‘5’ Auto Insurance Myths Debunked

Having a car unlocks a world of freedom, but it also comes with responsibility. Auto insurance is a crucial part of being a responsible driver, and navigating the world of coverage options can be confusing. Here in Springfield, many misconceptions about car insurance can lead to costly mistakes, especially for parents with teen drivers.

Let’s clear the air and debunk some of the most common auto insurance myths:

Myth #1: Teen Drivers Don’t Need Full Coverage

Statistics show that teen drivers are at a higher risk of accidents due to factors like limited experience and inattention. According to the Insurance Institute for Highway Safety (IIHS), in 2021, drivers aged 16-19 were involved in a rate of 18.9 fatal crashes per 100 million miles driven, compared to 2.4 for drivers over 65. While minimum liability coverage might seem sufficient, it only protects others from your teen’s legal responsibility in an accident, not the car itself.

Myth #2: Shopping Around Raises My Rates

Many Springfield residents believe that getting quotes from different car insurance providers will automatically increase their rates. This is simply not true. Shopping around is the best way to find the most affordable and comprehensive coverage for your needs. Insurance companies consider various factors when setting rates, so comparing quotes allows you to find the company that values your specific profile the most.

Myth #3: My Credit Score Doesn’t Matter

In most states, including Massachusetts, your credit score can be a factor in determining your car insurance premium. Studies by the National Association of Insurance Commissioners (NAIC) have shown a correlation between credit scores and insurance risk. Maintaining a good credit score can lead to significant savings on your car insurance.

Myth #4: Borrowed Car, Borrowed Insurance:

Letting a friend borrow your car can be a favor, but assuming their insurance will automatically cover any mishaps is a recipe for trouble. In most cases, your insurance policy becomes primary, with the friend’s insurance kicking in only if your coverage limits are exceeded. Always check with your car insurance provider in Springfield before lending your car to ensure everyone is properly covered. 

Myth #5: Cheap Car Insurance Means Low Quality

Sticking with the same car insurance provider year after year might seem convenient, but it could also cost you money. Car insurance rates are constantly changing, and new car insurance providers might offer better deals. Springfield residents can benefit from getting quotes from top car insurance companies in Springfield to ensure they’re getting the best value for their money.

Finding Top Car Insurance in Springfield

Now that you’re armed with the truth about common auto insurance myths you can navigate the Springfield market with confidence. Finding the right car insurance service requires research and comparison. Here at Western Mass Auto Insurance, our experienced agents can help you understand your coverage options, compare quotes from leading car insurance providers in Springfield, and find the best policy that fits your budget and protects your teen driver on the road.

Contact Western Mass Auto Insurance today for a free consultation!