Car Insurance Myths Debunked: What You Really Need to Know
There's a lot of misinformation about car insurance, and believing myths could cost you money. Let's debunk the most common misconceptions so you can make informed decisions.
Myth #1: Red Cars Cost More to Insure
Truth: Insurers don't care about your car's color—they focus on make, model, age, and safety features.
Myth #2: Minimum Coverage Is Always Enough
Truth: While state minimums keep you legal, they may not cover major accidents. Full coverage is often worth the extra cost.
Myth #3: Your Credit Score Doesn’t Affect Rates
Truth: In most states, insurers use credit-based insurance scores to set premiums. Better credit = lower rates.
Myth #4: Older Drivers Always Pay More
Truth: While teens pay high rates, seniors often qualify for discounts due to their experience.
Myth #5: Your Insurance Covers Everything
Truth: Most policies exclude wear-and-tear, mechanical failures, and intentional damage. Always read the fine print!
Bonus Tip: How to Avoid Overpaying
Increase your deductible (if you can afford it).
Remove unnecessary add-ons (like rental car coverage if you rarely use it).
Ask about loyalty discounts (some insurers reward long-term customers).
Conclusion
Don't let myths dictate your car insurance choices. By understanding the facts, you can get the best coverage at the right price.