3 Auto Insurance Myths Every Driver Must Know

​Choosing the best car insurance for you is already challenging. The misconceptions and wrong information make it even more difficult to understand coverage and policies. There’s no reason for you to get caught up in this dilemma. Here are three popular myths about car insurance and the truth behind them.

1. You Can Settle for the State’s Minimum Limit
   Many drivers get the minimum insurance coverage mandated by their state. But the notion that you can just set your policy to the basic amount required by your state is not only a myth, it can also hurt you in the long run. For instance, if the minimum coverage is $25,000 and you’re involved in an accident that resulted in $75,000 worth of damages, you’ll be shouldering $50,000. Many states also don’t require collision and comprehensive coverage, but if you just settle for the minimum, your car won’t be protected from damages.
   
   
2. Tech Features Will Lower Insurance Rates
   Smart safety features for vehicles have become more prevalent over the years. From high-tech headlights to rear-view cameras, companies have developed devices and technology to keep you safer and reduce the risks of car accidents. Because of this, some drivers believe that these gadgets will keep insurance rates down.
   
   However, devices like advanced driver assistance systems (ADAS) are expensive to replace. They can actually push premiums up as providers are worried about having to replace or repair them. But some safety features, like GPS tracking, anti-theft systems, and stability controls will earn you discounts.
   
   
3. Smaller Cars Mean Lower Insurance Cost
   A small car equals lower insurance cost is another myth that vehicle owners should understand. What you should keep in mind is that size doesn’t correlate to cost. One research even showed that the most affordable car to insure was an SUV. Surprisingly, the most expensive car to insure was one of the smaller sedan models.
   
   While the car’s size will affect your insurance rate, there are other factors that providers consider, like your age, profession, where you live, your credit score, driving habits, and the car’s age and safety rating.

The right information is vital in selecting the best car insurance policy. Make sure you educate yourself so you can make the correct choice.  

At Cornerstone Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 661-8831. Get your free quote today by CLICKING HERE.