However, modifications to our cars and the types of cars  that we choose to drive, that is going to raise  your insurance, There are a lot of things listed out there that apparently can have an impact on how much you pay for your  insurance on your vehicle. Some, you know, that  kind of make a little bit of sense and you don’t  really think about it And some that are just kind  of way out in left field And so we thought what a  perfect opportunity to dive into what exactly do  insurance companies take into consideration when setting  up a policy for your vehicle and what can truly  impact how much you pay, there are a lot of myths and theories out there about car insurance and insurance companies in general and specifically things that can affect your rate or how much you pay per month on your car(engine revs)One of the more popular ones  that you have probably heard is that owning a red car will  up your insurance rate or that Hondas will cost  more because they, you know,are stolen, more Some of these sounding  pretty damn crazy, right? Well, there are some actual myths in here but also a surprising  amount of facts as well So lets go through it and start knocking out some of the most common  myths about car insurance.

Myth number one, new  cars cost more to insure than something that is older, right So the time has come, right? You are shopping around for a new car but you heard that brand new  cars will cost more to insure, and in turn, increase your  rate in overall payment. So you drop the search filter back a couple of years, maybe search for something  a little bit older and start shopping around there Now this actually is not  really the case at all, Most of the time, the year of  your vehicle has nothing to do with the cost of the insurance on it Directly, anyways, it  won’t have a direct impact. Insurance companies take a lot  of things into consideration when building out a policy, and yes, what type of vehicle you  are looking to insure will play a factor However, a few things that get  taken into consideration here include, what are the safety  features of said vehicle Obviously, if the vehicle is safer, it has more to offer. Your rate might come  out a little bit lower than another vehicle  that is a few years older  and doesn’t have as much safety And since technology  and safety are advancing year by year, you could possibly end up with a lower rate with a newer car So almost the exact opposite  of what is commonly heard

Myth number two, if you modify your car, your insurance will increase, right, This is a huge one for us Probably one that our  parents have hit us with more times than we can remember Obviously we are going to  modify our cars, It’s kind of the thing that we do And if you have talked to pretty  much any insurance provider they will tell you that  you will need to notify them about any modifications that  you have done to your car Now, you know the meme, right? You seen it, we have all seen it, What I drive versus, you know, what the insurance company thinks I drive Yeah, it pretty much speaks for itself Most insurance companies  do offer a custom parts or equipment coverage that would  cover most after market parts of your car if you were  to get in to an accident Obviously this is an  additional coverage, and yes, you will be paying more for it. It is really up to you to decide whether or not you want  those parts covered. If not, well, then obviously  your rate will stay the same .

Myth number three, the color of your car will affect how much you pay, It’s an absolute classic The theory that because your car is red means that its fast, means that you are more likely to get pulled over, or that black  cars are hard to see at night because apparently, you know, headlights don’t exist or city lights don’t exist, and that white or silver cars get lost in the snow, so  then you are not supposed to drive them during winter I mean, if you think about it, you know, you are left with like, what, blue, green and like old man beige? This is false There is absolutely no factual information or any data to really support this, again, what it will really come down to is how safe that vehicle is  its definitely one of the bigger myths  out there And it just seems to keep on living on.

Myth number four, full coverage You have heard it,  “its fine, I have full coverage” Probably one of the more  dangerous blanket terms out there as far as like automotive things go The term full coverage really doesn’t have a definition by itself There really is no standard as to what full coverage actually means. its  labeled  more as great, but not absolute Even though you may consider  yourself to have full coverage on your car, it can  still exclude things such as rental insurance, gap coverage, emergency roadside service, and even uninsured motorist coverage. All of these can be great  things to have included And if you want them  included in your policy make sure you talk to your insurance provider about them And don’t just assume that because you said  you wanted full coverage that that will be included So when all is said and done, most of these are what they are, myths, or just general misconceptions. What it really comes down to is how much is the overall  value of your vehicle? How much would it cost to repair if you got into an accident, and how safe is the vehicle? And of course, do you live in a high risk area? Just your general boring things As much as we would  really like to believe, there really is no evil, underlying thing about our cars that is going  to jack your insurance rate, the suitable  recommendation is always do research on the vehicle If you are looking to buy one, check out if parts are expensive and of course get a quote ahead of time so you know what you are  getting yourself into, so you are not surprised like you are  going to pick up the car, you are like, huh,I should probably get insurance, and then find out that its  more than your car payment.

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