There are many misconceptions regarding car insurance that make it difficult for drivers to separate fact from fiction. This can hinder a driver’s ability to make an informed decision when selecting an auto insurance policy. 

That's why we’re going to pick apart and debunk some of the most common car insurance myths to make it a bit easier for drivers to really understand why some drivers may get lower rates than other drivers. 

Myth #1: My insurance rates will go down the longer I’m with my insurance company. Your rates do not automatically go down due to the length of time with your insurance company. However, you may be offered future discounts on your policy for driving safely and avoiding accidents or traffic tickets. The length of time is not what matters. What matters is the length of time that you've maintained a safe driving record. 

Myth #2: If I get a traffic ticket, my insurance rates are going to go up. Generally, insurance companies only check your driving history when you first sign up for insurance. However, some companies may run your driving history record through each time your policy renews. This depends upon the insurance company’s policy. 

Myth #3: The comprehensive coverage myth. There is some confusion for many drivers regarding the difference between comprehensive coverage and collision coverage. You may feel safe with just comprehensive coverage, but know that comprehensive coverage does not cover you in the event of an accident. This is why full-coverage includes both comprehensive and collision. Comprehensive coverage will only cover damages as a result of vandalism, fire, auto-theft, severe weather events and things of that nature.  

Myth #4: My older vehicle will cost less to insure than a higher priced vehicle. The price of your vehicle is not the only determining factor of your auto insurance rates. Larger vehicles typically cost more to insure compared to smaller vehicles. 

Myth #5: I only need the minimum insurance for my vehicle. This is a myth because when planning your auto insurance coverage, you need to consider all of the “what ifs” that could occur. What if you have an accident? What if your vehicle breaks down? If you have minimum coverage and find yourself in an accident, you may regret it later. 

Learning to separate fact from fiction now when it comes to auto insurance can help you make smart choices later when selecting an auto policy.