Shopping for auto insurance may be a hard task, especially if you have never done it before. There are so many things and factors that need to be taken into consideration. It is even more complicated because of so many misconceptions about auto insurance that can make shopping more confusing. To help you make an informed decision and pick the right policy, here is a list of the most common myths about this type of insurance prepared by Tarheel Insurance Group serving Wilmington, NC:
Myth 1: Older Drivers Have to Pay More For their Auto Insurance
The truth is that it is completely the opposite. If you are an older driver, you may be qualified for different discounts. For example, drivers at 55 and older can reduce their auto insurance costs if they successfully finish an accident prevention course.
Myth 2: A Credit Score Does Not Have an Impact on Your Premiums
Unfortunately, it does. A good credit score serves as an indicator for insurance companies that a person is a good driver and less involved in car accidents. Therefore, in most cases, drivers with lower credit scores have to pay more for their car insurance.
Myth 3: Red Cars Cost More To Get Insured
The good news is that the color of your car does not determine the cost of auto insurance. Many other factors impact your premium, and color is not one of them. Therefore, if you are an owner of a red vehicle, you have nothing to worry about – you will not have to pay for your insurance more than owners of other cars.
In the state of North Carolina, driving without proper auto insurance is considered illegal. Therefore, if you have purchased a car, one of the first things you need to consider is getting an auto insurance policy to protect your precious possession, yourself, and other people on the road. Tarheel Insurance Group is an insurance agency serving Wilmington, NC is ready to assist you and help you choose the perfect auto insurance. If you have any questions, do not hesitate to visit our website or give us a call.