6 things you thought you knew about San Antonio auto insurance
We all know certain things about San Antonio auto insurance but are these statements true or are these myths? Some of these statements could cost you a lot of money if you happen to be wrong so it’s time to find out if they are true or false. This is a great article that will help you figure out if you were wrong or right and if you need to make changes to your new or current San Antonio auto insurance policy:
Auto Insurance Myths
Have you ever heard some of these statements? “It doesn’t matter what my credit score is when it comes to getting auto insurance.” Or how about this one: “There is nothing to worry about when I let my friends drive my auto.” And there is always this one: “My auto insurance rate will be lower because I don’t drive a red auto.” Correct, you ask? Not even close. We have listed some of the most popular myths that people believe about auto insurance and give you the truth instead. You might just be surprised at some of the auto insurance myths that people believe!
Myth #1 – Your credit score is not important when it comes to getting auto insurance
Anyone with really bad credit that has tried to get auto insurance can tell you that this myth is definitely not true. Your credit score is one of several things the auto insurance company takes in account when determining your auto insurance rate. The worse your credit score is, the more you will pay for insurance. Conversely, the better your credit score is, the lower your auto insurance rate can be.
Myth #2 – It doesn’t matter if my friend gets in an accident while driving my auto because their auto insurance will cover the damages
This can be an expensive myth to believe in. If a friend wrecks your auto or gets into an accident while they are driving your auto, your auto insurance is responsible, not theirs. The only way their insurance can be used is if the accident costs more that your policy allows for. In addition, you will most likely get an increase in your insurance rates and the accident counts against your insurance record, not your friend’s. Let your friends drive their own autos.
Myth #3 – No-fault insurance means that nothing that happens is my fault
No-fault insurance does not mean you aren’t at fault in any type of accident. It simply means that your auto insurance company will pay for your damages no matter who is at fault in the accident. If you aren’t clear about what no-fault auto insurance covers, you need to talk to your insurance agent.
Myth #4 – Auto insurance rates are set by the federal government for everyone
The federal government is too busy to worry about setting insurance rates for the entire country. Auto insurance ranges are actually set by each state and are regulated by each state’s insurance department. However, your actual rate depends on a variety of things, including your credit score, where you live, how many miles you drive each day, your driving record and even your marital status. Your auto insurance premium is calculated using these indicators.
Myth #5 – Auto color affects auto insurance rates
Please. If you believe this, you have been watching too much television. It does not matter if you drive a red auto, a blue auto or an orange one with purple stripes down each side. Buying a red vehicle does not mean you are going to pay more for auto insurance. The things about your auto that are important factors for auto insurance and the year of your vehicle, the make and model, the engine size and the type of body your vehicle has. Color is a totally unimportant issue when it comes to auto insurance.
Myth #6 – Young guys pay more for auto insurance than anyone else
There is some truth to this myth in the fact that young men who are less than 25 years old do pay more for insurance than female drivers in the same age group. However, the groups that pay the most for insurance are senior citizens and teens. The members of these age groups get in more accidents than anyone else so they end up paying more for auto insurance because of that.
Myth #7 – I paid my insurance premium, so my new auto is covered by my old insurance policy
Whenever you purchase a new vehicle, you need to notify your auto insurance company. Most policies do cover a new auto for a specific number of days after you have purchased a new vehicle, but chances are, your rates are going to change anyway, so you want to have the correct coverage from day one. Protecting your new purchase by getting the appropriate auto insurance should be one of your top priorities when you buy a new auto.
Myth #8 – I don’t have to have comprehensive coverage to be covered for deer accidents, theft or damage from hailstorms
A lot of people only purchase collision auto insurance. It only covers damage that happens from driving your auto, specifically driving accidents. Collision auto insurance does not cover vandalism, running into a deer, the occasional freak hailstorm or your auto being set on fire. That is what comprehensive coverage is for. It is always the best choice to buy both collision and comprehensive auto insurance coverage to fully protect yourself.
Myth #9 – Personal auto insurance covers business and personal use of my auto
This is not necessarily true, either. Your best bet is to talk to your insurance agent and let them know that your personal vehicle is also used for business such as meeting with clients or transporting equipment. Most auto insurance agents will recommend adding to your personal aut insurance to cover your business use as well. Something else to think about is that if you have employers that use their personal autos for business, you might need to get an additional policy to cover that use.
Myth #10 – I don’t need auto insurance because I’m a autoeful driver who has never been in an accident
No one is that lucky all the time! Besides, it is illegal not to have auto insurance of some kind on any vehicle that you drive. If you are in an accident and don’t have auto insurance, you will be in trouble with both the police and the people in the other vehicle. They can sue you personally for damages. Auto insurance is the best way to protect yourself if you ever do get into an accident.
Conclusion: For more information on auto insurance visit our main site at Online Auto Insurance you can instantly compare quotes, view state requirements, and additional educational information that will help you in your selection with auto insurance.
Article courtesy of www.OnlineAutoInsurance.com
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