Often, we find ourselves rolling our eyes and thinking, "Most companies offer these coverages; you just have to pay for them!" Even my dog raises an eyebrow when she hears me myth-busting in front of the TV.  Beyond these commercials claiming exclusive coverage, it's time to debunk other common auto insurance myths. 

“The red car is more expensive to insure.” 

Color has no impact on your insurance rates. While a red car may catch the attention of law enforcement when speeding, the color doesn't affect your premium. 

“If my friend drives my car and is in an accident, his insurance will pay.” 

Remember, "Insurance follows the vehicle." If your friend borrows your car and has an accident, your policy is the primary one to cover the damages. Your friend's policy comes into play only if your coverage limits are exceeded. 

“I have full coverage insurance, so I am covered for everything.” 

The term "full coverage" can be misleading. It typically includes Bodily Injury and Property Damage for liability and Comprehensive and Collision for your vehicle. However, it doesn't automatically include other coverages like car rental, roadside assistance, or gap coverage. 

“New cars always cost more to insure.” 

Not necessarily. Modern safety features can lead to discounts, offsetting the higher cost of new vehicles. 

“Taking a class will remove a ticket from my MVR (Motor Vehicle Record).” 

These classes remove points but not the incident itself. Insurance companies focus on incidents, not points. While the class may help prevent license suspension due to accumulated points, the incident remains on your record. 

“Cheaper cars cost less to insure.” 

The cost to insure a car depends on multiple factors beyond its purchase price, such as safety features, repair costs, and theft rates. 

“My car insurance will reimburse me for renting a car during a trip.” 

Rental Reimbursement is not coverage for regular travel. It only applies when your car is being repaired due to a covered peril, like an accident or flooding. Check your policy, as this coverage may not be automatic. 

“Moving within the same state won't affect my rates.” 

Insurance rates are also based on zip code statistics. Moving to a more populated area within the same state can result in higher premiums. 

“Filing a claim for stolen Christmas presents from my car is covered by my auto policy.” 

Auto insurance typically doesn't cover personal property. You would need to file a claim on your homeowners policy, considering your deductible. 

“I have up to 30 days to add my new car to my policy.” 

The timeframe for adding a new car to your policy varies by insurance company. It's best to add it immediately to avoid complications and potential coverage gaps. 

“My policy doesn't concern my side business.” 

If your side business involves frequent driving, making money, or advertising on your vehicle, it's essential to inform your insurance agent. Proper rating is crucial to avoid claim denials. Ridesharing programs have specific requirements, so consult your agent for guidance. 

“Adding my teenager to my policy will require a small loan.” 

The impact of adding a teenager to your policy can vary. Some companies offer discounts for good student GPAs or safe driving programs. Reach out to your agent to review your policy and explore available options. 

Remember, insurance myths can be costly. It's always a good idea to consult with your insurance agent to ensure you have the right coverage for your needs.