Auto insurance can be confusing, and there's no shortage of myths and misconceptions floating around. Let's separate fact from fiction.
Myth: Red Cars Cost More to Insure
False. Your car's color has zero impact on your insurance premium. Insurers look at the make, model, year, engine size, body type, and safety features — not the paint color.
Myth: Older Drivers Always Pay Less
Not necessarily. While experience helps, drivers over 65 may see rate increases due to factors like reaction time and vision changes.
Myth: Your Credit Score Doesn't Affect Your Rate
False. In most states, insurers use credit-based insurance scores as one factor in determining premiums.
Myth: Minimum Coverage Is Always Enough
Dangerous assumption. State minimums are often far too low to adequately protect you in a serious accident. Medical bills alone can easily exceed minimum liability limits.
Myth: Your Insurance Covers Everything in Your Car
Not automatically. Standard auto policies have limited coverage for personal items stolen from your vehicle. Your homeowner's or renter's insurance may provide additional coverage.
Understanding the facts helps you make better insurance decisions. Contact BlackArrow for a policy review.
