3 Common Car Insurance Misconceptions

Don’t buy into these car insurance myths.

Anyone who has gone through the process of securing auto insurance in Lancaster, California knows just how confusing the process can be.  The last thing that you need is for misconceptions to complicate things further.  To ensure that you don’t buy into car insurance myths, here are some of the most common ones debunked.

1) “The Color of Your Car Affects Your Coverage Costs”

While there is a rumor that brightly colored cars, such as red or yellow, are more expensive to insure, this simply isn’t the case.  Your auto insurance premiums are based on an array of factors such as the car’s make, model, sticker price, likelihood of theft, and so on.  However, the actual color of the car is not one of the things that auto insurers take into account.

2) “Insurance Costs More the Older You Get”

In actuality, auto insurance for older drivers tends to be cheaper because drivers over the age of 55 can qualify for special discounts.  Additionally, retirees who do not drive as frequently can also save money on their insurance because the less your drive, the lower your risk for an accident.

3) “Your Credit Has No Effect on Your Insurance Rates”

Unfortunately, your credit score can affect your auto insurance premiums.  This is because a good credit score indicates a level of responsibility and levelheadedness.  Not only do insurers feel confident that these policyholders will pay their premiums on time, but they also consider them less likely to showcase reckless driving behaviors.  As a result, people with good credit often end of paying less for insurance.

Don’t believe these misconceptions when securing auto insurance in Lancaster, California.  Do you have more questions about your car coverage?  If so, then contact the team at John E. Peakes Insurance Agency.  We are ready to assist you with all your insurance needs today.

By John E. Peakes Insurance Agency

Since we opened in 1969, John E. Peakes Insurance Agency Inc. has provided personalized insurance solutions for local families and businesses. As an independent agency, we can offer our clients a wide range of coverage options from over 30 carriers. From homeowners and auto insurance to business coverages such as commercial property and general liability insurance, we have the policies that you need.

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