Insuring your car is an essential component of vehicle ownership, but it can be stressful, especially when you are new to the process. A lot of new drivers (and a fair number of experienced ones) get lost in the haze of common car insurance myths and end up paying too much for vehicle insurance.
Here are few prevalent car insurance myths that you should be aware of if you desire to save on car insurance:
Bright colored cars are more expensive to insure. It might be true that police might target a speeding cherry red hotrod more often than a speeding silver sedan. However, it’s not true that a vibrant colored vehicle will cost you more to insure.
When you lend someone your car, it’s under their insurance. False—if you lend your car to a buddy and they get in an accident, your insurance is still on the line since you are the car’s owner.
When your rate increases because of an accident or ticket, it’s locked in at this price. True, you’ll probably see a spike in price right after an incident, but this effect is NOT permanent. It’ll go back to normal in about three years if you go back to obeying the rules of the road.
At Randall Mitsubishi, we’re always happy to help our customers through every part of the car ownership experience. Visit us today to get those important automotive questions answered. You can also test drive a new Mitsubishi while you’re at it.