There are a lot of car insurance myths that are out there. This misinformation often lands people in trouble with their insurance companies or when accidents occur. Here are some common misconceptions about car insurance.

Color Plays a Role in Determining Prices of Car Insurance

This is one of the most common car insurance myths. However, like all the other myths, it's not true. Color does not contribute in any way to your auto insurance costs. The price of your car insurance depends on other things, including the make of the car, the body type, the size of the engine, and its sticker price. Apart from that, car insurance companies also factor in things like the cost of repairing the car. Lastly, your own credit score will play a part. According to The Zebra, statistics show that motorists with bad credit pay 114% ($1,546) more than those with a good credit history.

Getting a Traffic Ticket Increases Your Car Insurance Premiums

This is also not true. While it's certainly not a good thing to get a traffic ticket, it will not have that much impact on your car insurance, especially if the ticket is for a minor violation. In some areas, you might even take classes to lower the number of points from your license. This will also lower your car insurance premiums. However, it's worth noting that if you get multiple traffic tickets, you might end up having higher rates.

Car Insurance Premiums Will Not Go Up if You Don't Claim

Ideally, this would be the case. After all, if you don't make any claims, you will be accumulating a no-claims bonus each year. However, apart from making claims, there are several other factors that affect the price of your insurance. For instance, insurers also consider your age. This means that once you get to a certain age, car insurance providers will consider you a high risk, and your premiums will increase. Apart from that, car insurance premiums will also increase if you make particular adjustments to your policy. For instance, if you change your address or if you change jobs.

These are some of the common myths about car insurance. It's important to do your research before you believe what everyone else says about car insurance. If you aren't sure about some car insurance details, contact us today for clarity.