Do you own a vehicle in Albany, NY? Insurance is a big factor for any motorist. Unfortunately, there are a lot of false statements out there. At M&K Dignum Insurance Agency Inc., we help our clients get what they need. Below are some common misconceptions about it debunked by our insurance experts.
Common Auto Insurance Myths
The first biggest myth is thinking the color of your vehicle matters. It’s common to think that the color of your vehicle affects auto insurance rates. That has no effect on your premiums. Important factors include the age of the car, driving history, and sometimes your credit.
You have probably considered what coverage you need for your vehicle. You might think it’s reasonable only to carry only minimum liability insurance. That’s your personal choice. However, if you have an accident, you could be missing out on what you need to get help for the damages. Regarding your options for coverage, you have most likely heard of comprehensive insurance. You also can choose whether or not to add this to your policy. Many motorists think it’s unnecessary, but that could also be a mistake. It can protect you should there be unexpected damage from a fire, flooding, or if someone breaks into your vehicle.
Finally, another myth is thinking you don’t need to review your policy annually. It’s important to look at your auto insurance policy every year. As you undergo life changes, you may need to modify your coverage accordingly. Some examples could include the need for more coverage or adding a teenager to your insurance.
Find Out More About Auto Insurance In Albany, NY
M&K Dignum Insurance Agency Inc. is your preferred insurance expert serving your area. Give us a call if you need to get a personalized estimate.