What Are The Most Common Car Insurance Myths And Misconceptions

LOS ANGELES, Jan. 7, 2020 /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:

    --  Minimum liability coverage provides coverage for almost all scenarios
        when the car is damaged. 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.
    --  Carrying one or two policies will suffice. 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.
    --  The value of deductibles will not be relevant. 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.
    --  Red cars are charged more by insurance companies. 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