What Are the Different Facts and Myths That Affect Car Insurance Quotes?

There are a lot of myths on what affect your car insurance and what affects car insurance quotes. Most of these myths are just that but for some of them, some truth lies beneath them. Before you make any decisions on what would make you purchase your car, check out these facts and myths and find out what truly affects your insurance.
- The color of your car can affect your insurance rates. Most drivers believe that the color of that car has some effect on your car insurance. This is false. Most people believe that the flashier the color the higher the rate. Although how “flashy” your car is can affect your insurance rates, color is not one of those factors. Information like your car’s year, make and model are used to price policies. Car color only affects the aesthetic look of your car and it won’t affect the performance or rating of your vehicle.
- Sports cars or high performance cars affect your insurance rates. While this may be true, holding to that fact that make, model and year have effects, it is not always the case. Most premiums and comprehensive insurance coverage are calculated by the car’s history. If it is often stolen and what the costs are when repairing or replacing the car. It doesn’t necessarily mean sports cars cost more. In fact, in recent studies, it showed that drivers of expensive but insured cars drive carefully because it caused more to repair the car.
- SUVs cost less to insure than other cars. It is a very common misconception that sports utility vehicles are easier and cheaper to insure. Tests, however, show that SUV generally cause more damage than regular passenger cars. Most SUV are built to stand most of the brunt force in crashes but it creates the most damage to the colliding vehicle because of the general weight and force it carries. Consider this fact when choosing the next car you purchase.
- Having custom made parts and modifications can increase insurance costs. This is true. Aside from the make and model, having custom made changes or customized parts can indeed affect your insurance cost. Most cars are scientifically made to be efficient and have a standard of safety to follow. Stock parts, although boring and simple are made that way to get the most of speed and efficiency while not taking away from the aesthetic look of the vehicle. Making changes to these parts either decrease the safety of the car or lessens its efficiency. Making engine modifications only increase the risk by adding “unnecessary additional speed” to your vehicle.
- Bulk insurance packages are cheaper for your car. Although most insurance companies advertise this, it is not always the case. For most cases, it depends on a lot of different factors. Having bulk packages only simplifies your insurance but it does not necessarily mean cheaper pricing. Check out websites of insurance companies and compare insurance quotes to be sure that you’re getting the deal that you want.