Top 4 Insurance Myths - Number 3 Will Surprise You

November 18, 2021 | CAA Insurance

Woman with group of people in a car together, ride sharing in city,

How much do you know about insurance? Here are four commonly held beliefs you may have all wrong.

If I'm loyal to my insurance company, I'll always get the best rates for my coverage.

To get the best rates and the right coverage, it may be better to shop around because not all auto insurance companies offer a loyalty discount. Those that do typically offer just 5%. And a loyalty discount doesn't necessarily mean the best available rate - just the best rate your insurance provider is willing to offer you. 

Only CAA Members can have CAA Insurance

CAA Insurance is available to anyone who wants coverage with that special CAA difference. That means auto insurance that rewards safe driving and home insurance that covers electronic and appliance breakdowns.

Red cars are more expensive to insure

The colour of the car you drive doesn't affect the price of your policy. What does is the make, model, and year of your car, as well as your driver history and who else is driving it, among other factors.

All insurance providers charge the same rates, more or less

It's easy to get complacent when you already have an insurance policy. You pay the premiums, you get the coverage. But you may be paying more if you don't shop around.


Find out the ways that CAA Auto Insurance1 has you covered. Life isn't one-size-fits-all. Neither is CAA Insurance. CAA Members save up to 20%2 on rates and save an extra 5% when they bundle with CAA Home Insurance. Book an appointment with an Agent online, call 1-833-665-8237 or click here to get a CAA Auto Insurance quote online.

 

1 Auto and Property Insurance are underwritten by CAA Insurance Company. Certain conditions, limitations and underwriting guidelines apply.
 2  To qualify for the discount you must be a current CAA Member in good standing (CAA Membership dues paid in full by membership expiry date). Eligible CAA Members may qualify to receive a Member Loyalty Discount based on membership tenure and Roadside Assistance usage.

Tags: CAA Insurance, Auto Insurance

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