Buying auto insurance could be intimidating because of many misconceptions surrounding the topic. We’ve tried to bust a few myths about auto Insurance Buffalo NY for your convenience:
Myth 1: Colour plays a huge role in determining the price of auto insurance
It is one of the most common misconceptions that has been around for a long time. There’s especially this rumour floating around that red cars are pricey in terms of insurance. But that’s not true because whether your car is vermillion red or milky white, this will not affect the cost of your auto insurance. Rather, factors such as car make, model, engine size, body type, car age, and more determine the price of your insurance.
Myth 2: Older drivers are charged more for the insurance
Although driver’s age plays some part in the cost calculation of auto insurance, the belief that older drivers have to pay more for is not true. It is quite the opposite in reality. Unlike life insurance, where it is directly correlated with age, auto insurance provides special discounts to older drivers. The insurance Buffalo NY rates are reduced by up to 10% if they complete an accident prevention course.
Myth 3: Your auto insurance policy covers all kinds of damage
Car insurance doesn’t work like that as there are many types of car insurance coverages. Liability insurance covers you if you cause someone harm or damage their property, whereas comprehensive and collision coverage will protect your vehicle. It is optional coverage and should be bought to fully protect your vehicle.
Myth 4: Auto insurance can lapse if you get into an accident
Many drivers believe that getting into an accident or even getting a ticket might cancel their insurance policy. This is a myth because your auto insurance company cannot cancel your policy before it’s expired. However, if a person is caught committing fraud or is way behind on his premium payments, the company might take action against him.
Myth 5: Advanced safety features means low insurance cost
Advanced safety features do not necessarily mean safe driving. A car equipped with the latest safety features cannot save you if you are a rash driver. The only way to ensure low premium costs is to invest in good driving lessons.
Buying an auto insurance policy is complicated and these myths add to the confusion. Are you also looking for auto insurance best suited to your needs? Head out to https://woltzinsurance.com/ and get in touch today!
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