Popular Car Insurance Myths Debunked!

Almost every man desires to purchase a car once in their lifetime. It happens to be one of man’s prized possessions because it is an expensive asset. To ensure that your vehicle remains financially protected, it is mandatory to purchase a car insurance policy.

People might have doubts while purchasing one because of the various myths associated with car insurance. Regardless, it is high time you get over these misconceptions and learn the facts.

Myth 1:Every type of damage is covered by the insurance policy

Fact:This isn’t true. You do get good coverage and can enhance your plan by purchasing additional covers under a comprehensive policy, but this still does not mean that your policy will cover all damages caused to your vehicle. If the insured meets with an accident while driving under the influence of alcohol or drugs, the policywon’t cover the damages.

Myth 2:People living in villages don’t require a car insurance policy

Fact:Many people assume that people who reside in urban areas require a car insurance policy more than those who live in rural areas. However, this isn’t true. Whether you live in a cityor not, it is mandatory for every vehicle to have the basicthird-party motor insurance policy as per the Motor Vehicles Act, 1988.Apart from this, if you wish to purchase comprehensive insurance, then it is completely your choice.

Also, it is a wise decision to have an insurance policy because the amount that you would have to spend on repairs would be way more than the premium amount.

Myth 3:Purchasing car insurance is a long &tedious process

Fact:There was a time when you had to visit the insurance company’s branch office in order to purchase the car insurance policy. People needed to get in contact with an insurance agent, discuss the details and get quotes for various policies, and finally buy the policy through cash or cheque. However, times have changed and you need not do any of this. All you have to do is visit your insurance company’s website and fill in the application forms online. You can even make the payment online and receive the policy within a few clicks in your inbox.

Hope the aforementioned facts are clear and you don’t have any misconceptions regarding car insurance. Also note, if you hear any other myths regarding car insurance, it is your duty to verify fact from fiction.Visit the website of your chosen insurance provider and go through the policy wordings to get sound & correct information.

Once you’ve shortlisted a few insurance companies, compare their quotes using an online car insurance calculator and check which company is offering you better coverage at the best price. You would gain better insight intoinsurance companies and how different insurers can provide you with the same cover at different prices. Choose wisely.

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