5 Common Myths About Car Insurance
By now, you know the importance of having a good insurance policy for your vehicle. However, insurance can still be difficult to understand sometimes. It is important to be able to distinguish myths from facts so that you do not make costly mistakes.
Here are some common misconceptions about car insurance.
The Color of Your Car Will Affect Your Insurance Rates
One of the most common myths about car insurance is that insurers take the color of the vehicle into account when determining rates. However, the color of your car does not have any effect on how much your premiums will cost. Insurance companies place more importance on other factors, such as the make and model of your vehicle and its safety features.
If Someone Borrows Your Car and Gets Into an Accident, That Person Is Responsible for the Damages
If you let a friend or family member drive your car and that person gets into a crash, they will not be held liable for the damages. Your insurance policy takes care of the damages from an accident, regardless of who was driving your vehicle.
Tickets Automatically Make Your Rates Go Up
Many people worry that getting a single ticket will make their car insurance rates skyrocket. However, this is not always the case. If you received a ticket for something minor and you have never gotten a ticket before this, your rates might not go up.
Personal Property Is Covered By Your Car Insurance Policy
Personal property actually is not covered by your auto insurance. Therefore, if you leave a laptop or other item in your vehicle and it gets stolen, your car insurance policy will not reimburse you for that. Personal property is covered by your home or renter's insurance policy.
Your Credit Score Will Not Affect Your Rates
It turns out that your credit score can impact many things in your life, including your auto insurance rates. Insurance companies tend to offer lower rates to people with good credit scores because they are less likely to file claims. If your credit score is not up to par, try to raise it.
As you can see, there are a lot of misconceptions about car insurance. and how your policy is made. If you want to learn more about your auto insurance options, contact a reputable insurance agent today. They can help you choose an affordable policy that meets all your car insurance needs.
