When it comes to insuring your car, many myths are floating about what people think is real. Because they believe in these myths, it affects people’s decisions when searching and deciding on car insurance policies, but it shouldn’t.
Below are some common-busted myths surrounding car insurance. With these myths exposed and corrected, you should be able to choose a quality insurance provider who can provide you the best insurance policy for your needs.
Comprehensive Insurance Is Always The Best
Many people think that a comprehensive insurance policy, or first-class insurance, is always the best so you should choose this. However, it is not always the case and it still depends on the car you are driving – how old the vehicle is and its condition, and how often you drive the vehicle. If you do not drive your vehicle a lot but still want excellent coverage, a second-class insurance policy or ประกัน ชั้น 2 in Thai may be the best option for you and can save you money.
It Is Best To Stick With My Current Insurance Company
Many people are lazy when searching for their car insurance and let the automatic renewal go through without questioning it. There is a myth that it pays to be loyal, and you can get a more significant discount, but this is not true.
You will always want to shop around for your car insurance, and you will find that you can always beat the renewal quote your insurance provider gives you. Put the internet to use and see how much you can save on your insurance policy by shopping around, rather than sticking with the same firm every year.
The Premium Price Will Not Go Up If I Do Not Claim
Many people are also under the illusion that their premiums will not go up if they do not make an insurance claim. However, even when you do not make a claim, the automatic renewal price of your policy will increase, as this is standard within the industry.
You can shop around and get the best deal possible, and you can always go back to your current provider to see if they can match or beat the quote you have received if you are keen to stay with them.
No Claims Bonus Protection Will Stop Premiums Increasing
Another common myth is that when you have no claims bonus protection, and you make a claim on your policy, it will not affect the premium when you come to renew. However, this is another myth that is not true, and you will find even if the accident was not your fault if you stick with the same company your premium will most likely rise.
Paying My Insurance Monthly Is Best
You will find that most insurance companies will allow you to pay for your premium either in one lump sum or a monthly charge. Many people opt for the monthly payment as it is convenient for them, but it also costs them more money. The insurance company charges you more when you pay monthly, and you can usually make a considerable saving by paying your policy in one payment.
If you are looking for the best deal on your insurance policy, always choose to pay in full upfront, and you can save yourself some money on the cost of your vehicle insurance.