Four misconceptions about auto insurance

Holmes Insurance Services insures drivers in Youngsville, NC. If you are a motorist, it’s important that you’re accurately informed about auto insurance. There is a lot of misinformation out there when it comes to auto insurance.

The following are four common misconceptions about auto insurance:

Every insurance company is more or less the same as the others.

When you get quotes on auto insurance policies, you’ll notice that different insurance providers offer different quote amounts. Insurance companies can also differ in terms of the exact coverage options they offer.

That’s why you really need to do your research on different insurance companies offering insurance in your area when you buy coverage for your car. 

You shouldn’t get more than the minimum coverage required by law.

If you want to be protected financially, it’s best to get more coverage than just the minimum required by law. You could find yourself in debt if you get in an accident that costs you much more than the maximum policy limits of your auto insurance policy. 

All insurance policies include collision coverage.

You have to add collision coverage to your policy if you want to be sure that damage to your own vehicle will be covered. A basic policy will only include liability coverage, so make sure that you specify if you want collision coverage. 

You can use your personal auto insurance when you’re driving a vehicle for business purposes. 

You should purchase a commercial auto insurance policy if your vehicle is regularly used for commercial purposes. You’re not supposed to cover a business vehicle with a personal insurance policy. 

Let us help you choose the right auto insurance solution in Youngsville, NC. Call us at Holmes Insurance Services and we’ll be happy to give you a quote on a policy!