1. Purchasing of insurance is so much easier than making claims.
2. Car or Auto insurance is the only type of insurance that policy owner would avoid claiming. Because if you were to claim, the premium will be extremely expensive the following year.
3. Strangely, the car insurance quote for older people who are between 50 and 65 are the lowest because these group pf people are considered the safest. Obviously, reflexes are not considered by insurance companies.
4. The car insurance quote for 25 years old and below are the most expensive. Many people feels that it is better to walk than drive when you are 25 years old and below.
5. In some countries, married people pay less in car insurance premium because they are considered to be more responsible people. What if they are 25 years and below, and married, what will their car insurance quote be?
6. Insurance companies called possible losses – ‘exposure’. Why can’t they use ‘potential losses’ in their policies? in their car insurance premiu, because they are considered to be safer than men. Whenever there is a highway chain accident, usually as you move forth, you will see the first car is driven by a lady driver.
8. Car insurance is the only financial product that you are actually paying for nothing and you would not get anything back when it matures.
9. Two-doors cars are consider high-risk because they are generally and mostly sport cars. In Singapore, one such insurance company considered Mazda RX8 (Sport Car) as a 4-doors car. The two little doors at the rear can’t even opened from outside. You can’t open that door unless the front door is opened. I would prefer to call them covers instead.
10. Many car owners only found out that standard auto or car insurance policies do not cover damages due to flood when it happens. 90% of car owners do not read their car insurance policy and did not know that.