Misconceptions about auto insurance can make it difficult to make wise insurance choices. At Stanley Insurance Group, we’ll help you distinguish insurance facts from the fiction so you can get the coverage you need. Here are some common auto insurance myths that many people still believe.
Myth: The color of your car affects your premium cost.
Many people still believe that red cars are more expensive to insure than cars of other colors supposedly because owners of red cars drive faster and in a more reckless manner. The truth is that car color has no bearing on auto insurance costs in Hilliard OH. Factors like your age, driving record, car type, and car use, however, can affect your auto insurance rate.
Myth: If you loan your vehicle to a friend and he has an accident, his insurer will cover injuries and/or damages.
Car insurance follows the vehicle, not the driver. This means that your insurer is responsible for damages if you loan out your car and that person causes an accident. That’s why you should be very careful when loaning your vehicle to another driver.
Myth: Car insurance rates in Hilliard, OH can be negotiated with your insurer.
Auto insurance rates aren’t negotiable, per se, as they are regulated by federal and state guidelines. You may, however, qualify for discounts on your premium if you’ve completed a driving course, have a safe driving record, drive infrequently or own a vehicle with advanced safety features as this makes you a low-risk driver.
Myth: Your credit score doesn’t affect auto insurance costs.
Actually, many insurers factor in your credit rating when determining your auto insurance costs as it’s a reflection of your ability to manage money. If you have good credit, you’re considered a low risk for filing a claim due to an accident.
For more information about auto insurance, call or visit Stanley Insurance Group today.