It’s time for us to debunk four more common car insurance myths and find out what grains of truth they may stem from. Knowledge is power and understanding correctly how carriers determine your auto insurance premium can give you important insight to make the right car or insurance purchase.
If your car is totaled, insurance will pay for your new car.
If your insurance reimburses you for a covered total loss, such as your car being totaled, depreciation is taken into consideration. Depreciation is the decreased value of an item over time