Pennsylvania Auto Insurance Myths vs. Facts

There are many myths about car insurance rates that we have all heard through the years, but are some of them really true? Auto policy holders need to know what is fact and what is fiction when it comes to what insurance companies look at when determining car insurance rates.

1. Myth: The Color of a Car Can Cost More

The truth is the color of the car does not affect the cost of your car insurance as is widely believed. Insurers don’t normally even ask for the color of your car. What they are more interested in knowing is the make and model of your car, the year, the body style, engine size and in some instances where the car will be kept (garage/driveway, street parking, etc.).

What does matter is the drivers’ behavior. Red is a “fast” color so you could find yourself driving more aggressively. Speeding, reckless driving or other moving violations that result in “points”, can certainly affect the cost of premiums no matter if your car is red, black or grey.

2. Myth: I’m not responsible if a friend wrecks my car

Car Insurance follows the car, not the driver, so if a friend wrecks your car, you are responsible for the damages. Even though you may not have been responsible for the car accident, you are responsible for the claim and it will go on your insurance record. That could end up resulting in a higher premium for you.

3. Myth: Personal property inside my car is covered.

If any items like a laptop, jewelry, or tools for example are damaged or stolen in the course of an incident, you may file a claim with your home insurance or renters insurance policy but not through your car insurance.

4. Myth: Nobody wants to steal my old car.

Wrong. Car thieves actually prefer older models because they are easier to steal. They have fewer security measures making it easier to break into. Older car parts are normally worth more money also. In fact, a 2007 bureau report that listed the most stolen vehicles included a 1995 Honda Civic, a 1991 Honda Accord and a 1989 Toyota Camry.

5. Myth: Small cars are always the cheapest to insure.

This is false. The size of a vehicle is a factor for insurance rates, but smaller doesn’t necessarily mean it’s better. Smaller cars usually sustain more damage when involved in an accident, and people driving them sometimes sustain greater injuries. Therefore, check into something like a mid-sized SUV, it’s still small but more durable and may cost you less to insurance it.

Some of these common car insurance misconceptions hold many people back from getting the coverage they need. Knowing what actually affects your auto insurance will help you to better understand your rates and avoid having them go up. If you have any questions please don’t hesitate to call and speak to one of our agents. Give us a call today 724.479.9378.

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