There is a lot of false information floating around out there about car insurance – here are six common myths and the truth behind them!
1. Red cars cost more to insure: False.
The color of a car doesn’t come into play when determining insurance premiums – but the make and model certainly do, because of the cost to repair or replace parts, the likelihood of theft, and the safety features included.
2. Thieves are more likely to steal a fancy new car than an old one: False.
Thieves tend to target older, more common cars because there is more of a demand for their parts. The top two most-stolen vehicles of 2017 (by a landslide) were the 1998 Honda Civic and the 1997 Honda Accord. Comprehensive insurance will cover theft, as well as vandalism, hitting an animal, and other acts of nature.
3. Car insurance costs less when you get married: Depends.
Married drivers have a statistically lower accident rate than single drivers, so rates are typically lower for married folks than single ones. However, if your spouse has a poor driving record or bad credit, your cost might actually go up.
4. Getting a ticket automatically raises your rates: False.
While filing claims and getting traffic tickets are certainly things that can dramatically raise your insurance rates, it depends on the nature of the infraction and your previous driving record. Many companies offer built-in accident forgiveness for those who have proven themselves to be low-risk drivers, meaning your rate won’t change if you have a fender bender or a small speeding ticket. But if you’re convicted of a DUI or other serious offense, you can count on a big jump in your rate – or even nonrenewal of your policy.
5. Anything stolen from inside your car is covered by your auto insurance: False.
Personal property is more likely covered by your homeowners or renters policy, even if it’s not inside your home at the time it’s stolen. Such claims are subject to your policy deductible, though, so try to limit your risk of theft by keeping valuables locked up, out of sight, or on your person.
6. If someone borrows your car and gets into an accident, their insurance is responsible: False.
In Washington, the insurance follows the car. If someone else drives your car and has an at-fault accident, your liability insurance will pay out until benefits are exhausted. Only then will the driver’s insurance policy come into play, if any costs remain. The only time the driver’s insurance acts as primary coverage is if you do not have your vehicle insured (tsk, tsk).