Friday, March 10

Debunking 5 popular car insurance myths ???????

Are you confused about car insurance? Maybe you have heard some things that aren't true but seem to make sense. Perhaps you think auto insurance is just like any other kind of policy — with many rules and exceptions that don't always make sense.

With so many variables, it is no wonder there are so many misconceptions about car insurance policies. This blog post will highlight five common car insurance policy myths.

MYTH 1: Car Insurance Is More Expensive For Young People.

This is one of the most common car insurance myths. The general idea behind this myth is that young people are more likely to be involved in accidents, so their premiums will be higher to account for this risk. While this idea may be true, car insurance companies also use different criteria when determining rates for other age groups.

MYTH 2: Having A Certain Kind of Car Will Make Your Insurance Cheaper.

While it may seem natural to assume that cars with lower accident rates will have lower insurance rates, this is not always the case. Many insurance companies use the total cost of the car to determine the rate. You will likely be charged more for your insurance policy if you have a more expensive vehicle. However, there are a few exceptions to this rule. If you have a car that is particularly difficult to repair, you may be charged more for your insurance policy.

MYTH 3: Colour Determines the Price of Car Insurance

No, colour doesn't play a role in car insurance. It does not matter if you drive a red car or a blue one; your premiums are based on other factors. When insurance companies rate your car, they are looking for specific features like its safety ratings, the number of airbags, and other factors. 

MYTH 4: If another person drives your car, in the event of an accident, his or her auto insurance will cover the damages.

This is another common car insurance myth. This myth is based on the idea that your car insurance policy is a joint policy covering the car and all its passengers in the event of an accident. Your insurance policy will not cover an accident involving another driver. Your car insurance covers your specific car only. Remember that you must have provided details of the car like plate number & chassis number of the car when buying the car insurance.

MYTH 5: Insurance doesn’t pay claims.

This is probably the most common myth. This is also a wrong misconception in the insurance industry. If you have an insurance policy on your car, you can make a claim to repair your car. However, you must know what is included in your insurance before requesting a claim. E.g., if your car insurance doesn’t include flood cover, the insurance company will not pay claims if flood damages your car.


While there is some truth behind these car insurance myths, they do not apply to all insurance policies. When you shop for car insurance, you will likely find many companies offering various rates. To get the best car insurance deal, do your research and shop around to find the company that provides a policy with the best rate and coverage for your needs.

If you want the best car insurance coverage in Nigeria, your best bet is AXA Mansard. If you have questions about car insurance, you can also contact us on any of our social media platforms or visit any of our branches nationwide.