Auto Insurance Myths Debunked
Finding the right auto insurance policy to invest in is much easier said than done. With all the policy and coverage options that are available, as well as the many auto insurance myths, it can be difficult to ensure that you invest in the right amount of coverage. Make sure you know the truth behind these 3 auto insurance myths so that you invest in the right policy to meet your needs.
- Myth: The color of your car will determine the price of your auto insurance. Your auto insurance company will probably not even ask what color your car is when determining your premiums. The rate of your auto insurance policy is based off the make, model, engine size, body type, driving record, and credit history, but not the color of your car.
- Myth: Your credit score does not affect your auto insurance. When you are looking for the right auto insurance policy, your insurance agent will pull your credit score to help determine your premiums. Studies have shown that people who have higher credit scores tend to file fewer claims, which will help to keep the cost of their policy low.
- Myth: You only need the minimum required amount of liability insurance. While legally this is true, it is not practical. In fact, many insurance companies will not even offer the bare minimum of liability insurance when you are looking for a policy. When investing in a policy, you should opt for the highest amount of coverage that you can afford to ensure that you do not have to pay for any damages out of your own pocket.
Contact the insurance professionals at the Insurance Agency of Dean Davis in Austin, Texas for all of your auto insurance coverage needs to ensure that you have the right amount of coverage for any incident on the road.