Auto insurance myths can cause you to make costly mistakes in purchasing a policy. At Outdoor Insurance Services in The Woodlands, TX, we’ll help you separate auto insurance truth from fiction so you can make wise choices concerning your coverage. Here are five myths to watch out for when buying auto insurance coverage.

Myth: Some vehicle colors are more expensive to insure than others.

Color has no effect on the cost of auto insurance. Other aspects of your vehicle such as make and model, engine type, age, safety features, sticker price and risk of being stolen do affect the cost of your policy.

Myth: Older drivers pay more for auto insurance.

Actually, older drivers often qualify for discounts on their premium due to their driving experience. Seniors who drive less due to retirement and those with good driving records are often eligible for discounts on their policy.

Myth: Credit rating doesn’t affect auto insurance costs.

Actually, many insurers consider your credit rating when quoting you a price for auto insurance. Good credit rating shows you’re responsible in managing your finances. This level of responsibility could extend to your driving, making you less of a risk for accidents.

Myth: If another driver causes an accident while driving your vehicle, his insurance will cover damages.

In most all states, auto insurance follows the vehicle, not the driver. If a friend or relative causes an accident while driving your vehicle, your insurance will be responsible for damages.

Myth: Auto insurance is optional.

Most all states require minimum auto liability coverage to cover the cost of injuries or property damage to others if you cause an accident. Collision and comprehensive coverage to protect your vehicle is optional. If you took out a loan for your vehicle, your lender may require this coverage.

For quality auto insurance at affordable costs, contact us at Outdoor Insurance Services in The Woodlands, TX.