Calgary Auto Insurance
Unfortunately, many people do not fully understand the importance of a quality Calgary Auto Insurance policy. That is why Del Fisher Insurance is dedicated to educating their customers in order to make certain that they have all of the coverage that they need and a complete understanding of all that their policy entails.
Car Insurance Myths You Should Ignore
You have probably heard that it costs more to insure red cars or that insurance rates automatically drop when the driver turns twenty-five. You may have even heard that as long as you have full coverage, your insurance will pay for a brand new car if you have an accident. By ignoring these insurance myths, you could learn to save money and get the best policy at an affordable price. If you have any questions, please call Del Fisher Insurance at 403-230-3811.
MYTH: Full coverage equals new wheels.
FACT: While full coverage, which includes comprehensive and collision insurance, will provide you with the necessary funds to repair your car after an accident, it does not entitle you to a new car. The intention of insurance is to get you back to normal, not improve upon your circumstances with a new ride.
If you choose to purchase full coverage, your insurance broker will be able to tell you exactly what that includes.
Normally, full coverage means that you will be covered for:
- property damage,
- liability and rental reimbursement.
Collision insurance will pay for damages to your car in an accident. Comprehensive covers everything else, such as damage from fire or theft.
MYTH: Automobile Insurance rates increase automatically with traffic tickets.
FACT: This is not always going to be the case. For example, a driver who has accumulated five speeding tickets over the last three years may not see an increase in their rates. Reports are usually run only on a random basis, so your speeding habit may go unnoticed. However, if you are involved in an accident, let your coverage lapse or change carriers, the report will be run and your driving history will become known. So, it is best to drive as safely as possible at all times to keep your rates low.
MYTH: Thieves are more drawn to expensive or newer model vehicles.
FACT: According to statistics, criminals actually target cars based on the most desirable parts, not age or upgrades. Therefore, in order to make sure your car is protected against theft, it is in your best interest to invest in comprehensive coverage.
MYTH: If you purchase a red car, you will automatically be charged a higher Auto Insurance premium.
FACT: It really does not matter what color the car is that you purchase. In fact, that is not one of the questions that your broker will ask when you obtain your policy. Now, a red car may be easier for the police to notice speeding down the road than it is a white or black one. An insurance broker only considers make, model, engine size and year.
MYTH: It is best to stay with the Car Insurance carrier that you have because your rates will be lowered.
FACT: While some providers in Canada may offer a longevity discount, you will not be protected against cost increases. In most cases, this type of discount is only good until you file your first claim. Therefore, it is best to choose a broker on reliability and trustworthiness, which is exactly what you get with Del Fisher Insurance.
MYTH: Your credit score will not affect your insurance rate.
FACT: While your credit score is not usually a major factor in determining your insurance rate, it is something that your Insurer may consider. Research indicates that those who have better credit scores are less likely to be involved in an accident.
When you turn 25, your rates will automatically decrease.
FACT: Insurance providers are more concerned with the years of experience that you have behind the wheel, not on the planet. Drivers with less experience are at a greater risk, so the cost of their premiums is usually higher.
How Much Coverage Do You Need?
Many people these days are feeling the pinch of an unstable economy. Therefore, they are inclined to choose only the minimum amount of coverage that is required to be on the road. However, minimal Calgary Automobile Insurance coverage does not secure your full protection in the event of an accident, nor does it do anything to protect your assets. Unless you drive an older model car with very little value, you will want to invest in more than just minimum coverage.
First and foremost, you will need liability coverage. This will include bodily injury liability for anyone who is injured in an accident as well as property damage. However, in order to have protection for your own medical costs, loss of wages and other accident related costs, you will need personal injury protection as well.
If you have a new or expensive car, you will want to invest in comprehensive and collision coverage. This will pay for damages to your car, whether they occur due to an accident or another covered loss. However, if you drive an old clunker that would cost less to replace than to repair, you can forego this type of coverage for a lower premium rate.
Protect Yourself From Others!
Finally, another type of coverage that you should definitely consider is underinsured and uninsured motorist protection. This may be a wise investment even if you already have full medical coverage because it may also pay you for pain and suffering. There is no guarantee that the person that causes the accident is going to have sufficient Car insurance coverage, if any at all. Therefore, it is best to be proactive and make sure that your expenses will be paid for no matter what happens.
Del Fisher Insurance Experience You Can Trust!
An accident could happen the very next time that you get behind the wheel. It could happen a hundred miles from home or it could happen at the end of your driveway. You have to be prepared with a reliable auto insurance policy from Del Fisher Insurance. Click on the quote request button now to connect with an honest and friendly broker right away or call us at 403-230-3811.