There are many different auto insurance companies, and each of them has its own set of policies and rules governing how they decide their rates. As a results, it’s not surprising that the industry seems constantly dogged by rumours. But if you’re willing to look for it, the real information is available, and in many cases the rumours are only half true or downright false. When you’re getting an Edmonton auto insurance quote, having a little bit of skepticism toward these rumours is always a good thing. If you need someone to help you sort through all of these complications, consider getting a consultation from a licensed professional.
Myth: Bundling insurance policies is an easy way to get lower rates.
Fact: Many people believe that getting car insurance through a company with which you have a different kind of policy is a good way to get a lower Edmonton auto insurance quote. It’s true that bundling can sometimes make things easier, and it can even have positive effects on your rate, but this is by no means always the case. Even when you’re considering bundling your insurance, it’s always a good idea to get an Edmonton auto insurance quote from several different companies.
Myth: Drivers over 25 always pay less.
Fact: When you’re applying for an Edmonton auto insurance quote, there are a number of things that the company takes into account, and age is just one relatively minor factor. The insurance company will also consider past claims history, vehicle safety information, and numerous other factors. Although there is a good chance that your rate will go down if you’re turning 25 in the near future, don’t be so certain. In fact, any number of other factors can actually drive your rate up. The only way to know for sure is to get an Edmonton auto insurance quote.
Myth: Insurers are allowed to charge anything they want.
Fact: It’s a common complaint of conspiracy theorists everywhere: Insurance companies charge whatever they want, and the government mandates that we pay these rates, which is just not fair. This is an understandable sentiment if you’ve ever had a bad car insurance experience, but the fact is that there is no conspiracy. In fact, the insurance industry is highly regulated, and lawmakers go to great pains to keep the business as customer friendly as possible.
Myth: Comprehensive car insurance covers everything.
Fact: The name “comprehensive” is a bit of a misnomer. In reality, comprehensive coverage is a supplemental tool that drivers can use to make their standard insurance more comprehensive. Specifically, rather than paying for collisions, comprehensive coverage helps drivers whose cars are damaged due to things like weather, fire, vandalism, or theft. In many cases, choosing the comprehensive car insurance option won’t make your Edmonton auto insurance quote go that much higher, so it’s often worth the price.
Myth: Rental car reimbursement pays for damages to rental cars.
Fact: If you get into a car accident in a vehicle that you’re renting, the “rental car coverage” in your insurance policy will not cover the damages. This coverage has nothing to do with cars that you rent on vacation, for instance. Instead, it reimburses you for the price of renting a car when the vehicle you own is in the shop for damages sustained in a collision.
