When it comes to florida auto insurance companies, everything seems so puzzling at times. There are as many explanations as there are people! But let’s find out which of them are really true.

First on the list is the conviction that if you have a red car it will cost you more for insurance. Even though the red sports car may appear to shout out ‘speed freak’ it’s just not that way in reality. Insurance companies don’t take color into account, but they take things like make, model, year, theft statistics and your driving record. Forget about the paint job. It’s only for looks.

Second is the belief that older cars are always cheaper to insure. While this idea sounds sensible, it is not always true. Older cars simply don’t have the more advanced safety features, putting them at potentially higher risk of accident and raising insurance premiums. In contrast, newer vehicles are often equipped with things like antilock brakes, lane departure warnings and automatic braking systems which insurance companies would appreciate and consider these safer features an excuse for lower costs on premiums.

It even is wrong to think that business use is covered by personal auto insurance. When you use your car to work (e.g., deliver pizzas), standard personal policy often will not cover the consequences of accidents. If you do business with an uninsured vehicle, it can leave you open to significant financial risks. Better safe than sorry: If you’re using your car for business purposes, get a commercial policy.

Yet another false assumption holds that your credit score isn’t relevant to the premiums you pay for insurance. In fact, your credit rating is a major adjustment point. Low scores, as insurers well know, may mean higher claims-the sign of higher risk. Therefore, people with poor credit ratings could face increased premiums.

Lastly, there is the mistaken notion that older drivers automatically enjoy lower insurance rates. Although experience prompts a variety of discounts, increased age often brings some drawbacks as well. Those senior moments don’t come free. Slower reflexes, etc. (which come with age) might cancel out a bit of the savings you gather through long-term loyalty discounts and mature driver incentives.

Having put these myths to rest, the next time you hear them you will have the truth. Information is power when it comes to car insurance-share it with others generously!