Ferguson Insurance Center
  • Home
  • Personal Quote
  • Business Quote
  • Refer a Friend
  • Service
    • Insurance Directory >
      • Workers Compensation
      • Vehicles >
        • Auto Insurance
        • Boat Insurance
        • Motorcycle Insurance
        • RV Insurance
      • Business >
        • Commercial Insurance
        • Business Insurance
        • Insurance Bonds
      • Property >
        • Home Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Other >
        • Umbrella Insurance
    • Make a Payment
    • Report a Claim
    • Free Consultation
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Give us feedback
  • About
    • Client Testimonials
    • Insurance Carriers
    • Blog
  • Contact

6 Car Insurance Myths Debunked

2/22/2018

0 Comments

 
Picture
Myth 1: Red cars cost more to insure

Busted: It's OK if your little Corvette is red or your big Cadillac is pink. Color has no impact on your car insurance price. Custom paint jobs are another story—if you paint your vehicle, be sure to add the optional coverage "custom parts and equipment" to your policy.
Also Read: 4 Car Insurance Mistakes That Could Cost You Big Time

Picture
Myth 2: Comprehensive coverage is the same as full coverage

Busted: While the word "comprehensive" might imply you have everything you need, the coverage only protects you from things out of your control like theft and vandalism. It will not cover you if your vehicle collides with another car or object.

Also Read: ​How to Get Cheap Car Insurance For Teens

Picture
Myth 3: Cheap cars cost less to insure

Busted: If your cheaper car has a large engine, weighs a lot, or is an unusual model, it might cost more to insure than a more expensive small car. However, if you have a cheaper car, you will usually pay less for comprehensive coverage.

Read: Top 10 Most Affordable Cars of 2018

Picture
Myth 4: Personal auto insurance covers my vehicle for business use

Busted: Although you're typically covered by your personal policy for business errands, a commercial auto policy will be required if you're using your vehicle for delivery services or transporting passengers for a fee. You may also need commercial auto insurance for certain vehicle types.

Picture
Myth 5: Insurance companies pull credit for quotes and then my credit takes a hit

Confirmed, then busted: Yes, insurance companies may view your credit report to provide the most accurate quote. However, it is a soft inquiry only, meaning your credit score will not be affected in any way. You could quote hundreds of insurance companies in one day, and your score will never change.

Picture
Myth 6: My rate will decrease when I turn 25

Confirmed: You are likely to see a decrease in price when you turn 25, assuming all other factors remain the same. Typically, the biggest rate drops come at 19 and 25. As drivers gain more experience, they're less likely to be in an accident. But, these savings can easily be cancelled out by a poor driving record or other factors.

Picture
0 Comments



Leave a Reply.

    Contact Us
    Toll Free +1 (888)258-8808 Phone +1 (757) 201-3000


    Address

    1407 Stephanie Way
    Suite A
    Chesapeake, VA 23320​
    Click Here to Email Us


    Archives

    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    May 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    Flood Insurance
    General
    Home Based Business
    Home Insurance
    Landlord Insurance
    Renters Insurance
    RV Reviews
    Workers Comp

    RSS Feed

Licensed in Virginia, Georgia, West Virginia, North Carolina, South Carolina, and D.C.


Navigation

Homepage
Personal Quote
Business Quote
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Call Us

Toll Free +1 (888)258-8808 Phone +1 (757) 201-3000

Contact Us

Ferguson Insurance Center
1407 Stephanie Way
Suite A
Chesapeake, VA 23320

Click Here to Email Us

Location

Website by InsuranceSplash
  • Home
  • Personal Quote
  • Business Quote
  • Refer a Friend
  • Service
    • Insurance Directory >
      • Workers Compensation
      • Vehicles >
        • Auto Insurance
        • Boat Insurance
        • Motorcycle Insurance
        • RV Insurance
      • Business >
        • Commercial Insurance
        • Business Insurance
        • Insurance Bonds
      • Property >
        • Home Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Other >
        • Umbrella Insurance
    • Make a Payment
    • Report a Claim
    • Free Consultation
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Give us feedback
  • About
    • Client Testimonials
    • Insurance Carriers
    • Blog
  • Contact