Car insurance myths debunked

While the internet enables us to find information quicker and easier than ever before, it has also given rise to a lot of so-called ‘experts’ and misinformation. So take a look at some of the common car insurance myths you need to stop believing:

It is best to let your policy automatically renew every year

There are no prizes for remaining loyal when it comes to auto insurance. If your policy is due to run out soon, you would definitely be better off doing a car insurance comparison to see if you can find a cheaper deal elsewhere.

Black box policies have a curfew

A lot of people overlook black box policies because they believe that they will not be able to drive after a certain time. This is not the case. When black box policies first came out, there were a few that operated in this manner but times have moved on. Insurers now base their premiums on factors relating to driving behaviour, for example, accelerating, braking, speed, and mileage. For young drivers, black box policies present an effective method for reducing your premiums.

You can drive any car with comprehensive cover

There is a huge misconception that you are automatically covered to drive someone else’s car if you have comprehensive cover. While some of these policies will offer third party liability, it is not a given. You need to check the terms and conditions relating to your specific policy before you drive someone else’s vehicle.

You don’t need to pay excess if the claim was not your fault

If you can prove the claim was not your fault, you will get the excess waived. However, you will usually have to pay it first and then it will be sent back to you.

So there you have it: some of the most common car insurance myths debunked. Hopefully, you now feel like you have a much better understanding regarding what does and does matter when it comes to auto insurance, as well as the different factors you should consider when purchasing.