Whether you’re looking to buy a new policy or update your coverage, it’s critical that you understand the factors that affect your insurance costs. Auto insurance is a popular policy as it is mandatory in Lees Summit, MO and other states. That’s why there is a lot of misinterpretation and negative information around. Here are the four common myths we thought you should know about.
Myth #1. Red Cars are Expensive to Insure
Whether you choose to paint your car yellow, pink or purple, color doesn’t play a role in determining your insurance costs. Your insurance company will only be concerned about the model of the car, year of manufacture, engine size, and body type. They will also want to check your driving record.
Myth #2. Senior Drivers Pay More for Their Insurance Policies
That’s quite the opposite. Young drivers or inexperienced drivers are likely to pay more when buying auto insurance as their driving record is yet to be established. On the other hand, seniors or older drivers are eligible for unique discounts depending on the number of years they have been driving.
Myth #3. Other People Who Drive Your Car are Covered in Their Own Policies
The insurance you buy is primarily for your car, not you. That means that it does not matter who was driving the vehicle when the accident happened. Your insurance policy will pay for the injuries other people sustain as long as you gave the green light for the other driver to drive.
Myth #4. Auto Insurance Covers Your Injuries
This is only true if you have personal injury protection (PIP), a specific coverage designed to pay your medical bills in case you’re injured. The minimum liability coverage required by the law does not cover your injuries or damage to your car. That’s why it’s always a prudent idea to speak to an Epic insurance expert to help you determine which additional coverages to buy.
For more information about auto insurance facts, questions, and new policy discussions in Lees Summit, MO, feel free to contact Epic insurance.