There is so much misinformation out there regarding auto insurance that it can be difficult to know what to believe. Believing the wrong information you run across can hinder your ability to quickly obtain the best insurance policy, as you spend a lot of time trying to sort facts from fiction. This article will make things easier for you by debunking three common myths you may have been running across during your research. 

Myth 1 - Some car colors cost more to insure

One myth that's quite common is that the color of your car can play a part in how much you pay for insurance. Specifically, red cars are often thought to be more expensive to insure. There are a number of reasons why some believe this. One reason is people believe red cars will get pulled over more often. Another reason is that red is often associated with sports cars that people tend to speed in. However, the color of your vehicle does not play a part in determining the cost of your insurance. 

 Myth 2 - When you are older, you pay more for insurance

To some, it makes sense to expect auto insurance to go up as you age since other types of insurance like life insurance goes up. When it comes to auto insurance, the opposite is actually true. Some exciting news for seniors is once a driver is of a certain age, they can get discounts on their insurance rates for completing a course in accident prevention. Also, when drivers retire and drive their cars less, they can end up paying less for insurance. 

Myth 3 - You really only need the state-minimum liability coverage

Some people believe you are fine if you just get the state-minimum liability coverage. However, if you are involved in an accident, then there is a fair chance that your coverage won't be enough to cover the damages. The minimum doesn't cover any of the damage to your own car, leaving you to pay for all the repairs or to replace the car if it was totaled. Also, you will have to pay out of pocket for things like a rental car until yours is fixed and roadside assistance if you break down. These are a couple of examples of reasons why you should consider going with more coverage, and even adding on things like roadside assistance, which generally only costs an extra few dollars a month. 

For more information, contact a company like LA Insurance.