Common Myths About Auto Insurance

It is not easy to choose the right auto insurance, especially if you have never done it before and if there are so many myths about it.  In order to help you make the right choice, Griffin Insurance Agency, serving Mooresville, NC has prepared a list of misconceptions about auto insurance that you should know about:

Red Cars Are More Expensive To Insure

The truth is that the car’s color is not one of the factors in how your auto insurance is calculated. There are other things affecting the cost of insurance, including the model and the age of your car. 

Expensive Cars Cost More To Get Insured

The purchase price of a vehicle does not have an impact on the cost of the premium. Some mid-priced cars may cost more to insure than expensive luxury cars because they cost more to repair or they have a higher loss history. 

Getting Traffic Tickets Will Increase The Cost of Your Auto Insurance

If your driving record is clean and the violation is minor, it may not have an impact on the cost of insurance. However, the more violations and traffic tickets you have, the higher your chances of getting your premium increased.

The State-Minimum Liability Insurance Is More Than Enough 

In most cases, the state-minimum liability insurance is not enough to cover damages in case of an accident. Therefore, if you decide to buy the state-minimum only, you should be ready to pay most of the expenses out of pocket. 

Having auto insurance is a requirement in most of the states, including North Carolina. Now you know the most common myths about auto insurance and will be able to choose the perfect policy based on your insurance needs and budget. If you have any questions about it, do not hesitate to contact Griffin Insurance Agency serving Mooresville, NC, and other surrounding areas  – our agents are ready to answer all your questions.