If there is one thing that all drivers can agree on, it is that insurance in the UK is expensive, to say the least. Most drivers will be on the lookout for different ways that they can reduce their premiums without reducing their coverage. However, on their quest to do this, they may come across misinformation. This is because there are lots of myths about car insurance, which is why we are going to debunk them. So, let’s take a look…
Adding another driver will lower my premiums – This used to be an effective move in terms of lowering premiums. However, it is not as successful anymore because insurers cottoned onto the idea. It is known as fronting.
If I don’t claim, my premium should either go down or stay the same – A lot of people believe this, and then they are perplexed as to why their quote changes so often, and sometimes not for the better. So, why do car insurance quotes change so often?
This is because there are many different factors that can impact your insurance premiums, from the make and model of your vehicle to your driving and the security of your vehicle. Something that may seem minor, for example, moving home, can have an impact on your premiums because the insurer may think that your car is now in a more dangerous or exposed location.
Paying monthly is a cheap way to spread the cover – Paying monthly can be better because it is more manageable. However, if you have the money available to pay per year, it is better to do this because you will pay less overall.
Black box policies have a curfew – Many drivers do not want to choose black box policies, despite their cheaper price, because they do not want to have a curfew. This is something you do not need to worry about. In the early days, black box policies did have curfews, but this is no longer the case. Insurance providers have moved on and they now base their premiums on driving behaviour, rather than what time of day or night you drive.
You can drive any car with comprehensive cover – This is a myth that could leave you on the wrong side of the law. While some comprehensive policies do offer this, it is not the case for all of them, so make sure you read the terms and conditions carefully.
So there you have it: some of the most common myths about car insurance today. Hopefully, you now feel more prepared in terms of finding the best car insurance deal for you. After all, the last thing you want to do is believe one of the myths that are floating around at the moment and then inadvertently driving up your insurance costs as a result.