We’ve all heard them—those little snippets of wisdom about car insurance that make you go, “Really?!” But the truth is, many of these so-called facts are myths that could lead you down the wrong road. So, let’s put the brakes on misinformation and steer you in the right direction with a humorous, yet factual, look at the top 5 motor insurance myths for drivers in Spain and across Europe!
Ah, the myth that refuses to die! You may have heard that owning a red car makes you an insurance magnet because, apparently, red equals “speed demon.” But the reality? Your insurance company doesn’t care if your car is fire engine red, sunshine yellow, or polka-dotted pink. They’re more interested in your driving history, car model, and where you park at night. So, feel free to channel your inner Ferrari without worrying about extra costs!
Comprehensive sounds all-encompassing, right? Well, it’s a bit of a misnomer. Sure, it covers a lot—like theft, vandalism, and natural disasters (watch out for those Spanish summer hailstorms!). But it doesn’t cover everything. For example, if you drive into a pool because you mistook it for a parking spot, that’s on you. Sorry!
This myth probably came from someone who watched too many superhero movies. Unlike a loyal sidekick, your insurance doesn’t follow you everywhere you go. In most cases, car insurance is tied to the vehicle, not the driver. So, if you let your buddy borrow your car and he decides to reenact a scene from Fast & Furious, your insurance—not his—will have to pick up the pieces.
You might think that as you age, your insurance premiums will rise like the price of tapas in a touristy area. But actually, older drivers often pay less because they’re considered more experienced and less risky (as long as they keep the “senior moments” to a minimum). So, for all the silver-haired speedsters out there—you’re likely getting a good deal!
Third-party insurance is the bare minimum required by law in Spain and most of Europe, but it’s not exactly the knight in shining armor you might think. It only covers damage you cause to others—both property and people. So, if your car ends up looking like it’s been through a bullfight, you’re on your own unless you’ve got additional coverage.
So there you have it, five motor insurance myths that have been well and truly debunked. Please remember safe driving, and also…. a little knowledge can save you a lot of euros (and headaches) down the road.
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