Myth vs. data cards
Common insurance beliefs, paired with the general data or concept that puts them in context. Each card is shareable — copy the text to post or send it along.
Browse the cards
Red cars cost more to insure.
Paint color isn't a rating factor insurers track. Pricing is based on things like make, model, safety record, and repair cost.
A ticket from another state won't follow you home.
Most states share driving record data through interstate reporting systems, so an out-of-state ticket typically still affects your record.
State-minimum coverage is enough protection for everyone.
Minimums are a legal floor, not a personalized recommendation. They can be far below the real cost of a serious accident.
“Full coverage” means unlimited protection.
It's an informal bundle of liability, collision, and comprehensive. Each part still has its own limit, deductible, and exclusions.
Comprehensive coverage pays if you hit another car.
That's what collision coverage is for. Comprehensive covers non-collision events, like theft or weather damage.
My roommate's renters policy covers me too.
A policy generally only covers the people named on it. An unlisted roommate typically needs their own policy.
My landlord's insurance covers my belongings.
A landlord's policy typically covers the building structure, not a tenant's personal property or personal liability.
Renters insurance is expensive.
It's typically one of the least expensive policy types, often averaging under $20 a month for standard coverage.
Any water damage is covered.
Sudden, accidental damage like a burst pipe is typically covered. Gradual damage from neglect, and flooding, usually are not without separate coverage.
I don't own enough stuff to need renters insurance.
Liability coverage, which matters regardless of how much you own, is part of most standard renters policies too.
Life insurance is only worth buying once you're older.
Premiums are generally lowest when purchased younger and in good health, since age is typically the biggest single rating factor.
A workplace life insurance policy is automatically enough.
Whether any amount of coverage is enough depends entirely on individual circumstances. This is a general concept, not a recommendation.
Every life insurance policy requires a medical exam.
Some policies use simplified or no-exam underwriting. Requirements vary by insurer, policy size, and health class.
Term life insurance builds savings over time.
Term life has no cash value. It's whole and universal life, the permanent policy types, that build cash value.
Insurance rates are the same everywhere in the country.
Insurance is regulated at the state level, so rules and typical costs can vary significantly from state to state.
A higher deductible is always a bad choice.
Higher deductibles typically lower the premium. Whether that tradeoff makes sense depends on individual circumstances.
Filing any claim will get your policy canceled.
Insurers commonly review claims history when pricing a renewal, but a single claim doesn't automatically end a policy. Practices vary by company and state.
Comparing policies is only about finding the lowest price.
Coverage limits, deductibles, exclusions, and an insurer's financial strength rating are all part of a fuller comparison, not price alone.
Sharing note: these cards are meant to be copied, posted, or sent as-is for general education. They reflect broad public patterns, not a specific person's situation, insurer, or state.