The world of auto insurance and auto insurance policies can be difficult to navigate.
It does not help that there is a fair amount of misinformation that most individuals assume is fact circulating among motorists.
For example, one of the most common myths about car insurance is that the color of your vehicle affects the amount of money that you will pay in insurance premiums.
However, most insurance companies only take into account the make and model of your vehicle.
You will find that on most insurance applications, the color of your come is not even inquired about.
Another common misconception about factors that motorists believe will affect their car insurance rates is the fact that thieves prefer to steal newer models of cars.
MSN Autos, each year, gathers statistical information about the cars that are most commonly stolen in the United States.
In the last five years, there has not been a vehicle of the same year of the list's publication that is actually on the list.
The market for used parts for older vehicles is a healthy one, and this is the most common motivation for the theft of older vehicles.
Misconceptions about car insurance can also adversely affect the types of car insurance that a motorist purchases.
For example, many motorists believe that if their car is totaled in an accident, their liability or comprehensive coverage will automatically pay off the balance of a loan or lease that is owed on a vehicle.
In reality, this is not true.
Unless you have gap insurance coverage, you will be responsible for paying the remaining balance owed on the vehicle out of pocket.
If you are in the market to purchase a new vehicle, it will behoove you to perform your research.
Many motorists mistakenly believe that those who drive sports cars are more likely to pay higher insurance premiums because they are more likely to receive more tickets.
The opposite is actually true in this case.
Drivers who own Hummers or Mercedes are statistically more likely to receive more tickets than those who own sports vehicles.
It does not help that there is a fair amount of misinformation that most individuals assume is fact circulating among motorists.
For example, one of the most common myths about car insurance is that the color of your vehicle affects the amount of money that you will pay in insurance premiums.
However, most insurance companies only take into account the make and model of your vehicle.
You will find that on most insurance applications, the color of your come is not even inquired about.
Another common misconception about factors that motorists believe will affect their car insurance rates is the fact that thieves prefer to steal newer models of cars.
MSN Autos, each year, gathers statistical information about the cars that are most commonly stolen in the United States.
In the last five years, there has not been a vehicle of the same year of the list's publication that is actually on the list.
The market for used parts for older vehicles is a healthy one, and this is the most common motivation for the theft of older vehicles.
Misconceptions about car insurance can also adversely affect the types of car insurance that a motorist purchases.
For example, many motorists believe that if their car is totaled in an accident, their liability or comprehensive coverage will automatically pay off the balance of a loan or lease that is owed on a vehicle.
In reality, this is not true.
Unless you have gap insurance coverage, you will be responsible for paying the remaining balance owed on the vehicle out of pocket.
If you are in the market to purchase a new vehicle, it will behoove you to perform your research.
Many motorists mistakenly believe that those who drive sports cars are more likely to pay higher insurance premiums because they are more likely to receive more tickets.
The opposite is actually true in this case.
Drivers who own Hummers or Mercedes are statistically more likely to receive more tickets than those who own sports vehicles.
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