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Myth 1: Cheapest is Best
Many drivers believe that the lowest insurance premium is the most economical choice. However, this can often lead to inadequate coverage. For example, a customer named Sarah switched from the cheapest option to a more comprehensive plan. She ended up saving money in the long run when a minor accident didn’t cost her a fortune in out-of-pocket expenses.
Myth 2: New Vehicles Don’t Need Insurance
Another common myth is that new vehicles do not require insurance. This is far from true. In fact, new cars often have higher value and therefore higher insurance risks. Michael, a new car owner, learned the hard way when he faced costly repairs after a fender bender. He quickly realized that having the right protection was crucial for his investment.
Myth 3: I Can’t Switch Providers Mid-Policy
Many believe they are stuck with their existing insurance provider until the term ends. This misconception can lead to overspending. Emily decided to switch providers midway through her policy and found significant savings and better coverage options. If you’re feeling unsatisfied, don’t hesitate to explore other choices—the savings could be substantial!
Still believing these myths? Try our instant insurance comparison tool to find the best coverage for your bike and car today!
