Car Insurance Rates Aims to Debunk Auto Insurance Myths

July 15, 2011 - PRLog -- Car Insurance Rates, a rapidly growing online source for no-cost auto coverage estimates, has released a new series of articles addressing some of the most common myths about auto insurance policies. The articles debuted on the site’s homepage today.

In the articles, an auto insurance industry insider responds to the myths the site gathered from its common interaction with visitors using its telephonic or online customer support center. The myths addressed either come directly from questions or statements made by visitors who have used the site in the past.

“With certain car insurance myths, misinformation can lead to poor decision-making and costly consequences. For example, few people remember or realize that if they purchase a new vehicle, that vehicle is not automatically covered by their existing plan. Failing to notify an insurance company of the change could lead to a forfeiture of benefits if a loss occurs,” explained Car Insurance Rates spokesman Nathan Ackerman.

Among the myths debunked is the so-called “full coverage” myth that lulls policyholders into a sense of complacency because they think all possible losses will be covered. The author points out, however, that “full coverage” does not necessarily mean “enough coverage.” Failing to carry an appropriate amount of coverage may still lead to staggering out-of-pocket costs in the event of a loss.

“The purpose of this article is to help our visitors discern between fact and fiction when shopping for auto insurance coverage. Any consumer who believes these myths could end up with massive financial liability down the road or, at the very least, might select the wrong type of coverage. Reading through this brief article will help consumers spend their insurance dollars more carefully,” said Mr. Ackerman.

For more information, please call (888) 426-1093 or visit http://www.carinsurancerates.com.

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CarInsuranceRates.com is a full service quote website providing car insurance quotes since 1997. We have also built a large archive of car insurance articles, tips, and expert advice.