= ua iw 2 et e mee ee Car Insurance Myths Debunked (NAPSA)Do red cars really cost more to insure? Is Compre- hensive coverage really comprehensive? Should you and your neighbor be paying the same amountfor car insurance? Leading car insurer Progressive debunks a few of the more widely held myths: Myth: Red cars cost more to insure. Reality: Vehicle color is not a factor used to calculate car insurance rates. Factors that do matter are the year, make, model, body type, engine size and age of your car, as well as information about the drivers on yourpolicy. Myth: I only need the staterequired, minimum amountof car insurance. Reality: Many states have minimum car insurance requirements, but the required liability- only insurance may not coverall your costs. If you cause an acci- dent, your insurance might not cover all the damages. Consult with your local independent agent to select the coverages and sufficient limits that meet your needs so that a fender bender doesn’t cost you big bucks. Myth: Comprehensive coverage protects drivers in all situations. Reality: Comprehensive coverage is one type of protection available on an auto insurance policy (others being Collision, Uninsured Motorist, etc.). Comprehensive coverage pays only for damage The color of your car should not affect the costof insuring it. caused by an event other than a collision, includingfire, theft, vandalism, weather and more. Myth: My car insurance rates will be similar to my neighbor’s rates. Reality: Car insurance rates are individually determined, so factors such as age, driving record, type of vehicle, and mari- tal status are considered. Each person’s situation is unique and car insurance rates will vary because of this. Myth: If I buy a new car, my auto insurance company automat- ically knows and my newcaris covered. Reality: No. Most insurance companies require that you notify them or your agent within a speci- fied numberof days. Generally, you have 30 days to add the new vehicle to your policy. For more information or to find an agent nearby, visit www.progressiveagent.com.
