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What you need to know about auto insurance

Gazette staff March 9th, 2011

Since state drivers are required by law to have auto insurance, you might as well school yourself in what’s true and what’s not. According to the Insurance Information Institute, these are the eight top myths about the product.

Myth 1. Color determines price of auto insurance.
Myth 2. It costs more to insure your car when you get older.
Myth 3. Your credit has no effect on your insurance rate.
Myth 4. Your insurance will cover you if your car is stolen, vandalized or damaged by falling limbs, hail, flood or fire.
Myth 5. You only need the minimum amount of auto liability insurance required by law.
Myth 6. If another person is driving your car, his or her auto insurance will cover them if they get in an accident.
Myth 7. Soldiers pay more for insurance than civilians.
Myth 8. Personal auto insurance covers both personal and business use of your car. —Gazette Staff

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