Understanding the price of auto insurance isn’t always easy due to numerous misconceptions about the industry. Knowing which factors impact the cost of getting Ohio SR22 insurance is important in helping you find the best plan to meet your needs and budget. Keeping a few things in mind can help you gain a better understanding of all the different myths and facts about car insurance.
Interested in learning more? Here are a few of the most common car insurance myths.
1) Expensive Cars Cost More to Insure
The initial cost of the car doesn’t have much impact on the price of the insurance. For example, a mid-price car can be more expensive to insure compared to a luxury vehicle. Comparing prices with multiple insurance agencies is always a good idea in getting the best deal.
2) Your Credit Doesn’t Impact Cost of Insurance
Different factors impact the cost of your insurance, such as your driving record, age, and history of insurance claims. However, your credit score can also impact the price of your insurance, as looking at ways to improve your credit can help you lower your insurance.
3) Comprehensive Insurance Covers Everything
Many drivers are under the false impression that comprehensive insurance covers everything, such as being in a car accident. Unfortunately, comprehensive insurance will only cover the damage to your car in any event that’s not a collision.
4) Red Cars Cost More Money to Insure
Another common insurance myth is that red cars cost more money to insure compared to other color options. However, it’s important to remember that the make and model of the car will impact the price of insurance instead of its color scheme.
5) You Only Need Liability Insurance
Liability insurance is usually not enough to cover the costs of an accident. Reaching out to your insurance agent is always a wise decision in helping you find the best coverage to meet your needs, especially if you need Ohio SR22 insurance due to your past driving record.
Contact SR-22 Bond of Ohio to Learn More
SR-22 Bond of Ohio provides insurance coverage for high-risk drivers. Our team members will work with you in getting your driver’s license reinstated, and we are always available to answer any of your insurance questions.
Contact SR-22 Bond of Ohio today to learn even more about getting Ohio SR22 insurance!