Our team at Innovative Insurance Group has extensive experience in the insurance industry, and we want to help you find the right coverage for your needs. We have been helping clients like you since 2015, and over the years, we have found that many people have some misconceptions about auto insurance and how it works. In this article, we will go over a few of the most common mistaken ideas about auto insurance and give you the accurate information you need.
- Myth: Insurance follows the driver, not the car. – One of the most common false ideas people believe about auto insurance is that the policy follows the driver instead of the car. In other words, people believe that if someone else is driving their vehicle, and that person gets into an accident, then that driver’s insurance policy will kick in to cover the damage. In reality, the insurance policy belonging to the car will apply—so if it’s your car, then your insurance policy applies.
- Myth: Your insurance rate can be affected by the color of your car. – There’s a common urban legend that red cars cost more to insure than vehicles of other colors. Fortunately, this is not true. Insurers consider many factors about a vehicle when calculating insurance rates, such as the make, model, and safety features, but the color of the paint is not one of them.
- Myth: Full coverage insurance covers everything. – A third common misunderstanding about auto insurance is that full coverage insurance covers all possible scenarios. Unfortunately, this term is misleading, and a full coverage policy will not protect you in all circumstances—for example, many full coverage options do not include things like rental cars or roadside assistance. If you want truly comprehensive auto insurance, we encourage you to work with our team to find the best options for your needs.