Car Insurance News

It is now a topic of discussion among car owners that there is discrimination happening among car insurance companies. Women’s car insurance has a tendency of being cheaper than those car insurance for men especially those for young women. The reason for this is that insurance companies believe that the driving habits of women are different from those of men’s. That is why they consider female drivers to be of lower risk. In general, women drive more carefully, slowly and cover only shorter distances compared to men so that their chance of getting involved in a major accident is lesser.

Funny as it may sound, but there really are some car insurance myths that have been passed on like urban legends and have been taken as fact. It is time to set the record straight to help you get the best car insurance protection for your investment.

In no particular order, here are some common car insurance myths:
1.Red cars mean higher premium payments.
2.If you get one speeding ticket, your premiums will go up.
3.There is no regulation of the car insurance industry.
4.I do not need add-op options for my policy.
5.The cheaper my car, the lower my premiums.
6.It is not my responsibility if someone is using my car and he causes an accident.
7.The older my car gets, the lower my premium.
8.A smoker needs to pay higher premium.
9.My premium should be the same as my neighbor�s.
10.My premiums will drop when I reach the age of 25.
11.Comprehensive coverage means it covers all situations I am involved in.
12.Rental Reimbursement coverage will protect me when I crash my rental car.
13.Getting all my insurance from the same company guarantees me a lower premium.