Car insurance is something that every driver is legally required to have. You may not give much thought to the insurance you buy, other than to notice how much you have to pay every month. That may because you are believing certain widely circulated myths about car insurance. Here are four myths you may be believing.

You Only Need the Minimum

Many people believe that they only need the minimum amount of coverage dictated by their individual state . However, it is important to remember that we are living in an time when another driver may sue you for any reason. If you only have minimum coverage, a lawsuit could mean that you have to pay much more out of pocket than you ever expected.

Therefore, when looking for car insurance policies, make sure that you have the minimum required by law, but also look into additional coverage that may cost a bit more, but better protects you.

You're Paying More Because Your Car is Red

There is a persistent rumor that the color of your car is somehow related to how much car insurance you pay. You may think that people with red cars pay the most in car insurance costs, but that is not necessarily so. Car insurance companies focus on a number of factors, such as credit history and how you'll be using the car, but car color is not an important part of their considerations.

Your Car is Covered for Extreme Weather

Just as a home insurance policy doesn't typically cover flood damage, car insurance policies don't usually cover damage from hail and other stormy weather. Check with your insurance carrier to see how much insurance you have in the event of a natural disaster; it may be less than you imagine.

You aren't Responsible for Other Drivers in Your Car

You may think that someone else driving your car is covered by their own insurance, but that is not the case. If someone is driving your car and gets into an accident, you will have to file a claim with your insurance company. Their insurance may cover whatever yours does not, but you are the one who will bear the brunt of the responsibility. That's why you have to ensure that your coverage is adequate.

When you stop believing the myths above, you may feel much more in control of how much you pay for car insurance, and discover that you have more options than you may have realized. Talk to an experienced car insurance agent from a company like Keyes Insurance Services Inc to get the best policy for you.