the shortcut and ignore insurance only to end up spending more in times of accidents. A great insurance company can give you an affordable policy that is tailored to your needs. At StreetSmart Insurance, we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at (732) 462-8343. Get your free quote today by CLICKING HERE.