Dispel Top Myths About Car Insurance |
Posted: July 26, 2018 |
You’ve probably heard a lot of popular opinions about auto insurance in Fargo. Your parents may have taught you certain information and social media may contribute to other ideas. Much of the time, this information is inaccurate or completely false. Here are some top myths that need to be gotten rid of to help you get the best car insurance possible.
You Don’t Need to Be Insured If You Don’t Have Your Own Car
As a high school student or college kid, you may have been on your parents’ insurance policy because you drove their car. If you live in a city where you’ll be walking or riding the subway, you may think you don’t need insurance as long as you don’t own a car. This is one myth that could hurt you in a big way.
If you drive someone else’s car, you may need your own insurance unless you’re listed on their policy. A roommate lets you borrow their car which is insured and you get in an accident. The policy may be void if you don’t have your own insurance.
It’s also more expensive to get a policy when you buy a car if you haven’t had a policy before. Make sure you’re covered before you get behind the wheel of any car.
Your Rates Will Go Up If You’re in an Accident
This is another myth that’s not always true. Your rates don’t automatically go up just because you’re involved in an accident. If the incident was someone else’s fault, your insurance provider won’t penalize you for the claim. If you file a claim because of weather damage to your vehicle or an act of nature, it usually won’t go against you either.
Many insurance providers offer accident forgiveness for your first incident even if you are at fault. They also have a threshold where it won’t count against you as long as the expense is below a certain dollar amount.
New Vehicles Cost More to Insure
This myth can prevent people from buying a new vehicle when they need it because they think they can’t afford more car insurance. However, it’s often not true. Sometimes, your premiums will go down when you buy a new vehicle because of the safety features included.
If you switch to a safer vehicle, you’ll probably save money. For instance, an SUV may cost less to insure than a compact car. It depends a lot on the safety test ratings each model receives. If your new car ranks higher than your current model, you’ll probably see your premiums go down even if they vehicle is newer.
Before you fall for any of the information you’ve been told about car insurance and auto premiums, talk to a knowledgeable insurance agent. They can dispel any myths and give you a quote so you know exactly how much your coverage is going to cost you. They will also help you find ways to save money so you can get affordable coverage. FM Insurance provides excellent coverage for Fargo auto insurance area. Excellent rates and great customer service for all home, auto and business/commercial insurance needs.
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