Does Insurance Charge More For Red Cars

The short answer is no. Insurers are interested in the year make model body type engine size and age of your vehicle.

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Its a common belief that red cars cost more to insure but our Liberty Mutual agents are on hand to dispel this myth in our series Shining a Light on Insu.

Does insurance charge more for red cars. 9212015 A red car wont cost you more than a green yellow black or blue car. The color of your car might even make it less likely to be stolen - in which case a red car might even help you. 432015 Some insurers say rates wont increase until after the second speeding ticket but others will come looking for more money soon after the first one.

If you want a red car go ahead and get a red car. Car makes that are frequently stolen cost more for comprehensive coverage. But the truth is a red sports car will be just as expensive to insure as a sports car thats black blue or even pink.

June 2020 You may have heard red cars are more expensive to insure. 1102017 The paint that affects your insurance rates is a custom paint job but even that shouldnt add too much to your premium and should only include a nominal fee. Insurance companies tell us that a red automobile will not cost you one penny more to insure than a midnight blue silver or even a pink car for that matter.

The myth that red cars cost more to insure is in fact a myth. 4222018 But is it really true. They do tend to have a higher resale value according to some sources.

While auto insurance companies take a number of factors into account. Here are some of the factors that help determine your auto premium and what to look for when shopping for car insurance. 3122020 So feel free to pick out the red sports car just realize it may cost you more to insure than the red minivan.

Yet theyre doubly mistaken. You cant argue the fact that red cars are much more eye-catching than other colors. Its true that some vehicle types cost more to insure than others.

But according to the Insurance Information Institute III the color of the car you drive does not affect the price of auto insurance. There are a variety of risk factors that auto insurance providers consider such as your age gender your location claims and credit history and your driving record. Custom paint jobs are another storyif you paint your vehicle be sure to add the optional coverage custom parts and equipment.

For years there has been this notion that color plays a significant part in calculating insurance premium costs many people believing that red cars cost more to insure because theyre linked to aggressive driving or speeding said Loretta Worters vice president with the III. Rates are based on objective data about your car. Red cars cost more to insure.

Your cars color isnt a factor we consider in the rating of your policy. A dark color car is harder to see at night while a red car stands out more. 3152019 A red car wont cost you more than a black silver green or blue car.

Color has no impact on your car insurance price. At Progressive we dont even ask about it. Liberty Mutual insurance company has published these findings but it may be hard to locate an insurer who will actually give you a discount for color.

What is odd though is that about 25 of the drivers interviewed in a recent study felt that a red car would definitely cost more to cover. Its OK if your little Corvette is red or your big Cadillac is pink. If this happens to you it isnt because your car is red.

Now you can drive that candy apple red convertible with an easy mind. But they do exist. How about you what did you think.

Here are a list of things that insurance companies factor in when setting the cost of your premiums. Heres a little more information. How youre perceived based.

Insurance companies are paying attention to the car not the color. They attract more attention especially from the police. Its because you got nailed for speeding probably more than once in a car that just so happens to be red.

11122010 Or maybe its because young men tend to favor red cars and young men also pay a higher insurance premium on average partly because of their statistical propensity toward lead feet. 1112008 Actually a red car should get you slightly better rates for a very subtle reason check it out. Not only does color have nothing to do with car insurance rates a particular models risk isnt determined by the number of tickets its owners receive.

A compilation of stats from various law enforcement bureaus finds red cars get more tickets than any other color. Though this is a widespread belief it is. But white cars.

5302012 So the fact that there are more red sports cars out there along with the tendency for sports cars to get higher insurance rates leads people to believe that its the color rather than the car thats jacking up their rate source.

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