Auto Insurance Facts and Myths You Must Know

Auto insurance is a must for any driver. It protects you, your vehicle, and other people in case of an accident. Several misconceptions about auto insurance can cost you money and put you at risk.

Here are 11 auto insurance facts and myths you should know.

• • Red cars cost more to insure

    One of the most common myths about auto insurance is that red cars cost more to insure. However, this is not true. The color of your car has no bearing on the auto insurance cost. The factors that impact your auto insurance cost are the car's make and model, driving record, age, and location.

  • You only need the state minimum amount of auto insurance

    Another myth about auto insurance is that you only need the state minimum amount of auto insurance. While it is true that each state sets a minimum amount of auto insurance that drivers must have, this is only sometimes the right amount of coverage for every driver. You may need more coverage than the state minimum, depending on your circumstances. For example, driving an expensive car may need more coverage than the state minimum to protect your vehicle adequately.

  • Advanced safety features save you tons of money in premiums

    People also often think advanced safety features will save them tons of money in premiums. While it is true that certain safety features, such as anti-lock brakes and airbags, can help to lower your premiums, they are usually not enough to significantly reduce your premium. The make and model of your car is the most important factor in the auto insurance cost.

  • If you let someone drive your vehicle, damages will be covered by their insurance

    Many people believe that if they let someone else drive their vehicle, any damages will be covered by the other person's insurance. However, this is not true. Your auto insurance policy is tied to the vehicle, not the driver. So if your car is damaged while someone else is driving it, your auto insurance policy is the one that will cover the damages.

  • The older you get, the more expensive auto insurance is

    Another myth is that the older you get; the more expensive auto insurance is. While it is true that your premiums may increase as you age, age is not the only factor. Your driving record, the make and model of your car, and your location are also important factors that can affect the cost of your auto insurance.

  • Business use of your car is covered by personal auto insurance

    Another myth is that your auto insurance policy covers the business use of your vehicle. This is not true. You will need a commercial auto insurance policy if you use your car for business purposes. Personal auto insurance policies do not cover the business use of your vehicle.

Need Help with Auto Insurance? Contact Scavone Insurance!

At Scavone Insurance, we understand the importance of having the right auto insurance. We specialize in providing personalized auto insurance coverage to fit your needs. With our expertise and extensive network of insurance providers, we can help you find the best coverage at an affordable range. Contact us today to get started!

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