When you go in to get a new insurance policy, a million thoughts are probably pulsing through your brain: Will my policy be more expensive because of my speeding ticket? Will it be less because my car is yellow? What is the air-speed velocity of an African Swallow?
At your local Omaha Auto Repair, we’ve all been there, and we’ve done the research to sort through the myths and facts of insurance rates:
Myth: Color Affects Cost
Yeah, your fancy red ride may SEEM fast, but studies have shown that color in no way affects the cost of your insurance policy—trust your local Omaha Brake Repair. This doesn’t matter so much if you’re buying insurance from a colorblind animal like a duck or gecko.
Fact: The make and model WILL Affect Cost
Your insurance company rates different makes and models of vehicles according to past claims experience. They’ll check out records of your particular vehicle to determine the likelihood of it being stolen or involved in a crash, which aids in determining your rate. That makes it all the more important to keep your vehicle in shape with an Omaha Car Repair.
Myth: When a friend borrows a car, THEIR Insurance Foots the Bill
Nope. Not true. Insurance policies tend to cover vehicles, not people. Therefore, if you let your buddy take your vehicle to the store and he ends up crashing it into a flock of stray shopping carts, you’re the one that’s going to have to explain it to your insurance. An Omaha NE Auto Repair recommends entrusting your vehicle to safe drivers ONLY.
Fact: Your Age Affects Your Rate
Ever wonder how Grandma was able to buy you so much candy? Cause at her ripe old age, she was able to save on car insurance! Studies show that after the age of 25, your insurance premiums will drop significantly. So there’s that to look forward to, especially with an Omaha NE Car Repair.
Myth: Speeding Tickets Increase Premiums
It’s sound logic, but a speeding ticket isn’t always a nail in the coffin when it comes to insurance costs. Your local Omaha Oil Change shop has found that if it’s a minor offense and you have a clean record (ramming into shopping carts might not sit well with insurance), your costs might not go up at all!
Fact: Where you live Affects Insurance
It’s true. Just think: If you have a 2001 Toyota Celica and live in rural Wyoming, your insurance will probably be much less than someone with the same car that lives in New York City.
Myth: The more it costs, the more it is to insure it.
This may be true in some cases, but in some cases, parts for more expensive cars can be less than parts for cheaper cars. For example, a $40,000 sports car might have more expensive parts than a $45,000 SUV, thus resulting in more expensive insurance.
Your local Omaha Auto Mechanic is here to help you with all your automotive related needs, even figuring out ways to get cheaper insurance. If you have any questions, don’t hesitate to stop by or call at today!