Five misconceptions about Car Insurance
The all risks insurance is always the best option
A fairly widespread among drivers is to keep the car insured against all risks for long periods of time. However, when the vehicle is a certain age, usually it after five years, the full insurance begins to have less sense. If you have an accident, if repair the car exceeds approximately 75% of its value, normally the insurance companies assume that it is not worth repairing the car, and indemnify the insured for the amount corresponding to the value of the car at the time. Given the sharp depreciation that you have a car with the passage of time, there comes a time when it is not worth paying the high premiums of a policy covering all risks relating to possible compensation. So, to achieve significant savings without losing an adequate level of protection, you should be adapting the level of insurance coverage as the years progress by introducing, for example, a franchise or going to a third party policy with specific coverage of moons, theft or fire.
2. Cars bright colors, like red or yellow, have higher premiums
This belief can be considered the "queen" of the urban legends regarding car insurance. The reasons invoked by those who wield is that insurers automatically associate these colors with youth and aggressive driving. According to Mario Brüggemann, AsesorSeguros.com CEO, "is one of the more common questions among those interested in purchasing insurance. It is rather paradoxical because none of the insurers compare today sees the color as one of the variables that decide the premium, while the technical characteristics of the car and driving history are indeed crucial to the ultimate price. "
3. The extras you add to your car insurance automatically included in the
In recent years it has become fashionable, especially among younger people, add extra elements to the car: design lamps, tinted glass, powerful stereos, GPS ... There are endless possibilities and combinations for car owners make your vehicle unique.
Those who like to customize their cars tend to invest a considerable sum in this hobby. However, it always takes into account the fact that most insurance companies require that these facilities do not come standard to be specifically declared the policy to being covered and, depending on the value, plus the cost of insurance will increase.
4. To report an accident is always a bonus increase
Give an accident may increase the price of annual renewal of the policy change it ... or not at all. Even having been a party may, by recalculating the annual insurance fee, the fine is reduced. This is because depending on the number of parts as declared by the insured, the circumstances and severity of each incident, the level of subsidy may not be affected. What is clear is that a safe and responsible driving is the best guarantee for cheaper insurance. In fact, there are some insurers that allow up to three parties a year without involving a penalty in the premium.
5. Hire car insurance and home to the company will always be cheaper
Currently, there are a variety of insurance companies and numerous articles or aspects of our lives that require insurance. The easiest way, though not necessarily the best, is to hire all these services with one company. However, it is shown that each entity has its degree of specialization in a particular segment. Thus, an insurer may have the most competitive price insurance for a Ford Focus to a driver under 30 years, but instead be much more expensive than other options for coverage of a BMW 3 Series a major driver 50 years or, for example, a home insurance. The most effective way to save is to investigate and compare all potential market
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