Do You Believe Any of These Unfounded Myths About Car Insurance in California?

Consumers may feel perplexed when it comes to auto insurance. Many automobile owners, according to consumer studies, are unaware of what sort of insurance they require or the differences between various policies. We’ve compiled a list of pointers and frequent misunderstandings to assist you in selecting an insurance that’s suited for you and your family.

Myth: The price of motor insurance is determined by the color of the covered vehicle

Car insurers are more concerned with the make, model, year, body style, engine capacity, and in some cases, the location of the vehicle (i.e. street parking vs. garage).

Myth: If you don’t report an accident, you can protect your rates from rising

If you are involved in an accident, the other person may make a claim for damages or injuries against you and your insurance carrier. It’s possible that your rate will rise as a result of this. Furthermore, if you received a ticket as a result of the collision, it will appear on your driving record and may result in a premium rise.

Myth: Car insurance is more expensive for seniors

False– Drivers over the age of 55 may be eligible for lower insurance premiums (if they successfully complete an accident prevention course). Furthermore, you may be entitled for a reduction of up to 5% if you are no longer working and driving less.

Myth: Insurance coverage can be cancelled at any moment by the insurance company

Insurers cannot terminate a policy in the midst of a term unless they have a good cause to do so.

Myth: There is no way to reduce your premiums other than to wait until you’re older

Insurance costs can be reduced by a student with high grades, minimal car mileage, and combining auto, home, and other policies. When shopping around for insurance, make sure to constantly inquire what savings are available.

Not a Myth: Your insurance rates are influenced by your credit score

Your credit score reflects how effectively you handle your money. When acquiring or leasing a car, many firms look at this number, and it is a major element in determining your insurance costs. Note that California solely considers married status when calculating rates. In Los Angeles, customer premiums are also affected by income.

For a free consultation, call The Law Offices of Larry H. Parker now at 800-333-0000 if you or a loved one has been harmed in a vehicle accident due to no fault of your own. You may also submit your case via our website and receive a 10% discount. Our skilled automobile accident lawyers are here to assist you and fight for you during this trying time.