A lot of people have been told things regarding auto insurance and immediately just assumed it was true. Don’t put much weight into things that most people tell you when in fact most of it could just be a myth. Search for the truth for yourself to see if what you have heard is fact or fiction. Some of the top myths need to be uncovered for being just that, myths!

Your new car is not automatically covered by any existing policies that you might have. Surely, your insurance company would like to insure your new vehicle but they must be informed about it.

Every state does not make drivers carry liability insurance. The word “every” covers a broad area and the correct word would be “most.”

If someone else is driving your car and is involved in an accident, your insurance covers them, not theirs. It will also be your rates that will be affected.

People think that their rates won’t increase if they are involved in an accident because it is No Fault insurance…wrong! No-fault provisions only mean that regardless of who is at fault, the insurance will pay for any damage. In no way does this indicate that your insurance rating won’t change and your payments will not increase.

Males under 25 years old do not pay the highest insurance rates. Because they have a higher accident ratio, seniors and teens are charged the most for insurance premiums.

If you use your car for business then you will need additional coverage. Your credit information does take part in deciding your insurance premiums.

When you decide to change insurance companies, square up with your current provider first and let them know what is going on. Your credit score will likely be affected by any lapse in coverage on your part.

Repair that results from weather conditions, accidents that are caused from striking something such as an animal, and theft are not covered by any collision insurance. Collision will pay for necessary repairs to your car as an end result of a collision with another vehicle. You need comprehensive coverage for other kinds of protection. If you are traveling and run into an animal resulting in damage to your car, any collision coverage is useless.

There is no specific colored vehicle that costs more to insure. In reality, the color of a car doesn’t have a bearing on the payment at all.