Myths You Believe About Your Auto Insurance

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Myths You Believe About Your Auto Insurance

Get free insurance advice on demand!

Whether you have just bought your first vehicle or are looking to renew your auto insurance in CT, you’ll need to do a fair amount of research to get the best available policy. In order to get the right terms and conditions, it’s essential you have some knowledge about the market first.

The problem is that the auto insurance industry is rampant with myths. The number of fictions and tales about auto insurance policy has significantly hurt the business and is increasingly making people paranoid. The ensuing confusion has made it impossible for people to make the right decision that safeguards not only their vehicle but also their future. 

Today, we will shed light on some of the most common myths about auto insurance in CT. Now you can finally lay all the misconceptions about the topic to rest and find out the truth. 


Myth 1

Color plays a role in determining the price of your auto insurance policy


This is a common myth that simply doesn’t have any truth to it. The color of your car doesn’t have anything to do with your auto insurance. It’s actually the make and model of the car, along with other factors, that help professionals set your auto insurance cost. 

There’s a common tale in the market that buying auto insurance in CT for red cars cost more. The color of your car doesn’t matter when it comes to calculating your auto insurance premium.  


Myth 2

Auto Insurance Rates Decrease after a Certain Age


Many people believe this myth, and some are often disappointed when they don’t enjoy the same benefits. There’s more to this than meets the eye. People who start driving early on and manage to keep a clean record are often lucky enough to get low auto insurance rates once they pass 25 years of age. It all depends on the driving experience and the past record of the driver. People who don’t have much driving experience or have gotten into an accident or two are likely to never experience this. So remember that there’s no hard and fast rule for this. It may apply to some drivers but not all.


Myth 3
Full Coverage Offers Complete Protection


Sorry to burst your bubble, but you need to know that a policy that offers full coverage just doesn’t exist. You may have heard this phrase a lot, but that’s just what it is; a phrase. Most people take it literally and believe that such auto insurance in CT offers all the layers of protection that may be required after an accident. It’s important to remember that no policy can offer that. Be it basic or common levels of coverage, an auto insurance policy can offer just a part of it. 

Since there are different levels of protection for different scenarios, it’ll be impossible for service providers to offer you a policy that caters to this demand. The best they can do is offer a comprehensive auto insurance policy that takes into account the most common of scenarios. So now that you know what a full coverage policy means, you’ll be able to make the right decision when it comes to choosing auto insurance in CT.   


Myth 4
Minimum Coverage Policy Saves Money


Many people tend to believe this myth, and as a result, have endured great losses. The logic is simple. If you opt for a minimum coverage auto insurance policy, you’ll have to pay a low premium. However, that’s the only advantage of opting for a minimum coverage policy. You may be saving money on the premiums, but you stand to lose much more if you ever get in an accident.

Many people who opted for such a policy ended up paying for damages from their own pockets. That is likely to happen since a minimum coverage policy only pays for basic damages. Even if you have an inexpensive car, you may end up paying for damages of an expensive car. These costs can quickly build up, so it’s just essential that you don’t go for the minimum coverage, especially if you can afford something better. You may be saving a few bucks today, but you can end up spending even more in the future if you have inadequate auto insurance in CT. This idea may seem like a money saving hack for the moment, but you may be setting yourself up for trouble in the future.
Now that we have debunked some of these myths, make sure you spread the word and let other drivers know as well. Help clear away the common misconceptions regarding auto insurance in CT.


Is Auto Insurance Required In CT?


Drivers in Connecticut are required to have liability car insurance. There are certain minimum limits assigned for each category, so drivers need to connect with professionals who can help them make the right choice. Underinsured/uninsured motorist coverage will help your case if you get in an accident with a driver who’s uninsured or doesn’t have enough insurance coverage. To answer the question simply, yes – drivers in CT are required to have an auto insurance policy.

If you want the best rates in the market, you need to be able to differentiate between fact and fiction. Once you know the rules of the industry and everything it entails, you’ll be able to get the right protection for yourself. But that’s not the only thing! You’ll need the help of professionals who can guide you along the way and make you feel more confident about making the right choice.  

If you’re looking for professional advice about buying Auto Insurance in CT, it’s time you discuss policies that are tailored for your needs. Click here to get a free and personalized estimate from the pros of insurance. Get your auto insurance policy today for a carefree tomorrow!

Speak with a Pawson agent for free and get Connecticut-specific insurance advice on demand.

Speak with a Pawson agent for free and get Connecticut-specific insurance advice on demand.

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