- You'll shoot your eye out kid!
Just like Ralphie from A Christmas Story
battled his way through the endless tyranny
of the classic BB gun block.
- Oh my God, I shot my eye out!
- Us, as car enthusiasts, kind of go through something
a little bit similar.
However, instead of air rifles,
it's modifications to our cars
and the types of cars that we choose to drive,
that it's going to raise your insurance kid.
There are a lot of things listed out there
that apparently can have an impact
on how much you pay for your insurance on your vehicle.
Some, you know, that kind of make a little bit
of sense and you don't really think about it.
And some that are just kind of way out in left field.
And so we thought what a perfect opportunity to dive
into what exactly do insurance companies take
into consideration when setting up a policy for your vehicle
and what can truly impact how much you pay.
On today's episode of Myth or Fact.
(car engine)
Real quick before we dive into
the nitty-gritty of today's episode
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and suspension as well.
Anyway, there are a lot of myths and theories out there
about car insurance and insurance companies in general
and specifically things that can affect your rate
or how much you pay per month on your car.
(engine revs)
One of the more popular ones that you've probably heard is
that owning a red car will up your insurance rate
or that Hondas will cost more because they, you know,
are stolen more.
Some of these sounding pretty damn crazy, right?
Well, there are some actual myths in here
but also a surprising amount of facts as well.
So let's go through it and start knocking
out some of the most common myths about car insurance.
Myth number one, new cars cost more to insure
than something that is older, right.
So the time has come, right?
You're shopping around for a new car
but you heard that brand new cars will cost more to insure,
and in turn, increase your rate in overall payment.
So you drop the search filter back a couple of years,
maybe search for something a little bit older
and start shopping around there.
Now this actually is not really the case at all.
Most of the time, the year of your vehicle has nothing to do
with the cost of the insurance on it.
Directly, anyways, it won't have a direct impact.
Insurance companies take a lot of things into consideration
when building out a policy, and yes,
what type of vehicle you are looking to insure
will play a factor.
However, a few things that get taken into consideration here
include, what are the safety features of said vehicle.
Obviously, if the vehicle is safer,
it has more to offer to keep your happy little ass safe.
Your rate might come out a little bit lower
than another vehicle that is a few years older
and doesn't have as much safety.
And since technology and safety are advancing
year by year, you could possibly end
up with a lower rate with a newer car.
So almost the exact opposite of what is commonly heard.
Myth number two, if you modify your car,
your insurance will increase, right.
This is a huge one for us.
Probably one that our parents have hit us with
more times than we can remember.
Obviously we are going to modify our cars, right?
It's kind of the thing that we do.
And if you've talked to pretty much any insurance provider
they will tell you that you'll need to notify them
about any modifications that you've done to your car.
Now, you know the meme, right?
You seen it, we've all seen it.
What I drive versus, you know,
what the insurance company thinks I drive.
Yeah, it pretty much speaks for itself.
Most insurance companies do offer a custom parts or
equipment coverage that would cover most aftermarket parts
of your car if you were to get in to an accident.
Obviously this is an additional coverage, and yes,
you will be paying more for it.
It is really up to you to decide
whether or not you want those parts covered.
If not, well, then obviously your rate will stay the same.
So as far as they know, your car's completely stocked.
Meaning you can slap all the wheels, tires and suspension
from fitmentindustries.com on it that you'd like.
Myth number three, the color of your car
will affect how much you pay.
It's an absolute classic.
The theory that because your car is red
means that it's fast, means that you're more likely to
get pulled over, or that black cars are hard to see at night
because apparently, you know, headlights don't exist
or city lights don't exist, and that white or silver cars
get lost in the snow, so then you're not supposed to
drive em during winter.
I mean, if you think about it, you know,
you're left with like, what, blue, green and like
old man beige?
This is false.
There is absolutely no factual information
or any data to really support this, again,
what it will really come down to
is how safe that vehicle is.
I'm not really sure when or where
this myth really got started
but it's definitely one of the bigger ones out there.
And it just seems to keep on living on.
Myth number four, full coverage.
You've heard it, ah it's fine, I have full coverage.
Probably one of the more dangerous blanket terms out there
as far as like automotive things go.
The term full coverage really doesn't
have a definition by itself.
There really is no standard as to
what full coverage actually means.
In a blog written by AIS insurance, they label it more as
great, but not absolute.
Even though you may consider yourself to have full coverage
on your car, it can still exclude things such
as rental insurance, gap coverage,
emergency roadside service,
and even uninsured motorist coverage.
All of these can be great things to have included.
And if you want them included in your policy
make sure you talk to your insurance provider about them.
And don't just assume
that because you said you wanted full coverage
that that will be included.
So when all is said and done,
most of these are what they are, myths,
or just general misconceptions.
What it really comes down to is
how much is the overall value of your vehicle?
How much would it cost to repair
if you got into an accident, and how safe is the vehicle?
And of course, do you live in a high risk area?
Just your general boring things.
As much as we would really like to believe,
there really is no evil, underlying thing
about our cars that is going to jack your insurance rate.
Our recommendation is always do research on the vehicle.
If you're looking to buy one,
check out if parts are expensive and
of course get a quote ahead of time
so you know what you're getting yourself into,
so you're not surprised,
like you're going to pick up the car, you're like, huh,
I should probably get insurance,
and then find out that it's more than your car payment.
So let us know down in the comments below
if there's any other insurance myths out there
that you've heard or something just completely crazy
that you've experienced with your car insurance in general.
So thank you guys so much for watching.
Let us know what you'd like us to cover
in the next episode of Myth or Fact.
And of course, don't forget to check out wheels, tires
and suspension over at fitmentindustries.com.
I'm Gels, from Fitment Industries, we'll see you later.
Peace.