Are You Overpaying?
When it comes to protecting your car, home, or health, most people assume that paying more means better coverage. But the truth is, many families and businesses are spending far more than they need to—because of common insurance myths.
Myth #1: “The Cheapest Policy Is Always the Best Deal”
While it’s tempting to choose the lowest monthly premium, that decision can backfire when you actually need coverage. A cheap plan may leave you with high deductibles or exclude important protections.
Tip: Instead of focusing only on the monthly cost, look at the total value: coverage limits, exclusions, and out-of-pocket expenses.
Myth #2: “My Homeowners Policy Covers Everything”
Many homeowners believe their standard insurance protects them against any loss—but that’s not true. Floods, earthquakes, and even certain types of personal property often require separate coverage.
Tip: Review your policy with an agent and ask about add-ons like flood or umbrella insurance.
Myth #3: “Red Cars Cost More to Insure”
This long-standing myth is completely false. Insurance companies don’t care about your car’s color; they care about its make, model, age, safety rating, and how you drive.
Tip: Safe-driving discounts and bundled policies save more money than the paint job ever could.
Myth #4: “Older Adults Always Pay More for Health Insurance”
While age does influence health insurance premiums, coverage options under the Affordable Care Act and Medicare can actually help older adults save. Many also qualify for subsidies.
Tip: Work with an independent agent who can compare multiple plans to maximize savings and benefits.
Myth #5: “Loyalty Discounts Are Enough”
Some people stick with the same insurance company for decades, believing loyalty guarantees the best deal. Unfortunately, loyalty can sometimes cost you. New customers often get better introductory rates.
Tip: Shop around every couple of years. A good agent can compare multiple carriers to ensure you’re still getting the best value.
How Best Choice Insurance Can Help
The best way to avoid overpaying is to work with experts who can:
Compare policies from multiple carriers
Identify gaps in your coverage
Find hidden discounts
Customize a plan that meets your needs and budget
Insurance doesn’t have to be confusing or expensive
By avoiding these common myths, you can make smarter decisions that save money and still protect what matters most.
At Best Choice Insurance, we’re here to help you cut through the myths and secure coverage that truly fits your life.