While we all know that there are a variety of factors that go into calculating how much you pay for auto insurance, many individuals fail to realize what exactly matters and what does not. The abundance of insurance myths for determining premium amounts continues to be present in the mind of many motorists. Gathered are some helpful facts of guidance so that you can finally know the truth about auto insurance:
- Despite popular belief, it is not the color of your car that determines how much you pay for auto insurance, rather, it is the make and model of your car. Whenever you are on the market for a new car, be sure to check average auto insurance premiums of that particular vehicle. Your auto insurance premium will take a variety of factors into consideration, but typically, the main concern is how much it will cost to repair or replace the vehicle.
- Many individuals believe that your auto insurance will be more expensive as you age. However, it is actually the complete opposite. The more experience you have on the road, the less likely you are to be involved in a car accident. Some insurance companies will ask that you take a defensive driving course as you age to ensure that your motor skills are still intact to operate a motor vehicle.
- Why would an insurance company look at my credit score in determining my auto insurance premium? Well, they do! Your credit score shows an insurance carrier your repayment habits. Your financial habits are of particular interest to insurance companies.
- Most notable common misconception is the inability to change your auto insurance premium. Despite common belief, you are in complete control of how much you pay on auto insurance each month, with a variety of lifestyle factors coming into play.
Contact Mike Leonard Insurance Agency in Carrollton for all of your Texas auto insurance needs. Affordable auto insurance can be in your future with a comprehensive policy personalized for you by the Mike Leonard Insurance Agency Team!