Your Honda dealers are looking out for you. That’s why we want to bring your attention to some myths in the auto insurance industry. There is some bad information going around and unfortunately, many people believe this information. Following are some common myths about car insurance and the actual truth about them.
Myth: Less expensive vehicles cost more to insure than expensive vehicles.
Truth: Insurance companies typically base premiums on potential payouts rather than the value of the car. In fact, the opposite is often true because the cheaper cars aren’t as costly to the insurance company as the more expensive ones.
Myth: The color of your car determines your premium prices.
Truth: The color of the car plays absolutely no role in the price of your insurance premiums.
Myth: State governments set the insurance rates, not the companies.
Truth: While the state does set guidelines for the insurance companies, they are just that – guidelines. It still helps to compare prices and search for discounts with different companies before making your final decision.
Your local Honda cars dealer can help you figure out the differences between popular insurance myths and truths. Visit one today!
