Choosing Better Insurance Coverage

Few things are more important than having the right insurance coverage. About ten years ago, I was involved in a near-fatal crash where I experienced traumatic physical and emotional injuries. It was really challenging for me to endure the hospital stay and subsequent physical rehabilitation, but with the help of my medical team and my insurance company, I was able to overcome the challenge and completely recover. This blog is all about the importance of choosing the right insurance plan so that you can get on with your life and enjoy those precious years with your family and your friends.

3 Misconceptions About Auto Insurance

Insurance Blog

Understanding the ins and outs of auto insurance can be challenging enough without adding in the wrong information. Some auto owners miss out on savings by not fully understanding their auto insurance policy and the provider. To help you get the most benefit possible from your insurance provider, it is important to know the truths behind some of the misconceptions about coverage. 

New Cars Automatically Receive a Higher Premium

Although it is true that having a newer car can sometimes result in a higher premium than if you have an older car, there are some exceptions that could result in savings for you. When insurance companies evaluate cars to determine how much the premiums should be, they look at a range of factors. Depending on certain factors, it is possible for a newer car to score a lower premium.

For instance, a new car equipped with the latest safety features and that has a high safety rating from the auto industry could net a lower premium than an older model sports car with few safety features. 

Insurance Covers the Entire Cost of Replacing a Totaled Vehicle

Following an accident, some car owners mistakenly believe that they will receive enough compensation to cover the cost of replacing the car. In actuality, you will receive the market value for your car. The market value factors in the car's year, model, and condition prior to the accident. 

The insurance adjuster will assess your car and determine what the worth is. If you do not agree with the amount that you are offered, you can file an appeal with your insurance provider. 

Only Your Driving History Matters

One of the biggest misconceptions about auto insurance is that the insurance company only evaluates your driving history to determine how much your premium should be. Although your driving history is important, there are many other factors that are considered. 

For instance, your age and credit score, the neighborhood in which you live, and the safety rating of your car will be considered. You can lower the amount you are quoted by taking advantage of discounts. Discounts vary by provider, so talk to an agent to find out which ones would apply to your particular situation. 

There are other misconceptions that can prove to be costly to you while searching for new auto insurance. Consult with an agent to learn more about the coverage available to you and to learn more about the realities of insurance. To get started, check out websites like


8 July 2016