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With regards to auto insurance cover, it pays to be knowledgeable. Understanding how auto insurance works can save you time, money in addition to hassle. From insurance coverage options to be able to deductibles, discounts and premiums, there's plenty to read. There's also plenty of car insurance policy myths distributing. Test your automobile insurance knowledge down below by quizzing yourself within the top 10 automobile insurance myths. Auto Insurance cover Myth #1: My auto insurance will vary dependant upon the colour of our car. FALSE. Although some individuals believe than a red car attracts a lot more attention, and as a result may bring about more visitors tickets, the color of your car possesses nothing related to determining your auto insurance premium. Instead, your credit standing is a vey important factor familiar with determine your automobile insurance rates, followed by your automobile's 12 months, make, model, body type, engine width, age in addition to driving record. Auto Insurance cover Myth #2: I'm the male within 25. I'm from the highest insurance policies rate bracket! FALSE. While it can be true that males under the age of 25 may perhaps pay more for auto insurance than their particular female counterparts, it's vital that you remember that will overall, teenagers and senior citizens generally fork out higher rates because they are at an increased risk regarding accidents. Auto Insurance Myth #3: Sometimes I use my car with regard to business needs. If I'm in a major accident, my personal auto insurance austin tx will still cover me. FALSE. If you are delivering pizzas part-time, occasionally carrying clients and also driving to be able to meetings, you must extend your car insurance policy coverage to add business use. If an accident occurs while for a business errand, your personal coverage probably won't cover an individual. Auto Insurance Myth #4: Help! I had one speeding ticket (as well as accident). My car insurance policy rates will certainly hit the roof! FALSE. Sometimes this is true, but many companies offer you "first time period forgiveness" - which means your 1st ticket as well as accident won't affect your auto insurance rates. It's more likely you do need not one but two tickets in advance of your prices increase. However, your driving history, how fast your were going and the length of time with your auto insurance company can in addition affect if your price increases. If you're cited in an automobile accident, it doesn't indicate that your own auto insurance austin will increase. Auto insurance companies generally conduct their very own investigations, and subsequently base its decisions on who was responsible for causing the crash. They will consider all of the facts, not only who ended up being cited for the accident. Auto Insurance Myth #5: My buddy borrowed my car and was in an incident. I need not worry since his auto insurance will cover the damages. FALSE. Even in case you aren't found, if your truck is in an automobile accident, you may very well be responsible. Also, there is a great chance that your auto insurance rates could be affected. Auto Insurance policies Myth #6: My car or truck is totaled. My car insurance policy company will certainly cover the purchase price to change it with a new one particular. FALSE. Read the policy closely. If your car or truck is totaled, most forms of auto insurance will simply cover the "actual cash value" of one's car -- not that replacement price tag. Then the idea becomes your own responsibility to pay the gap between your settlement and the cost of purchasing any comparable automobile. There are generally some automobile insurance companies that provide "Gap Coverage" to protect against the depreciation, but you will have to request the idea. If you're leasing an automobile, Gap Insurance cover is especially important. Due into the low book costs, chances are generally what you will still owe within the vehicle will not covered by the settlement. Auto Insurance policies Myth #7: I've moved, but Post already paid my car insurance premium.