The 10 Biggest Lies You’ve Been Told About Car Insurance compare car insurance


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3. If your friend is driving your car, he is responsible for the damages

If you have allowed your friend to drive your vehicle, and he later causes an accident, he is not liable for the damages. It is your insurance company to pay for losses or medical expenses. The policy follows the car but not the driver.

4. A costly car is high to insure

When searching for best quotes auto insurance, you need to know that insurance companies consider a number of factors before they can give insurance rates. They consider the loss of history and how much it might cost to repair the car or replace but not the sales value. This means if you purchase an expensive car, do not expect to pay higher insurance premiums. Actually, most mid-priced cars have higher insurance rates due to their history and repair cost than costly vehicles. For example, if you have a sports car that costs $30,000 and a SUV car that costs $50,000, the sports car might cost more to insure.

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