The auto insurance industry can be confusing, and a lot of misinformation gets passed around. Not only can this make it difficult to understand your insurance coverage, but it can also end up costing you money.

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The Top 5 Biggest Myths About Auto Insurance

These are five of the biggest myths and misconceptions held by Las Vegas, Nevada drivers.

Myth #1: State Minimum Coverage Is Enough

In most cases, state minimum coverage isn’t nearly enough to cover the damages that could result from a serious accident.

Read More: What does 25/50/20 Nevada Minimum Coverage Mean?

Myth #2: Your Credit Score Doesn’t Affect Your Rate

Your auto insurance provider weighs numerous factors, including your credit score, to assess your driving risk and to calculate your premium. Your insurance quote will most likely do a “soft check” of your credit score which won’t affect your credit. But it is enough information for the insurance company to add to their list of items to look at while determining your auto rate and risk factor.

Read More: Do Auto Insurance Companies Do A Credit Check?

Myth #3: Older Drivers Are Charged Higher Premiums

Because of the discounts that are available to experienced drivers, mature drivers often pay less for their coverage. However, as we do get older and older, premiums can potentially rise.

Myth #4: If You Drive for a Rideshare Company, Your Personal Insurance Policy Is Enough

If your vehicle is used for commercial purposes, your personal insurance policy may not cover an accident that happens while you’re on the clock. Some Rideshare companies do offer coverage for their drivers. It is SO IMPORTANT to confirm what coverage, if any, they offer. Ask about when the coverage starts and stops during your on-the-clock time. You may need “Rideshare” coverage for your personal policy. Call your auto agent and your Rideshare company to verify what you need, what you have.

Read More: How To Determine How Much Auto Insurance Coverage You Need

Myth #5: The Color of Your Car Affects Your Premium

Your vehicle’s make, model, year and options affect your premium, along with many other factors; its color does not affect your premium.

Understanding Your Auto Insurance Policy with Nevada Insurance Enrollment

Don’t let these common misconceptions about auto insurance keep you from getting the best coverage for your lifestyle. At Nevada Insurance Enrollment, our auto insurance agents are here to help you understand your policy and purchase auto insurance with confidence.

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♦ How Your Zip Code Can Change Your Auto Insurance Rate

Read More: Auto Insurance in Las Vegas, Nevada

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DISCLAIMER: It is important to note that the information contained herein is made general for the purpose of explanation.  You should consult your policy for exclusions or other language that may alter your policy.

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