Common Myths

TRUE

FALSE

Facts

“If my car is stolen, my insurance gives me a new one”

Insurance companies give you the depreciated value of your car and they don’t pay for the tax when you purchase a new one.

“I’m O.K., I have an alarm system”

Do you pay attention to a car alarm going off? Most people don’t even notice or consider it a disturbance if they do.

“My personal belongings will be replaced at no cost to me”

You have to pay your home content insurance deductible and your premiums may increase next year.

“Nobody would want to steal my car, it’s not good enough”

All cars are a target. Yours is worth 3 times as much when sold as parts. The parts of vehicles 3-9 years old are in high demand.