While buying auto insurance, it is vital to understand the premium structure and the factors affecting your premium. But sometimes, it becomes difficult to differentiate between the fact and fiction, as like other segments, auto insurance sector also has its share of myths. The lack of proper understanding about motor insurance may affect your choice of policy or hinder the financial interests. Moreover, myths around insurance, whether it is a car, home, health, play a significant role in putting you in a baffling state of mind. Due to its persistent and unrealistic nature, it causes harm and no good. In this article, we’ve busted 10 myths associated with auto insurance, which may help you find the actual plan for your vehicle.
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