Weâ€™re back, busting yet another set of auto insurance myths. All of these myths have to do with the amount of your premium. Insurance companies all have different ways of calculating a premium, which may have lead to consumer confusion that caused the following myths.Â If you want to keep things simple, request an insurance quote from AIS. We provide rates from multiple California insurance companies to make sure you get the one thatâ€™s best for you. Now, on to the myths:
Â Myth: Insurance rates are higher for smokers
Truth: This myth may have come from the fact that smoking can be a factor in determining rates with other insurance types, such as health, and life insurance. Auto insurers, however, donâ€™t examine smoking habits.Â
Myth: Bad credit won’t affect auto insurance rates
Truth: Some states do not allow the use of credit history to determine auto insurance rates, and California is one of them. But laws may change, so itâ€™s in your best interest to keep your credit in good standing. Not only can you get the best insurance rates, but youâ€™ll be eligible for other preferred rates or types of financing outside of insurance.Â
Myth: Senior citizens pay more for auto insurance
Truth: Age can be a ranking factor in determining insurance rates, and its importance can vary between insurance providers. However, being older is not always a disadvantage. Special accident prevention and driver safety courses are available for those over 55. Taking one can decrease your auto insurance premiums. Contact AIS for more information about this and other types of discounts you may be eligible for.
Â This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.