Once and for all let’s bust these myths about car insurance quotes. Believe it or not there are some people who believe in them and when you ask them why, they just shrug their shoulders and say that’s what their momma told them! If you want to get the best deals out there, you better not jump into a pool of senseless myths.
-The Color of your Car Affects your Insurance Rate
Forget about what your superstitious neighbor told you that the color “Red” is prone to accidents. The car’s color is never a basis for the computation of your premium rates. It doesn’t matter if your car is blue, silver, black, white, pink or red, your insurance rate for that make and model of car will always be the same. Where does this myth come from? Maybe it’s from the notion that the color red portrays being wild and reckless. This is not true at all which is why insurance companies are unlikely to ask about the color of your car when calculating your car insurance quotes.
-Parking Tickets and a Speeding Ticket will Make your Insurance Rates Go Up
First of all, parking tickets by themselves do not actually count against your driving record or your insurance for that matter. What could affect your rates are unpaid fines that can impinge on your ability to renew your driver’s license or worse license suspension. What about a speeding ticket? In general, your first minor speeding ticket (50 km/h max over the speed limit) will not affect your insurance rate. However, if you get two or three, there’s a higher chance that you’ll be paying more so you better be careful all the time if you don’t want a hefty price tag on car insurance quotes.
-Cheaper Cars cost Less to Insure than Luxury Cars
This is not always true! The premium you pay is based on a lot of factors including the price of the car, repair costs, theft frequency and vulnerability, your age, driving history and previous claims. Premiums are always carefully computed so it’s difficult to generalize the rates.