Champaign County Auto Insurance Myths Debunked

Champaign County Auto Insurance Myths Debunked Champaign County Auto Insurance Myths Debunked

Champaign County motorists often come to us with a number of surprising misconceptions about what will and won’t affect their auto insurance rates. It’s our job to help make sure that our clients understand not only the terms of their policies but what we as insurers consider when determining their rates. While there are countless factors that go into determining your Champaign County auto insurance rates, there are also many variables which simply don’t matter at all.

Here are a few common myths about what can and can’t affect your auto insurance premiums and the truth behind them:

  • Red cars attract more tickets, and are therefore more expensive to insure.– This myth evokes images of crazed police officers chasing down red car drivers like bulls hunting a matador, but the truth is police officers seldom give a second thought to the color of your vehicle. The truth is that vehicle color plays no factor in law enforcement or insurance acquisition. While it is true that your insurance provider will likely ask for the color of your vehicle, this information is used for identification and documentation purposes only and not as a basis for premium setting or risk analysis. Insurance providers do, however, take into account many other physical factors such as the make, model, performance aspects and age.
  • Older vehicle cost less to insure.– This is not always the case, in fact older vehicles often require specialty coverage or greater deductibles because they often lack modern safety features such as airbags, seat belts, anti-lock brakes and more.
  • Adding a teen driver to your plan will double your monthly premiums.– While adding a young or new driver onto your insurance plan many not necessairly double the insurance premiums, it will definitely increase your rates. Young drivers are statistically more likely to be involved in an accident and therefore pose a greater risk to insure. There are however a number of ways to lower your rates even with a teen driver, including student discounts and other reductions.
  • Your insurance protects you in whatever car you drive.– This myth is complicated because auto insurance follows both the vehicle and the driver, however it is taken out on a specific vehicle. In most cases the vehicle owner’s insurance policy is considered the default coverage for an insured vehicle should an accident occur. While If you are driving a rented or borrowed vehicle, your insurance will kick in while you have possession of the vehicle, however it depends on both the policy and situation. In many situations, as the driver, your Champaign County auto insurance policy’s liability protection could be called upon to compensate any losses incurred by the owner of the vehicle.

When selecting a Champaign County auto insurance policy, it is important to know what the policy will and will not coverage. At Myers Group, we strive to help our clients understand their risk and loss exposures, and find customizable solutions to help meet their unique needs. We are a local independent insurance agency that offers quality personal insurance products designed with Illinois residents in mind.  For a free quote or to learn more about our auto insurance or any of our polices, contact us today at (855) 534-5707.

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