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Don’t believe these car insurance myths

  • Auto Insurance
  • Xavier Sabastian
  • 4 minutes

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Most industry sectors have their fair share of myths and misbeliefs about what they offer and how they operate, and the car insurance industry is no exception. You might be astonished to learn how many auto insurance “facts” you’ve been following are myths.¬†We’re delving into some of the most perplexing car insurance questions. So strap in; it’s going to be a rocky journey!

Don't believe these car insurance myths

Car insurance myths and truths

When you reach the age of 25, your car insurance rates decrease.

Yes, they do in general, but not by as much as you might imagine. Our statistics and analysis revealed that the most significant drop occurs at a different age. Try to find which ages experience the most significant price reductions and what factors influence how insurance is priced for younger drivers.

My insurance rate may rise as a result of the color of my car.

In general, this is not the case. When calculating your rate, your car insurance provider will not take the color of your car into account. It may, however, have unintended consequences. 

My car insurance covers anything stolen from my car, as well as vandalism.

If you have comprehensive insurance coverage on your policy, your insurance will cover vandalism or a stolen car, but it will not cover goods stolen from within your car. Your homeowner’s or renters’ insurance, on the other hand, should!

My credit score has no bearing on the cost of my car insurance.

Your credit score is just one of many elements that an insurance provider considers when setting your rate, but it can have a substantial impact. 

I am not liable if someone else drives my car and causes an accident.

This is only true if your car was stolen and the thief was involved in an accident. If you allow someone permission to drive your car and cause an accident, you and your insurance will be held liable. But don’t worry, you and your pal can ensure that you’re covered. Likewise, if you frequently lend your car, your insurance can protect you with the correct package.

My car insurance will not rise due to tickets.

This tale is somewhat hazy. The truth is that they can, but it all depends on the breach. A DUI ticket, for example, will have a significantly more significant impact than a penalty for making a wrong turn. 

If I am not at fault for an accident, my insurance rate will not rise.

This is true most of the time, but there are certain exceptions, such as having a history of no-fault incidents.

Everything is covered under comprehensive coverage.

We give this myth a huge large “false”! Comprehensive insurance covers many things, but it does not cover things like colliding with another car or item. Collision Coverage is required to fill in the gaps left by Comprehensive Coverage. But what do they both mean, and do you need both?¬†

My car insurance rate is not affected by my location.

Contrary to popular belief, your location can have a significant impact on your auto insurance rate, from the type of weather in your area to the frequency with which accidents occur in your neighborhood. 

Don't believe these car insurance myths

After an accident, car insurance will always cover the cost of a rental car.

No way. As much as you may wish it were automatic, rental reimbursement coverage is an add-on to your existing policy that must be added before you are involved in an accident in order to apply. There are a few more requirements for obtaining this coverage, but you’ll see it’s a significant benefit at a low cost once you do.


Check out our blogs for info on finding top-rated airport parking, the best parking spots in your city, and affordable car washes near you.

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