Auto Insurance Myths

Auto insurance is something every need, but there are a lot of myths surrounding the issues in Pembroke Pines, FL. One of the best ways to get the information you need is by speaking with an agent at McCormick Insurance Inc., but some of the common myths are dispelled below.

Myth 1: Insurance on red cars costs more.

Many insurance companies won’t even consider the color of the car, and instead, your rate is based on a combination of things like make, model, age, body type, driving record and driver age.

Myth 2: If you drive a sports car, you pay more.

Just like with red cars, there are a number of factors that determine rates, and demographics play a role. If the average age of a certain sports car is higher, then insurance rates won’t be as high for that particular model.

Myth 3: Insurance will pay if the car is totaled.

Insurance companies will pay fair market value on the car. This is usually less than the balance of the car and the owner is responsible for the difference. In order to be fully covered, speak with an agent about GAP coverage.

Myth 4: Auto insurance will cover you if the car is stolen or vandalized.

You won’t be covered if your car is stolen or damaged unless your policy includes comprehensive coverage. Bare bones policies don’t require this coverage and it’s something that needs to be added to pay for damages that are not part of an accident.

Myth 5: You will have coverage for a rental car.

Just like comprehensive coverage, rental car reimbursement is not automatically included and should be added if you think this will be necessary. There are limits to the coverage, so know how many days you get the rental car and how much insurance will pay.

Contact McCormick Insurance Inc. serving Pembroke Pines, FL to get a quote for auto insurance and get your questions answered.