While everyone that owns a car needs auto insurance, there are still a lot of misconceptions that float around. People are always looking for the best deal. While this makes sense, it’s important to keep in mind that not every myth is true. Here are the top three myths that people believe, but are simply untrue.
Red Cars Cost More
One of the oldest and yet still most common beliefs is that red cars cost more to insure than other colors. Due to this, some people will stray away from red cars or put themselves into needless stress over insuring their car. The truth is that color has no bearing on your insurance premiums.
Comprehensive Insurance Is Full Coverage
Comprehensive coverage does cover a lot. However, it doesn’t cover everything. For instance, it may not include uninsured motorists or collision with an animal. Comprehensive insurance is for anything that does not involve a collision.
State-Minimum Liability Insurance Is Enough
Most states will require you to have a certain amount of insurance. Many people think that it’s more cost-effective to purchase the minimum requirement. What this also means is that you will pay more out of pocket if there is an accident.
Don’t buy into every myth. If you want to save money on your insurance premiums, knowing the truth will help you make the right decisions. When in doubt, always consult a professional to save money on auto insurance.