The Most Popular Misconceptions in The Car Insurance Industry

LOS ANGELES, Aug. 7, 2019 /PRNewswire-PRWeb/ -- Carinsuranceshoppingsource.com has launched a new blog post that presents several popular car insurance misconceptions people can have.

For more info and free online quotes, please visit https://carinsuranceshoppingsource.com/typical-misconceptions-car-insurance/

Many persons are still having some misconceptions regarding the car insurance market. Most of these misconceptions are not true. In most cases, these fears are spread by persons that have little knowledge of how the car insurance industry works or by persons with bad intentions.

The most common misconceptions about auto insurance are the following:

    --  Drivers with minimum liability coverage are protected against anything.
        This is not true. The minimum liability coverage is only enough to drive
        legally. In many cases, minimum liability coverage is not enough to pay
        the damage caused to other persons' property or to pay their medical
        expenses. Policyholders that don't have enough coverage will risk losing
        their assets to pay for the damage and medical bills.
    --  A single policy covers everything. Drivers that own one or two policies
        are not fully protected against all situations. To be fully protected,
        policyholders should purchase liability, collision, comprehensive, PIP
        and Uninsured/Underinsured motorist insurance policies. Full coverage
        can be pretty expensive.
    --  Deductibles are not important. Deductibles are very important for
        drivers that know to take advantage of them. The deductibles represent
        the amount a driver has to pay upfront before the insurance policy kicks
        in. Drivers that choose higher deductibles will pay lower insurance
        premiums. Smart drivers can tweak their deductibles in order to obtain
        good insurance rates and affordable deductibles.
    --  Policyholders that own red cars pay more. Many persons associate red car
        owners with people that are reckless drivers or like speeding. This
        popular belief is false and car insurance companies are not interested
        in the color of a vehicle.
    --  Adding a second senior driver will lower the cost of the premiums. Many
        believe that adding a senior driver to their policies will make their
        insurance costs to drop. In many cases, this is not true. Most senior
        drivers pay lower car insurance rates due to their driving experience.
        However, if a policyholder is adding a senior driver that has recent
        traffic violations in the driving record, then the insurance costs will
        not be lowered, but instead, they can increase.

For additional info, money-saving tips and free car insurance quotes, visit https://carinsuranceshoppingsource.com/

Carinsuranceshoppingsource.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

SOURCE Carinsuranceshoppingsource.com