Even the most experienced drivers in Texas are sometimes perplexed by how auto insurance actually works. Considering insurance policies and the laws governing them differ from one state to another, it makes sense that people moving here or visiting from other parts of the country might be a little confused. For that reason, we’ve decided to make things a little simpler and debunk the top 6 myths about auto insurance in Mansfield and other parts of Texas.

Car Color Impacts Insurance Premiums

While it’s true that bright fire-engine red cars certainly stand out more on the road, the color of your vehicle doesn’t actually have any bearing on your insurance premiums. Factors that do determine your auto insurance rates include: the make, model, and age of the vehicle; the type of engine it has; repair costs; the likelihood of it getting stolen; and its safety record.

Auto Insurance Covers Personal Belongings in Your Car by Default

This is a common misconception and to be honest, we’re not sure where it started. Auto insurance only covers damage caused to your car, not the contents of it. If someone breaks into your vehicle and steals its contents or your stuff gets damaged in a collision, you need to file a claim with your home or contents insurance.

No-Fault Auto Insurance Causes Reckless Driving

Reckless driving is an incredibly serious charge. Even if your insurance policy does cover reckless driving damages, they’ll only pay up to the maximum amount offered by your coverage. Most drivers still try to maintain a good driving record regardless of this coverage to avoid causing an accident.

New Cars Are More Likely to Get Stolen

On the contrary, thieves are actually more likely to steal older vehicles thanks in large part to the value and versatility of their parts. That’s right—the individual parts of older vehicles like a 1996 Honda Accord or a 2000 Dodge Caravan are actually worth more on the black market than the entire vehicle itself!

Insurance Covers Theft, Vandalism, and Damage from Natural Disasters

Actually, this is only true if you purchase a comprehensive auto insurance policy in addition to your standard collision coverage. And the amount of coverage your able to purchase varies from state to state, so be sure to check your policy requirements based on where you live.

Insurance Premiums Automatically Increase with Age

Again, we’re not sure where this myth originated, but the opposite is actually true. Provided you have an overall good and clean driving record, your insurance premiums are likely to decrease as you get older. This is because the older population tends to drive less frequently and for shorter distances because many of them are retired or only work part-time.

Discover why Farmers Insurance – Crystal Schuder Agency offers the most affordable, reliable, and comprehensive coverage for your needs. Whether you’re looking for commercial or personal auto insurance, we can help you choose the right policy that fits within your budget. Contact us today to learn more!

Picture Credit: iStock.com/LeManna

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