Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Most Common Car Insurance Myths

Published On Jan 25, 2021 11:00 AM By InsuranceDekho

Nearly every car owner knows the importance of having comprehensive car policy. But unfortunately, knowing the lawful nitty-gritty related with car insurance policies remains a challenging task, for many. The myths around car insurance policies further increase the confusion.

Knowing the policy and its coverage together with the terminologies can be a hard task for some insurance buyers. Most of them fall victim to the myths that run around because of the lack of related knowledge. Firstly, you must select the best car insurance company. For this, you will have to do some research. You can read reviews online and ask your loved ones about the insurance policies they have and read expert advice.


Most Common Car Insurance Myths

Misconceptions About Car Insurance

When it comes to purchasing car insurance, you may be in a dilemma because of the prevalent myths. Because of these myths, choosing a car insurance policy becomes a challenging task. Also, believing in these myths can augment your out-of-the pocket-expenses.

Explained below are the most common car insurance myths that you should never fall prey to. It will assist you to come across the best car insurance policy.

1. Myth- Minimum Coverage Is Profitable

Getting only as much coverage as necessary to pay a low minimum amount is a wrong decision. It may save some money temporarily, but it is not useful in the long run. For example, opting for a high deductible policy may reduce your premiums, but it would also mean that you will have to pay more from your end in case of a claim.

2. Myth –Only Car Dealers Offer The Best Car Insurance Deals

Many individuals feel that when purchasing a car from a seller, buying car insurance from the same seller can help you get a better deal. But this is not true as car dealers typically pitch those insurers with whom they have connections or those who pay them better commissions. To make sure you get the most excellent deal, compare quotes from several sources and compare them with what the seller provides. Compare car insurance quotes online also assists get good deals. Ultimately, before zeroing in on the insurer, check the offered claim settlement ratios, add-ons, etc.

3. Myth– All Add-ons The Insurer Suggests Are Vital

The add-ons you want to buy with your car policy will rely on your particular necessities. Frequently, dealers’ hard sell add-ons you may not even require just to earn better commissions. But, you must get those add-ons that are most necessary for you.

4. Myth – You Cannot Switch Insurers

No such rule is there that you need to stand by a similar insurance company. If one more insurer is offering a better deal, a switch is only sensible. But, this has to be done well before the expiry of the present policy. If you do not make payments, and switch insurers, you fall into the high-risk customer category and will thus be charged higher amounts.

5. Myth- Number Of Drivers Does Not Matter

A car driven by multiple drivers enhances risks for insurance companies, and they thus charge higher premiums. In contrast, car insurance companies think single-driver driven cars are safer, well-maintained and driven in related regulations. It is, therefore; better to make sure that only one individual drives the vehicle.

Also, Read

Smart ways to save on car insurance

Why Key Replacement Cover is Important in Car Insurance?


These are the common car insurance myths. When buying car insurance, keep these points in your mind and then take a call. This will help you make a well-versed and wise choice.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

must dotmust graphics

Why to buy from InsuranceDekho?

  • Instant policy # within 5 mins
  • More than 45 Lac happy customers
  • Claim Support available all 7 days of the week

People Also Read



Find the right car insurance for you

Partner Car Insurance Companies

Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

Calculate your Car IDV

Find the right car insurance for you