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Emerling Agency, LLC Blog: insurance myth

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Insurance Myth: Older cars are cheaper to insure- FALSE! Car insurance rates for all vehicles vary depending on several factors, such as who drives a vehicle, garaging location, and its annual mileage.   READ MORE >>

Insurance Myth: My car insurance rates will be similar to my neighbor's rates- FALSE! Auto Insurance rates are individually determined, so factors such as age, driving record, credit, type of vehicle, and marital status are considered.  Do you own your home or rent?  Any other household members? READ MORE >>

Insurance Myth: Car insurance rates go down dramatically when drivers turn 25- FALSE! Younger and older drivers typically have the most car crashes, and customers of different car insurance companies have different claim experiences. READ MORE >>

Insurance Myth:Cheaper cars cost less to insure- FALSE! If your cheaper car has a large engine, weighs a lot or is an unusual model, it might cost more to insure than a more expensive small car.  However, if you have a cheaper car, you will pay less for comprehensive coverage, which covers damage caused by vandalism, hail, fire or animal accidents. READ MORE >>

Insurance Myth: I only need the bare minimum amount of car insurance- FALSE! Many states have minimum car insurance requirements, but the minimum amount of required insurance may not cover all of your costs. If you cause an accident that results in a lawsuit and your insurance limits don't cover... READ MORE >>

Insurance Myth: My Home Insurance covers all disasters likely to happen in my area- FALSE! Standard home insurance covers disasters such as fire, lightning, theft, vandalism and damage from smoke, water or wind.  It does NOT cover damage caused by a flood or earthquake. READ MORE >>

Insurance Myth:  I have a home insurance policy, so I have all the coverage I need- FALSE! Many policies don't have a high enough limit to rebuild the home in case of complete destruction.  Some homeowners will find themselves short tens of hundreds of thousands of dollars if their home is destroyed by fire or other disaster. READ MORE >>

Insurance Myth:  The color of my car affects my auto insurance rate- FALSE! Many factors, including a vehicles year/make/model, and the driver's experience and age may impact your auto insurance rate, but the color of a vehicle is not one of them.   4 common myths about insurance READ MORE >>

Insurance Myth:  All of my valuables will be covered in the event of a burglary- FALSE! There are limits on the amount of coverage you can receive for valuables such as jewelry, antiques, business property and art, but you can purchase additional coverage that will add extra protection.   READ MORE >>

Life Insurance myth: a stay-at-home spouse does not need life insurance. Completely false! A spouse who stays at home may provide childcare and take care of other important household responsibilites. In the unfortunate event of their death, these would become expenses that could be offset by the proceeds from a life insurance policy. READ MORE >>

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