Your car insurance is one of the most important things you must pay for as a driver. It protects you financially in an accident and can even save your life. Yet, despite its importance, there are still a lot of misconceptions about auto insurance floating around. Slaughter Insurance Agency in Quinlan, TX offers thisg guide on some of the most common myths about auto insurance and help you understand what it does (and doesn’t) cover.
Auto Insurance Myths: Busted!
Myth 1: Auto Insurance Is Only for Accidents
This is one of the most common myths about auto insurance, and it’s simply not true. While your auto insurance will certainly provide coverage in an accident, it also protects against theft, vandalism, weather damage, and more. So, even if you never get into an accident, your auto insurance is still working hard to protect your car.
Myth 2: My Insurance Will Cover Any Damage to My Car
Again, this is not true. What is covered depends on your insurance policy, but in general, only damage caused by accidents or other covered events will be reimbursed by your insurer. Things like wear and tear, or damage caused by poor maintenance, are not generally covered.
Myth 3: Your State’s Minimum Coverage Is Enough
This is a myth that can have serious consequences. State minimum coverage is the absolute bare minimum amount of insurance you can have, and it’s often not enough to protect you fully in the event of an accident. If you’re at fault in an accident and your damage exceeds your coverage limits, you could be on the hook for a lot of money. It’s always a good idea to get more than the state minimum coverage just to be safe.
There you have it: three of the most common myths about auto insurance, busted! Now that you know the facts, be sure to get the right coverage for your needs. And for all your insurance needs in Quinlan, TX, be sure to contact Slaughter Insurance Agency. We’re here to help you get the protection you need at a price you can afford. Call us today for a free quote.