Are Insurance Rates Higher For Red Cars

Though this is a widespread belief it. While many people believe that red cars automatically carry higher insurance rates the truth is that the insurance company doesnt even ask for the color of your car when rating your policy or reviewing your application for coverage When rating a vehicle the insurance company considers the vehicle make model submodel trim level safety.

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On the other hand if that red car is a sports car the rates may be higher.

Are insurance rates higher for red cars. 11122010 This misperception might be credited to the fact that lots of sports cars are red and sports cars typically command a higher insurance premium. Now you can drive that candy apple red convertible with an easy mind. 382011 Blue and white vehicles are involved in accidents the same as red and black ones and the safety factors of the car are built into the vehicle not contained in the color of the paint.

Insurance rates can spike based on the cost and frequency. 8132020 Red is merely a popular color which may have fueled the myth of higher insurance rates. 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.

Few studies have been done and the results are not conclusive. Yet theyre doubly mistaken. In general higher rates of vandalism theft and accidents occur in cities compared to rural areas.

Even though red cars are more expensive to buy by up to 9 they wont get you a higher insurance rate and you can have that beautiful red car without worrying about your insurance being more expensive. 6232020 The color of your car has less impact on your insurance rates than the type of paint used. 6122014 Shes never heard of any insurance company charging more for red cars.

Here are some of the factors that help determine your auto premium and what to look for when shopping for car insurance. 44 have a college or higher degree and 36 earn 75000 or. June 2020 You may have heard red cars are more expensive to insure.

Answer The notion that your cars color affects your rates is a myth. However rates are often higher for sports cars of any color as they are more expensive to buy and repair and are stolen more. In addition it is a fact that on average drivers of red cars pay higher car insurance rates - but does that mean that all yellow and red car owners pay higher insurance rates.

9212015 Drivers of red cars pay more. There has been an error loading your listings. Agent in Springfield Missouri explains what matters about your vehicle and what doesnt.

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. 382011 Blue and white vehicles are involved in accidents the same as red and black ones and the safety factors of the car are built into the vehicle not contained in the color of the paint. On the other hand if that red car is a sports car the rates may be higher.

Providers look at the make model year and safety features of a vehicle to determine car insurance rates rather than color. Its true that some vehicles are more expensive to insure than others but any difference is based on hard data. But according to the Insurance Information Institute III the color of the car you drive does not affect the price of auto insurance.

Flashy Colors Often Correlate with Equally Flashy Expensive Cars. Red cars dont have higher traffic violation and accident rates. When you have a vast majority of drivers in red cars it is likely that a handful of them will have factors that influence higher premiums which only drives the myth further.

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. 1272021 Insurance is not higher on red cars. 9212015 Though a car color doesnt impact insurance rates 42 of Americans think people who drive red cars pay more a new survey finds.

Keeping a safe driving record will reduce your premiums more than changing your paint color. Car insurance companies do not take a cars paint color into account when determining premiums. 2222021 In fact some insurance companies state that potential customers often ask if red cars have higher insurance rates than other vehicles.

Simply put insurance companies do not consider vehicle color as a rating factor. Marcus Troup a Farmers Insurance. If you have other high-risk factors as a driver a red car may make your premium increase.

That is an auto insurance myth. In reality however 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.

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