Each time you get behind the wheel of your car, you want to be prepared for the unexpected. Auto insurance offers that peace of mind if an accident or vehicle damage occurs. Here are several popular myths about securing coverage and what’s actually true.

What Are Some Common Auto Insurance Myths?

1. A rental car will be provided while your vehicle is being repaired.

This will only typically apply if you have collision auto insurance, which pays for damage caused by an impact with another vehicle or structure in a traffic accident. However, some policies require adding on a rental-car reimbursement provision. 

With it, your insurance provider will pay for the daily rental costs up to a certain maximum limit while your vehicle is being repaired. Without a rental-car reimbursement inclusion, you will be responsible for paying the costs. 

2. The state’s auto insurance minimum is enough coverage.

Nearly all states require drivers to have a certain amount of auto insurance. The minimum coverage will typically only pay for damages to another vehicle in an accident if you caused it. 

If the affected driver or passengers were injured, their medical costs are also included. The danger is if the repairs or medical costs exceed your minimum auto insurance amounts, you’ll be responsible for paying the balances. Also, your vehicle and injury expenses are not covered under state-minimum auto insurance. 

3. Small cars are less expensive to insure.

Auto insurance providers look at several factors when determining rates. The size of a vehicle is typically not a consideration. Safety tests, the driver’s age (younger people and new drivers will generally pay more), zip code, and how often you drive are other factors that supersede the size of a car. If an SUV has historically strong safety marks in simulated accident testings than a smaller vehicle, the coverage rates may be lower. 

4. You don’t need comprehensive and collision coverage with a financed car.

If you’re financing your vehicle from a car dealership or another lender, they will typically require comprehensive and collision coverage. A lender may require both types because until a driver has paid the car off in full, the vehicle still belongs to the lender. They want to protect their financial investment should an accident occur. 

Separating fact from fiction will help you find the auto insurance you need. Ohio Insurance Center Agency is your trusted resource for affordable and customized coverage. Serving Ohio residents in Cincinnati and Hamilton, as well as Butler and Warren counties, the independent agency works with a network of leading insurance providers to get you the best coverage. You can also count on the team of professional agents to answer all your questions. Call (513) 522-6300 or visit the website for a no-obligation auto insurance quote.