Auto insurance works on very simple policies and is overflowing with myths and wrong information due to lack of comprehension of the system. Lets touch base on a few of the most popular auto insurance myths.
New cars are stolen more often than older cars
Another variant of this myth is that the more expensive a car is the more likely it is to be stolen, there is absolutely no base to these myths and in fact there are statistics to prove otherwise. Cars are stole based on their demand in the market and nothing else. A car which is in high demand will always require spare parts such as body panels engine components and even entire engines. Most cars that are stolen are broken down and their components are sold as used spares. The most stolen car is the 1995 Honda Civic and the 1991 Honda Accord in hot … Click here to read more