Fiat?

Wednesday, January 25th, 2012 | Personal Insurance | Comments Off

The Fiat 500 may have earned the top safety pick, but it’s now considered one of the worst flops of 2011!

Car Insurance Myth #1

Wednesday, January 11th, 2012 | Personal Insurance | Comments Off

The color of my car affects my insurance rates.

Truth:  OK… Read carefully…. RED CARS DO NOT GET MORE TICKETS!!  If your agents asks you what color your car is, it’s just because they are jealous that you drive a Cherry Red Mazaratti!    The color of your car has absolutely nothing to do with your rates.  The make and model do, and how you drive it, yes, but the color, no.

Thanks for hanging in with me as we reviewed the top 15 car insurance myths!  If you have any questions let me know. 

Car Insurance Myth # 2

Tuesday, January 10th, 2012 | Personal Insurance | Comments Off

“Full Coverage” includes rental car and towing  coverage.

Truth: Full coverage means something different to everyone.  Rental car reimbursement and towing/roadside assistance coverage are actually individual coverages that should be added to your policy, they are not built in.   These are actually two coverages that are very inexpensive to add.  Are you covered?  Call me today to find out.

Car Insurance Myth # 3

Monday, January 9th, 2012 | Personal Insurance | Comments Off

My driving history is the only factor that determines my car insurance rate.

Truth: There are so many factors that influence your auto insurance rate, there is not enough room for me to list them all!  Your driving history is a a big part of it.  So is your age, type of car, credit, where you drive, theft rate in your area, grades if you are a student or insure one…. The list goes on and on.

Car Insurance Myth # 4

Sunday, January 8th, 2012 | Personal Insurance | Comments Off

Comprehensive insurance covers mechanical problems.

Truth:  Nope.  But that would be really cool.  Your comprehensive coverage takes care of many things, like theft, vandalism, falling items and glass.  Mechanical failure is still on you.  Don’t forget that oil change!

Car Insurance Myth # 5

Saturday, January 7th, 2012 | Personal Insurance | Comments Off

Newer cars are always more expensive to insure.

Truth: Some newer cars are less expensive to insure that older ones.  it depends on the year make and model as well as the makeup of the household of drivers.  It is ALWAYS worth your time to work with an independent broker like Insurance Planning Alternatives.  When you work with us, we have the capability to shop the entire market for you and find the right carrier for your unique situation.

Car Insurance Myth # 6

Friday, January 6th, 2012 | Personal Insurance | Comments Off

Smaller, less expensive cars are cheaper to insure.

Truth: Maybe.  This depends on your coverage.  For liability only coverage, perhaps.  For comprehensive and collision coverage likely not because smaller, lighter vehicles generally sustain more damage in a crash and have a higher rate of being “totalled” in an accident.

Car Insurance Myth # 7

Thursday, January 5th, 2012 | Personal Insurance | Comments Off

If I stay ticket and accident free, my rate will go down.

Truth: This will absolutely help lower your rate over time.  Unfortunately, other factors also impact your auto rates, such as credit and national and regional trends like increasing costs to repair vehicles, rising hospital bills and more lawsuits.

Car Insurance Myth # 8

Wednesday, January 4th, 2012 | Personal Insurance | Comments Off

Buying insurance online saves money.

Truth: NOT!!!  Your insurance policy will most likely not matter to you until you have to file a claim.  The online insurance providers are generally most interested in saving you money, and they do this by cutting your coverage.  When You work with Insurance Planning Alternatives, we make sure that the coverage you need will be there at the time of a claim.  And, oh yeah, we still save you money!

Car Insurance Myth # 9

Tuesday, January 3rd, 2012 | Personal Insurance | Comments Off

“No-fault” insurance refers to an accident that is not the policy holders fault.

Truth: “No fault” just means that your own policy will pay for your injury-related bills regardless of who is at fault.  Colorado is a tort state.  This basically means that the insurance of the at fault driver pays the injury related bills.