Five Myths Regarding Auto Insurance
Author: Jeff D
Source: articlesbase.com
>>>I Went from Paying $600 a month for Car Insurance to only $111 a month! <<< To do the same Visit Save489.com and Enter your Zip code and within a few minutes you’ll have quotes which will help you save hundreds per month! When it comes to auto insurance, most Canadians can not differentiate between facts and figures. To help you better understand auto insurance better, the top five auto insurance myths are exposed: 1. Color of my car affects my insurance premium. Many factors determine premiums including your vehicle’s year, make, model, body type and engine size, however, the color of your vehicle is not so likely to increase the insurance premium as are some of the other factors listed above. 2. If I use my car for work and meet with an accident, my employer’s insurance will cover for it. Your employer’s protection may compensate you for mileage, but your own insurance policy covers any kind of accidents your car experiences. Therefore, it will be your personal auto-insurance that will be covering you and not your employer’s, in case you have an accident. 3. Parking tickets increase protection premiums. Insurance premiums are not affected by parking tickets. On the other hand, a license suspension which is due to unpaid fines can affect your driving record, resulting in higher insurance premiums. 4. If my friend borrows my car and has an accident, their insurance will cover damages. If you lend your car to anybody, you are lending your protection too. Even if your car is damaged without your involvement, all claims will be made under your insurance policy. 5. Auto insurance companies can charge what they want. Auto insurance is subjected to significant regulatory requirements which they have to fulfill each year. Insurance companies have to submit their automobile protection rates to government agencies for approval. For this reason, insurance companies do not charge according to their own will. Rather, they have to go by the regulatory requirements.
>>>I Went from Paying $600 a month for Car Insurance to only $111 a month! <<<
To do the same Visit Save489.com and Enter your Zip code and within a few minutes you’ll have quotes which will help you save hundreds per month!