Color Affects Insurance Rates

The color of your car, including red, does not impact your insurance rate. Rates are based on the car's make, model, age, and safety features

Insurance Follows the Driver

 Car insurance actually follows the car, not the driver. If you lend your car to someone and they have an accident, your policy covers the damages​

Comprehensive Cover for Old Cars Unnecessary

Thieves often target older, popular models like Honda Accord or Toyota Camry for their parts, making comprehensive insurance important regardless of car age

Expensive Cars Cost More to Insure

 Insurance costs are more influenced by a vehicle’s loss history and repair costs than its sales price. Some mid-priced cars can cost more to insure than luxury cars

Traffic Tickets Always Increase Rates

Not all traffic tickets result in higher insurance rates. The impact depends on the severity of the violation and your driving history

Insurance Company Can Cancel Anytime

 Insurers can't cancel your policy mid-term without valid reasons like non-payment or fraud. They can choose not to renew at the end of a policy term for various reasons​

Third Party Cover Cheaper than Comprehensive

Third party insurance isn’t always cheaper than comprehensive; the latter might even be less expensive due to more competition and coverage benefits

No Claims Equals Lower Premiums

Premiums don’t always decrease with no claims. Factors like age, policy adjustments, and external economic factors can affect premiums

Personal Property Covered by Auto Policy

Personal items like laptops aren’t covered under auto insurance policies. These are typically covered by home or renters insurance

Personal Insurance Covers Business Use

Personal auto insurance doesn’t cover business use of your car. Using your car for business without proper coverage can lead to claim denial​