Most Famous 3 Three of History’s Of Auto Insurance Myths

What would you say if we told you you’d been lied to for most of your life? No, you didn’t click the wrong page and land on a government conspiracy website. We’re not that bad! We are, however, about to open your eyes up to the number of auto insurance myths you’ve been told since you got your license and what you really need to know.

Myth #1: Your first speeding ticket is going to make you a high risk driver.

All right, whoever started this myth had to have been a parent trying to keep their teenager on the straight and narrow. There’s no other explanation for such a gross exaggeration! No, you’re not going to be doing yourself any favors by picking up a speeding ticket, but it’s not going to do any permanent damage to your auto insurance rates.

Here’s how it’s going to go when you get your first speeding ticket. If you’re over 18 you’re going to be given the option to just pay it off and forget about it. You’re not going to have that choice if you’re under eighteen, but that’s okay. Why? Because that’s not what you want to do anyway!

In most counties you’re going to have the option to appear before a judge and request driver’s school and/or community service instead of being convicted of the speeding ticket. If you do what the judge tells you and pass your final exam for driver’s improvement (which you have the option to do online) the speeding ticket will disappear like it never happened and your auto insurance company will be none the wiser.

But even if you can’t get out of the ticket it’s still not going to kill your auto insurance rates.

Myth #2: You’re going to pay more money to insure a red car.

It doesn’t matter what color your car happens to be. Anyone who thinks someone driving a red car is more likely to driver fast and carelessly has never been stuck behind a red pick-up moving at 2 mph on the highway! You are going to have to pay more to insure a red sports car, but that’s because the replacement cost of your vehicle is higher. It has nothing to do with the color. You’d be paying just as much for auto insurance for an orange or a green one.

Replacement cost, risk (as dictated by the Highway Data Loss Institute) and your personal driving record are going to be the deciding factors when it comes to your insurance premiums.

Myth #3: If your car is “souped up” you’re going to pay more to insure it.

Your insurance company really doesn’t care what kind of engine you have under the hood or how much money you’re put into your car except as relates to replacement cost. Again, a souped up car is going to cost more to replace, and if you’ve done enough upgrading you may find that it’s hard to find an insurance company willing and able to insure you at all. But that’s going to depend on what the auto insurance companies you contact about auto insurance quotes have to say about upgrades. It’s going to be between you and them.

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