My insurance premium is high because I drive a risky car, My premium will go down once I am older than 25, If my car was black or white, I would be paying less. These are just a few beliefs people hold about car insurance. While those sharing these myths may have good intentions, they can mislead people about what happens behind the scenes at an insurer.
Insurance providers want to avoid misunderstandings about policies because it can lead to frustration or a loss of trust.
In an effort to clear up the myths, let's dive into them and get down to the truth of what happens.
Myth 1 My premium will go down once I am older than 25
Some believe age is the biggest determining factor for their premiums. There are no hard and fast rules here - you dont just pay more because you are 21.
