There are many myths surrounding car insurance. Knowing what some of these myths are can be useful when the time comes to get car insurance. With that said, continue to read on to find out what some of the most common car insurance myths are.
- Color Matters – A lot of people are under the impression that the color of their vehicle plays a huge role in how much they will pay for car insurance. The truth is the color doesn’t matter as much as the make and model of the car, or the body style and the size of the engine. Also, the driver’s behavior is one of the most important factors in how much car insurance will cost. In other words, you don’t have to worry too much about the color of your vehicle, at least when it comes to how it will impact your insurance rates.
- Credit Score Doesn’t Affect Rates – Another myth is credit scores don’t affect car insurance rates, but the truth is they may affect rates to an extent. Not all insurance companies do credit checks, but there are many that do, and if they look at your score and it is very low, then you may be faced with higher premiums, which means your monthly or bi-monthly payments may be higher than you’d like. Also, keep in mind credit is just one of the many things that affect your rate.
- If Someone Borrows Your Car, They Are Responsible For An Accident – Many people believe if they let their friend or family member drive their car, then they are responsible for the accident, if they are involved in one. However, that is usually not the case, as many insurance companies still hold the owner of the car responsible for an accident. Some insurance companies don’t, but many do, so before you purchase an insurance policy with a company, you will want to ask them if you are responsible if someone else is involved in an accident while driving your car or if you will be the one held responsible.
The above car insurance myths are just a few of the many. When you shop around for car insurance rates, you should keep the above myths in mind. The only thing you have to do now is start shopping around for car insurance and choose the insurance company that can provide you with the coverage you need.
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