Caring makes the difference when it comes to understanding your auto insurance. This blog post tackles nine common myths surrounding auto insurance, helping you separate fact from fiction and ensure you have the right coverage for your needs. Being an informed consumer is crucial for protecting yourself financially. Auto insurance can be complex, and several misconceptions can lead to inadequate coverage. Understanding the truth behind these myths is essential for every responsible car owner. 1. Totaled Car, Paid-Off Loan? Think Again. Insurance companies typically pay the Actual Cash Value (ACV) of your car before the accident, not the remaining loan balance. If you owe more than the ACV, you’ll likely…