Profile of Red CarWhen it comes to auto insurance, people know that it's required by law. And in many cases, that's about it. Plenty of people, especially young adults, don't understand the nuances of car insurance until they need to file a claim. But that may prevent people from getting the coverage they need, or the best price on that coverage.

Auto insurance is so prevalent, it's no surprise that myths fly around when it comes to the nuances of these policies. Let's take a look at a few of the most common auto insurance myths, and debunk these myths using actual facts.
  1. Red Cars Cost More to Insure: Many people think that auto insurance for red cars is more expensive than coverage for cars of a different color. But insurers don't factor in the color of your car when determining rates. Factors that do make a difference are the make, model and year of your vehicle, along with your age, driving record and other related factors.
  2. Car Insurance Covers Your Personal Belongings: Cars become somewhat of a second home and people tend to keep belongings inside of them — such as laptops, clothing, sporting gear, iPods and more. If these items are damaged or stolen, many people think they can file a claim on their car insurance. However, car insurance covers only your vehicle. Those other belongings would be covered by your home or renters insurance.
  3. Your Location Doesn't Influence Rates: Since auto insurance is required across the country, it's often believed that rates are similar regardless of your location. However, your location can play a significant role in determining your rates. For instance, rates for people living in a high-crime area may cost more than those who make their home in a safer neighborhood. Additionally, all states have unique laws regarding coverage limits, which can affect your premiums.
The best way to learn more about your auto insurance and ensure that you're getting a good deal is to talk to your independent insurance agent. At the very least, you should review your policy with your agent annually to ensure it continues to meet your needs.

Review your coverage today. Call Fulton Agency, Inc. at (954) 752-8610 for more information on the Florida auto insurance policies we offer.
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