Common Car Insurance Myths You Should Know

It’s easy to fall for some of the most common car insurance myths, especially if everyone you know is saying the same thing. Many of us hear these myths as we grow up and fail to question them when it comes time to get our own car insurance coverage in Tampa, FL.

Here are some of the most common car insurance myths debunked:

  • The color of your car affects insurance pricing: We’ve all heard that people who get red cars are more likely to get speeding tickets, so it makes sense that they’d be more expensive to insure, right? Actually, your insurance company will not take your car’s color into account—although other features like anti-theft devices may earn you a discount.
  • Men always pay more than women: Although young men typically pay more for car insurance (because they’re statistically more likely to get into accidents), that doesn’t mean men always pay more. Age, education, marital status and occupation can also factor into the equation.
  • You don’t need a new policy for a new car: Whenever you get a new car, you will need a new, separate insurance policy for it—even if you just paid the premium on your old policy.
  • Your insurance will pay for stolen items: Has a thief stolen your laptop, cell phone or other personal items out of the car? You might assume the insurance will cover it, but in fact, that’s usually covered under your homeowners or renters insurance.
  • Expensive cars always cost more to insure: Insurance companies look at statistics when it comes to setting prices. Even if your sports car costs less than a minivan or SUV, it might cost more to insure because that type of vehicle is involved in more accidents (or costlier accidents) than the minivan.
  • Thieves don’t steal old cars: Don’t skip comprehensive coverage because you have an old car—thieves often steal older cars because they can be stripped for parts to sell. Sometimes older, reliable models are more attractive than newer cars.
  • Anyone borrowing your car is responsible for damages: So, you let your friend borrow your car, only to find out they got in an accident. Unfortunately, you’re still responsible for damages through your own insurance policy. (In other words, be careful about loaning your car to anyone.)
  • Your insurance will go up if you get a ticket: This isn’t necessarily true. Sometimes minor accidents and traffic tickets won’t have any effect on your policy, as long as you have a relatively good driving record. This often depends on your coverage type, so ask questions when getting car insurance quotes in Tampa, FL.
  • No-fault insurance means accidents are never your fault: No-fault insurance is designed to provide money for medical bills while the insurance companies determine who is to blame—it doesn’t mean you’re never at fault.

Now that we’ve debunked these car insurance myths in Tampa, FL, make sure to call Cheap Car Insurance Guru today to find the best policy for your needs.