Top 10 Insurance Myths Explored

New cars more expensive to insure than older ones:

With new cars typically being more valuable, some assume that they’re also more expensive to insure than older and used cars. But that isn’t always the case.

“It depends on the types of vehicles,” said Anne Marie Thomas from InsuranceHotline.com. “Sometimes newer vehicles have more safety features, which might help lower an insurance premium.”

While the number of airbags is a reassuring fact to insurance companies, so are new crash-prevention technologies like lane departure warning, blind spot monitoring and collision mitigation systems. All of these systems work together to make you a safer driver and help reduce your insurance costs.