Laurie Bauer , CAIB | Business Development Manager , Orbit Insurance Services

However , understanding car insurance can be daunting , especially with so many myths and misconceptions floating around .

In this article , we debunk common auto insurance myths and share useful insights to help you make informed decisions about your coverage .

MYTH 1 :

Red cars cost more to insure It ’ s a common misconception that owning a red car will increase your insurance premiums . The truth is the colour of your vehicle does not affect your insurance . Insurers consider factors like your vehicle ’ s make , model , year , and safety features , as well as your driving record , age , and location when calculating your premium .

MYTH 2 :

Parking tickets raise your insurance rate

While unpaid parking tickets can lead to complications , such as impounding your vehicle or affecting your ability to renew your registration , they do not directly impact your insurance rates . However , accumulating unpaid tickets could cause legal issues that might indirectly affect your insurance .

MYTH 3 :

Two-door cars cost more to insure than four-door cars Just because a car has two doors instead of four does not automatically mean it will cost more to insure . Your insurer will consider various factors , like the car ’ s age , price , repair costs , theft rates , and previous claims history to calculate your rate . It ’ s always best to get a specific quote for your vehicle rather than to rely on assumptions .

MYTH 4 :

Car insurance covers items stolen from your car

Standard auto insurance policies do not cover theft of personal items from your vehicle , such as phones , laptops , or wallets . These items are usually covered under your home or renter ’ s insurance policy .

MYTH 5 :

No-fault insurance means no one is at fault

Some provinces operate on a “ no-fault ” system . A no-fault system , however , doesn ’ t mean that no one is at fault in an accident . Instead , it means that each driver ’ s insurance covers their own injuries and damages . Fault is still determined , and if you ’ re found responsible , it can affect your premiums and future claims .

Being well-informed about car insurance can empower you to make better decisions about your coverage . Don ’ t let myths and misconceptions influence your choices . Instead , depend on accurate information and expert advice to ensure you ’ re well-protected on the road .

Our team of experienced insurance brokers is here to help you find the right coverage for your needs and budget . If you ’ re shopping for car insurance or if you ’ re a current Orbit customer with questions , contact us at OrbitInsuranceServices . ca .

Want to learn more about car insurance ? Visit bit . ly / OrbitCarInsurance to see even more myths that lead drivers astray when it comes to insuring their vehicles .

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