Auto insurance is a necessity for all car owners, but it can be a confusing topic with many myths and misconceptions surrounding it. From the cost of coverage to the factors affecting premiums, there are several myths that need to be debunked to get you the right coverage.

Red cars are more expensive to insure: One of the most widespread myths about auto insurance in Columbus is that red cars are more expensive to insure. The color of your vehicle has no impact on your insurance rate. Insurers base premiums on factors such as your driving record, vehicle make and model, age and years of driving experience. So, whether your car is red, blue, or black makes no difference to your insurance premium.

Minimum coverage is enough: Many drivers opt for the minimum liability coverage required by law, assuming it will provide adequate protection. However, the minimum coverage may not be enough in case of an accident. It only covers damages to the other party involved in an accident, leaving you responsible for your own vehicle repairs and medical expenses. It is advisable to choose coverage that suits your needs and adequately protects you financially.

Older cars are cheaper to insure: Contrary to popular belief, the age of your car does not directly determine your insurance premiums. While older cars may have lower market values, they can also be more susceptible to damage due to wear and tear. Additionally, older vehicles may lack certain safety features and have a higher risk of theft. All these factors can influence your premium, and it’s essential to consider them when determining the right coverage for your older car.

Comprehensive insurance covers everything: Comprehensive insurance is often misunderstood to provide coverage for any damage to your vehicle. However, it primarily covers non-collision incidents like theft, vandalism, fire and natural disasters. It does not cover regular maintenance or mechanical breakdowns, which are better addressed through extended warranty or mechanical breakdown insurance. Make sure you understand the specific coverage details and limitations of your insurance policy.

Your credit score doesn’t affect your premiums: Insurance companies consider various factors when determining your auto insurance premium, and your credit score is one of them. Studies have shown a correlation between a person’s credit history and their likelihood of filing a claim. Individuals with poor credit scores might be viewed as more high-risk drivers, leading to higher premiums. It’s important to maintain a good credit score and check with your insurer about their credit-based insurance score policy.

Your insurance covers you when you use your car for business: If you use your car for business purposes, whether you’re a delivery driver or you use it for regular business trips, your personal auto insurance policy may not cover you adequately. Most personal policies exclude coverage for accidents that occur while using the vehicle for commercial purposes. It’s crucial to inform your insurance provider about any business use of your car and explore options for commercial auto insurance or additional coverage.

By debunking these common myths, we hope to help you understand auto insurance better and make informed decisions when choosing the right coverage for your needs. Remember, it’s always wise to consult with your insurance agent or broker to get the most accurate and relevant information specific to your situation.

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