Finding the perfect car insurance policy can be a time-consuming task, especially for drivers who want to save money and secure the best deal available.
Recent data from Vertu Motors shows a significant increase in Google searches for queries related to car insurance costs and ways to obtain cheaper premiums. However, there are numerous misconceptions about reducing insurance costs that could potentially lead drivers into trouble.
To assist individuals looking to renew or purchase car insurance, experts at Vertu Motors have debunked some common insurance myths.
MYTH: Adding your parent as the main driver lowers the cost
Some new drivers may attempt to list their parents, who have more driving experience, as the main driver to lower insurance premiums. However, this is illegal and could result in severe penalties. Instead, consider adding an extra driver with a good driving record to potentially reduce your premiums.
MYTH: Rural locations offer cheaper premiums
Living in a rural area does not always guarantee lower insurance premiums. Factors like accident rates and road conditions can influence premium costs. It is important to provide accurate information on your policy and use your primary address for insurance purposes.
MYTH: Sticking with one provider is cheaper
It is advisable to shop around and compare different insurance policies to find the best deal. Regulations introduced in 2022 prevent insurers from overcharging existing customers at renewal, making it crucial to explore all options before renewing your policy.
MYTH: Black boxes do not always reduce insurance costs
Black boxes can help reduce insurance premiums for safe drivers by monitoring driving habits. Contrary to popular belief, black boxes do not impose curfews but track driving behavior to determine insurance rates. Responsible driving can result in lower premiums, while risky behavior may lead to increased costs.