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Myth #2: Red cars cost more to insure. One of the most persistent myths about auto insurance is that insurance companies charge more to insure red cars.
An auto insurance worker has taken to TikTok to bust several insurance myths that drive American motorists around the bend. In a video that quickly went viral, TikTok user @jai.duhh shared five ...
AOL From the old fiction about red cars costing more to insure, to the one about rates dropping when you turn 25, to the idea that "full coverage" means you get a new car after a crash, myths ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
No, buying a red car will not increase your premiums.
Owning a car is an expensive prospect -- especially after factoring in the cost of auto insurance. U.S. News & World Report puts the average cost of car insurance in the U.S. at $2,068 per year.
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