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Don't make these common car insurance assumptions



  Common car insurance assumptions - Alan Galvez insurance - Bellefontaine Ohio car insurance If I buy a red car, my insurance will be more expensive

No. Color does not affect how much it costs to insure the car. Although it seems that the majority of high performance sports cars are also red. And these types of cars lend
itself very good for fast tickets. So it seems to be a happy coincidence if anything.

When I pay for my car, my car insurance premium will change

Unfortunately, no. The mere fact of simply paying off your car and removing the pension right has no immediate effect on the premium. But if you decide to release comprehensive
and / or collision coverage at that time, then your premium would decrease.

When you say that my car and home insurance is "aggregate", would a claim against one affect the other? When insurance people refer to car and home insurance "pooled", we usually mean the same insurance company. They still usually have separate policies, so if you have a claim on your auto policy, it only affects that policy.

I have up to 30 days to add a car to my car policy

This will be a little more technical, but we have made the heavy lift for you and reviewed our three main company policy agreements. In our review, here is what the most restrictive said (I take the liberty of adjusting the policy language to use only the above three terms – it just makes it easier for you):

For liability insurance to apply to a newly acquired car, you must ask us to insure it within 14 days after you become the owner.

For comprehensive coverage to apply to a newly acquired car, you must ask us to insure it: Four days after becoming an owner, unless you have extensive coverage for at least one vehicle in the policy; 14 days after becoming an owner, if you have extensive coverage of at least one vehicle on the policy.

Collision coverage has the same rules as comprehensive. Otherwise you have NO coverage.

30 days were never mentioned. History's sense of morality? Contact your insurance agent as soon as possible to add your car to your insurance.

The dealer said they would contact my insurance agent, so I don't need to do anything else?

We would like to think so. In fact, some retailers do not call. We have had a handful of situations where the dealer never called. They insured that everything was fine until their ID card never came. That was their first clue. The first was a phone call to us with the question of where their ID card was, followed by surprise and then fury.
At the end of the day, it is YOUR responsibility to make sure we know about your new car. A quick call or message to your agent asking if they got what they needed to add to the car is all that is needed.

Otherwise, you may end up in a very bad place (meaning NO coverage) per our discussion in the previous paragraphs.

Your personal auto policy covers you if you drive the car for business

Many drivers mistakenly believe that if they use their regular car for business purposes they will be covered by their regular policy. However, many personal auto insurance policies have exceptions for incidents that occur while the vehicle is being used for business or commercial purposes. So it is very important to contact your insurance provider and determine what type of coverage is available to protect you in the event of an accident occurring while performing professional duties.

If someone else drives your car they are responsible for accidents

State laws vary, but usually it is the insurance of the person who owns the car that is mainly responsible in the event of claims. Usually the driver's insurance is responsible for
The owner of the car has no insurance, but this is generally secondary. So when you lend your car to someone, you also lend your car insurance.

I have "full coverage" insurance. In any case, I cover

"Full coverage" is NOT a real insurance period. Most often when people say "full coverage" they say they have extensive coverage and collision.
The concept is also misleading as it makes the car insurance policy sound like it covers everything. And no car insurance protects against everything.

My credit has nothing to do with my car insurance

Many people are surprised to find that their credit score can affect their car insurance. On the surface it may seem that these two things are not related; In the eyes of the insurance companies, however, a good credit score is usually illustrative of responsible behavior, while a low credit score can be a red flag that the person is irresponsible or reckless in general. Thus, getting a good interest rate on your insurance is just one more reason to keep your credit score in good working order.

Questions? Call us at (937) 592-4871 or contact us through our website . We are car insurance specialists in Ohio and can help you- begin your quote request today !


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