Just got my first speeding ticket my insurance rates will undoubtedly go way up.
Reality: If this happens to be your first ticket your rates most likely wouldn't even change. Most direct car insurance providers will provide you with a pass if you don't have any other tickets or claims previously 3 to 5 years based on the company.
That new Plasma TV I bought a year ago won't affect my Car Insurance
The real world: In case you don't pay for the credit card you charged it on then it could possibly. Almost all insurance companies now use some type of credit scoring once identifying not only if you will qualify for insurance, but additionally what you will pay. There can simply be 50 percent change in rates for a person with fantastic credit score to someone with low credit scores.
I just slammed my very own car door into my lawnmower sitting within my storage, my home owners insurance policy will take care of it
The real world: Your homeowner's insurance policy has nothing related to with protecting your car or truck. The only way your car will be protected is that if you have Comprehensive (Comp) coverage specifically for your car. And after that only after you pay you deductible.
I just cracked my buddies car and I tell him don't be concerned my insurance will cover it
Reality: It certainly will however only after your buddies policy pays first. Therefore for instance your (best) friend has a five hundred dollars collision deductible and now you have a $250 deductible. You would have to provide your buddie the $500 to his deductible as his insurance company is Primary. Meaning your insurance will simply pay after his own policy limits are exhausted. So just remember in this scenario your deductible does not matter its going to be based upon your friends.
If you are riding your bicycle and get struck by a car your car insurance wouldn't become involved
Reality: If you become injured or killed while you are riding your bike or even taking your first steps down the street you may be amazed to learn that you may become protected with your direct car insurance policy. In case the individual driving the car didn't have virtually any insurance or not sufficient insurance to cover up your injuries, your Uninsured or alternatively Underinsured insurance policy would pay for your claim.
Therefore just remember the other time you are online looking for a less expensive insurance policy, to think about some of your options. There are actually hundred's direct car insurance companies out there trying to get in your pocket, just make sure when the time comes you will get inside theirs.
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