Shopping around to induce the most effective insurance quote is one in all the most effective ways that to save lots of cash on
Myth 1: You’re mechanically insured to drive different cars if you've got a comprehensive policy
This may be the case on some policies, however, it doesn’t apply on every occasion. Driving-other-cars (DOC) cowl is unlikely to be extended to the under-25s, and will additionally depend upon your occupation.
Myth 2: Your renewal worth is bound to be cheaper than the costs your underwriter offers to new customers
Sadly this isn’t the case. Renewal premiums and premiums for brand spanking new customers area unit usually calculated otherwise. That’s why it’s price scrutiny costs on every occasion – you may be ready to grab a lower-priced policy as a brand new client.
Myth 3: Garaging your automotive means that cheaper premiums
Oddly enough, this isn’t continuously the case either. In some cases, an automotive put during a garage nightlong is riskier than parking it calls at the road. This is all the way down to statistics – it might be that a specific space contains a higher variety of accidents because of individuals touch they're automotive whereas parking during a garage.
Myth 4: Driving for business use means that higher premiums than social or traveling use
This isn’t continuously true. those that use their automotive for business could have
Myth 5: Once you reach twenty five your premiums fall dramatically
It’s the golden age for young drivers all over – once you hit twenty five, you suddenly get low-cost insurance. Right?
Sadly, this isn’t the case. though age may be a key consider understanding costs, it’s only 1 of the many factors that frame what quantity you pay.
Myth 6: Third-party cowl is cheaper than comprehensive
It stands to reason that if you've got a downgraded level of
Nope. Some insurers have raised premiums for third-party solely or third-party, hearth and stealing cowl owing to the quantity of higher-risk drivers UN agency sign in for these types of policy.
Myth 7: Non-fault claims won’t have an effect on your payment
This is a weird one. You’d suppose that if associate accident wasn’t your fault, then the opposite person’s insurance would go up, not yours.
In fact, statistics show that when having a non-fault claim you're additional possible to own a fault claim shortly when.
Myth 8: You’re continuously bonded a courtesy automotive if you've got associate accident
A courtesy automotive is probably going to be subject to accessibility. And in most cases it’s solely offered if the automotive is serviceable and brought to associate insurers’ approved mechanic.
If the automotive is purloined or written off, a courtesy automotive isn’t continuously provided. At this time, you will would like you’d chosen self-drive as associate add-on once disposing of the policy.
Myth 9: I don’t
got to tell my underwriter regarding convictions that aren’t on my licence any longer
Most insurers raise if you’ve had any convictions among the last 5 years. In some cases the conviction may not be valid, however you continue to got to declare that to your underwriter – eg dashing convictions that area unit spent when four years.
Myth 10: Your insurance covers you for any accident that you just cause
Usually, however not continuously. If you crashed and were condemned of drink-driving, your underwriter would be possible to show down your claim.
The same applies if you were negligent or caused the harm purposely.
source: The top 10 car insurance myths