Cars are confusing. There’s no doubt about that.
Although millions of people across the world are experienced drivers, very few people know the ins and outs of a vehicle’s mechanics.
They are aware of how to control the clutch or change gears. They might even be clued up on how to change the car’s fluids. But most people have no idea where to start when it comes to changing the brake pads or replacing a tire
The same can be said for car insurance.
Everybody who drives has had to sign up for an insurance policy and they know that it covers them in the event of a crash, but their knowledge only goes as far as this. Most people don’t chat with the Car Insurance Specialists to learn more about their policy, so they hold a lot of beliefs about their insurance that might not be true.
There are a lot of common misconceptions about car insurance and wrongly believing some of them can come back to bite you in the future. You should be able to distinguish fact from fiction so that you don’t end up overpaying or getting in any legal trouble.
Here are some of the most common car insurance myths and a breakdown of why they’re false. Keep these in mind when you renew your policy to save yourself time and stress further down the line!
Myth 1 – Each Year, My Car Insurance Will Decrease
Although your insurance often decreases the older you get and the longer you’ve been driving, this is not always the case.
Your insurance is determined by a range of factors. This includes your age and experience, but also the type of car you drive, your location, your occupation, and whether or not you’ve had any claims.
When you reach a certain age, insurers may see you as a higher risk driver and your premiums might start to increase.
If you have had an accident since the start of your current policy, your insurance is likely to increase when you renew the year later.
Most insurers have a maximum no claims bonus too. This is usually two years and it means that the discount that your no claims bonus provides to your discount is limited to this time period.
Myth 2 – Comprehensive Cover Allows Me to Drive Any Car
Although comprehensive car cover is more extensive than other options, it doesn’t give you the legal right to drive any car. This might be a feature in some comprehensive insurance policies but it’s not very common.
You should always check your policy before getting into the driver’s seat of another person’s car. Driving somebody else’s car usually doesn’t apply to under 25s and it may be dependent on your occupation.
Myth 3 – Your Insurers Cover You For Every Car Accident
Insurance is there to cover you in the event of most accidents, but not all of them.
For example, if you’ve been caught drink driving and you crash, it’s unlikely that your insurers will pay for your damages. Similarly, if you have been purposely driving recklessly and crashed your car into a tree, you probably won’t be covered.
