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.

Fact: However, you need to know that if you pay beforehand rather than paying in installments, you get a discount on your auto insurance quote.

Now that you know about these myths and facts about insurance rates, choose your car insurance wisely.