Insurance policies of any kind are always so darn complicated. But automobile insurance is likely one of the most confounding and difficult to comprehend. The many myths about cars of certain models or colors only help perpetuate more false rumours.

Let’s take a look at the four most common car insurance myths…

1. New cars are stolen most
It makes sense that if you’re going to risk stealing a vehicle, you’d opt for the newest, shiniest model, right?

2. Animal damage

Yes, you should be extra cautious in deer and moose territory, but if you suffer an unfortunate collision due to an animal darting into your car, most insurance policies will cover the damage. The same goes branches that land on your car and birds that fly into your windshield. As long as you have comprehensive coverage on your insurance policy, the damage should be covered.

3. Color affects insurance rates

No, the color of your car had no impact on the cost of your insurance rate. Even if your car is red. For some reason, a bogus rumor has spread across North America that certain car colors lead to higher insurance rates, but it’s bogus. Car companies do figure your car’s make and model, safety features, and your driving record into your insurance rates, but not the color.

4. Personal belongings are safe
No, this is not the case. While your car insurance will cover your car, you as the driver, and your passengers, your personal valuables are not included under the umbrella coverage. However, if you do leave your laptop, jewelry, sports equipment, or musical instruments in you car and it’s stolen, you can claim it under your homeowners or renters insurance.