As in every field, in insurance, unfortunately certain misleading preconceptions are prevalent. Danas Dilys, motor insurance product manager at If, is ready to dispel the most popular myths about car insurance.
1. Casco is important for owners of brand new cars only
Not true. Security systems help to avoid traffic accidents and minor incidents, that’s right. However, it cannot be said that there are significantly fewer accidents with newer cars. Furthermore, practice shows that casco is just as necessary for older vehicles, because the damage caused by an accident is quite significant to manage on its own.
2. Insurance is expensive
Not true. Insurance is intended to ensure financial security and to avoid unexpected financial expenditure. In 2023, an average Casco claim amounted to approximately Eur 1,300 and that of compulsory insurance – to Eur 1,800. This exceeds the average insurance premium by several times. It is, therefore, incorrect to state that insurance is costly.
3. Casco is more expensive for new cars
Not true. Casco insurance for new cars often costs even less than for a car that is several years old. New cars not just break down less often; they also have more security systems installed. Automated breaking is one of them. This system significantly reduces the number of minor collisions on city roads.
4. Insurance coverage may not be changed once insurance has been purchased
Not true. You can adjust the deductible or Casco insurance option any time. To do this, contact your insurance company directly.
5. Insurance for a young driver will be less costly if purchased in the name of their parent
Not true. The insurance premium may be somewhat higher, but a young driver will also need an insurance history record for the future. This knowledge increases responsibility and calls for caution in traffic, because their behaviour in traffic will affect the insurance premium in the future.