This blog post shall debunk common misconceptions about car insurance. Insurance is a complex industry, and as a result, many people find themselves confused as to what is true, and what is false... 🔮
Truth: only one NCB can only be used on one policy at a time.
Truth: many car insurance policies do not cover you for commuting. Consequently, many drivers have found themselves caught out when their claim is denied. Don't worry though, our short-term policies include business use, and all Cuvva driving policies include commuting. 😇
Truth: often those who drive lower value vehicles are more reckless, and care less about the vehicle they are driving. As a result of this, the insurance policy is often more expensive.
Truth: often third party is often not cheaper than fully comprehensive. This is because a larger number of higher risk drivers, opt for third party policies.
Truth: the motor insurance industry last made an underwriting profit in 1993. 😮 See here for more detail.
Truth: insurers have found that individuals who are involved in an incident are more likely to make claims themselves, so unfair as it may seem, your premium can increase as a result of an incident - even if there is no claim.
Truth: this is legal, and Cuvva itself is not double insurance. We'll talk about the legalities and complexities of double insurance in a future blog post.
I hope this clears a few things up! If you have any questions, then you can drop our customer support team a message in the app. 😊
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