It seems that lots of Americans could use a refresher course on what automobile insurance covers and what it doesn’t cover.

For example, 44% believe driving a red car leads to higher insurance rates, according to a study conducted for Of course, that’s not true. Car color has no effect on car insurance premiums. Yet 53% of millennials believe it does, as do 45% of college graduates and 42% of Americans with a household income of $75,000 or more.

Another popular myth is that your insurance doesn’t cover car repairs resulting from an accident in which you were at fault. It does, but only 56% know it. Again, most millennials got it wrong.

Does car insurance replace items stolen from a vehicle? No, but 34% of Americans believe it does.

(Property stolen from a car is covered by homeowners and renters insurance — go figure.)

Does your location affect how much you pay for car insurance? Yes, but 17% of those surveyed didn’t know this. (Rates are higher in areas where car thefts and accidents occur more frequently.)

Finally, does car insurance pay for mechanical repairs to your vehicle? No, but 14% think it does.

It’s important that you have proper insurance protection — and that you know what your policy does and doesn’t cover.