The process of buying auto insurance is not always fun as buying the car itself. Some people think it’s expensive, complicated, and time-consuming. And to top it all—it’s mandatory. Maybe that’s why there is a lot of myths and misinformation about the entire policy. At homeowners Insurance Group, we are all about making the whole process as simple as possible. We also provide you with information to ensure you make an informed decision. With that said, here are four common myths about auto insurance you should know.
Red cars are costly to insure
Nobody will ask you about your car’s color in Scottsdale, AZ because the color doesn’t affect your insurance rates. However, critical information like model, engine size, and body type play a massive role in determining your insurance cost. Insurers also take into account your driving records and where you live.
Your insurance pays your medical bills if you are injured.
This is only true if you have personal injury protection or medical coverage. Your car insurance is designed to protect other road users and not the driver. Therefore, if your car gets damaged or injured in an accident that you caused, your policy will not cover you.
The older you are, the higher your rates.
It’s actually the opposite. Younger drivers are likely to pay higher rates than older drivers. Older drivers also get discounts, particularly when they pay on time, bundle their policies, or insure their vehicles for more than five years.
You only need liability, which is required by law.
Before you can register your vehicle in Scottsdale, AZ, you must show financial responsibility by getting the minimum liability coverage. Believing that you only need liability can have costly consequences as most accidents go beyond liability. You might be forced to dig into your pockets to pay various damages and injuries if an accident occurred.
Still need clarification about auto insurance? Our friendly insurance advisors at Homeowners Insurance Group can answer all your questions and ensure you get a policy that takes care of your needs. Contact us today.
