Home » Blog » Car » Car Insurance Insights » 5 Car Insurance Myths You Should Stop Believing
Categories
Tags
animal welfare
breed profile
buying a car
buying a pet
Car
car accessories
car care
car features
car insurance
Car safety
car sales
car service
cat
cat behaviour
cat body language
Cat Breeds
cat food
cat insurance
comprehensive car insurance
Dog
Dog Behaviour
dog body language
Dog Breeds
dog food
Dog Insurance
dog training
eco friendly cars
Kitten
New Car
pet accessories
pet activities
Pet Adoption
pet breeders
pet days of the year
pet fun stuff
Pet Health
pet insurance
pet parenting
Pet Safety
pet services
Puppy
rescue pets
road safety
road trip
safe driving
Recent Blog:
Facebook Posts
14 hours ago
🐶📐 Choosing the Perfect Crate Size for Your Furry Friend? Check out our helpful guide for finding the ideal dog crate dimensions. bit.ly/48TE9Rt
... See MoreSee Less
Dog Crate Sizes: How to Pick the Right One
Pondering the right dog crate size? Take your time - your pup's crate is more than just a box with bars. It's their personal den, their safe space where2 days ago
When it comes to car accidents, prevention is better than cure!
... See MoreSee Less
5 Defensive Driving Skills You Need to Know
Safe driving is defensive driving - because anticipating danger on the road is key to safety. Driving skills are about more than just knowing the road4 days ago
Could you get $6,000 off your electric car purchase? Australia varies by state and territory when it comes to EV rebates - so we've created a guide to help ensure you don't miss out on saving big when buying an electri#electriccarl#evriccar #EV
... See MoreSee Less
What Electric Car Rebates Can You Get Across Australia?
Depending on where you live, an electric car rebate could get you as much as $6,000 off your purchase. Why? The government rebate for electric cars inThere are so many car insurance myths floating around that we know it can be difficult to get your head around what’s real and what’s not. There’s so much info out there that, unsurprisingly, sometimes we’re tempted to simply go with the brand we’re most familiar with. Or the one our friend has their car with.
Or, maybe just the cheapest comprehensive car insurance quote without really knowing what you’re getting for your money.
Sound familiar?
Why you should know about car insurance myths
It’s worth taking the time to understand what factors influence your insurance premium. Plus, you want to know the ins and outs of your car insurance policy so you’re not caught by surprise if you need to claim.
So if you’re not sure what car insurance myths should be believed and which are simply urban legend, read on…
“The colour of my car changes my insurance premium”
The car colour insurance myth is one of the oldest around. It says that cars with ‘loud’ colours (like red) are more likely to get stolen than cars with discreet colours, such as grey or white. Others say some car colours are more noticeable on the road so less likely to be involved in a crash. Is it true? Well, actually – yes, to some degree. The safest car colours tend to be white and light.
But does it actually change your car insurance premium, or is that a total myth? All insurers will increase your premium if you have a custom paint job, because they’ll be liable for replacing the whole car. But when it comes to a standard, showroom floor colour then some of the best insurance providers – like PD Insurance – are colour blind. Across the industry in general, other factors are more important than car colour.
At PD, your premium is calculated on factors such as driving record, car make, mileage, and safety features. We also look at how much it will cost to repair or replace the car in the event of an accident.
“My car insurance covers mechanical repairs”
Another common car insurance myth is that it covers you for absolutely evvvverything. Many new drivers are under the impression their comprehensive car insurance will cover ongoing mechanical repairs. The truth is, your insurance will most likely not cover mechanical failures.
Make it a point to find a mechanic you can trust and be sure to take your car in for regular services and stick to a proper car servicing checklist. Ongoing care and maintenance is important to avoid costly repairs further down the road.
It also pays to learn how to do some basic repairs yourself as well as conducting simple upkeep such as doing a monthly oil check. A few minutes of time can make quite the difference.
“Thieves steal new cars. I don’t need insurance“
A misconception about car theft is that thieves are only after new cars. Not true – car love knows no bounds with the criminal type.
In reality, thieves are more likely to steal older and more trustworthy vehicles because there’s a large demand for their parts. A newer car has been in the market for less time and so the demand for its parts has not grown to the extent of that for older cars.
So, even if you are driving a second-hand car, you might want to consider comprehensive car insurance. Usually, you’ll have some insurance coverage for theft included within a policy like this – but always check the fine print!
“CTP insurance covers damage to my car.”
Compulsory third party insurance (also known as CTP or green slip) is mandatory for every car driver in Australia and is typically included in the cost of car registration. It’s the most basic insurance you can get as a car owner. Often, young drivers and insurance newbies think CTP covers everything – but that’s one of the most dangerous car insurance myths out there.
CTP only covers the damage or injury your car causes to another person. So in an accident, this means you won’t have to pay out of pocket for damage caused to another person. But the cost of the damage you cause to your own car won’t be covered. Comprehensive car insurance policy gives you much wider coverage and means your own car is covered too.
“Belongings in my car are covered by insurance”
Hands up if you often leave valuables inside your vehicle. Thought so. It’s something most of us do from time to time – life’s busy and it’s easy to forget. Leaving a laptop in the boot while you pop into the shop, or an expensive sporting item between practice sessions isn’t uncommon.
But most car insurance policies don’t cover personal property like mobiles, handbags, and laptops. Further, valuables left inside a vehicle make your car more vulnerable to theft. Even if you’re just running a five minute errand, take important belongings with you.
Better safe than sorry.
Fact, not myth: you can save on car insurance
You can help yourself save money on your car insurance premium by equipping yourself with facts. Oh, and if you always wanted to know whether women really get cheaper car insurance, we’ve got the answers to that too.
If you have questions about your policy then it’s best to talk to your provider to set the record straight. If they can’t answer your questions then look elsewhere. And if you’re taking out a new comprehensive car insurance policy, it’s always best to shop around. This applies whether you’re focused on the cheapest car insurance, the best value, or being covered for particular aspects.
Why not check out PD Insurance while you’re at it? We offer affordable comprehensive car insurance and pride ourselves on straightforward, no-nonsense policies which are designed to help you. Not confuse you!
Click below to get a quote for award winning car insurance.
Share On: