Most people do a great deal of research when buying a car, however when it comes to car insurance people often believe the myths and rumours that they hear to be fact. Toronto auto insurance brokers compare which myths are true and which ones are not.
False. It might save you money to give up smoking but you wont save any money on your car insurance rates by doing it.
False. There is no truth in this. Insurance companies do not even ask for the colour of your vehicle during your application.
False. Car insurance is determined by the person's individual characteristics such as age, vehicle, and driving record. There are many factors that will determine the best rate that your auto insurance broker can get you.
False. The truth is that your policy is classified as the primary one and the result is that your insurer is liable for any damage caused, this in turn will effect your claim history and increase your car insurance rate.
More often then not, true. In general teenagers cost more to insure because they are more likely to be involved in an accident and statistics show that it is more common for a boy to be involved in an accident then a girl.
False. An increasing number of insurance companies are finding excuses to avoid paying out for claims. In the small print of your policy it is often stated that you must inform your insurance company of any changes in the vehicles that you drive.
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