Do Red Cars Have Higher Insurance?

The Myth

It's an age-old question that's been floating around for some time, does the color of your car affect your insurance rates? Specifically, the question revolves around the color red and whether or not cars painted in this hue have higher insurance rates. The truth is, there's no clear answer here as the answer to this question really depends on the insurance company and its policies.

Despite this, there is a common belief that red cars are more likely to incur higher insurance rates. This has been attributed to the idea that red cars are seen as being more visible, flashy and sporty, which in turn, may make them more vulnerable to theft and more likely to be involved in a road accident.

The Facts

The reality is, your car's color doesn't actually have any bearing on your insurance rates. Instead, your insurance rates are based on your driving history, geographical location, type of car, age and gender. So, if you're a safe driver with no recent claims and live in a low-risk area, you'll likely enjoy significantly lower rates regardless of your car's color.

However, the myth that red cars are more likely to incur higher insurance rates has been around for so long that many people still believe it to be true. This is despite the fact that the majority of insurers won't even ask for your car's color when calculating your premium.

Insurance Companies Policies

That being said, it's worth noting that some insurers may offer discounts if your car is a certain color. For example, some insurers may offer a discount if your car is painted in a more muted color such as white or grey. This is because these colors are seen as being less likely to stand out and attract unwanted attention.

Alternatively, some insurers may offer discounts for cars painted in bright colors such as yellow or orange. This is because cars painted in these colors are seen as being more visible, which may make them less likely to be involved in an accident.

Common Sense

When it comes to car insurance, it's important to remember that the color of your car really doesn't make a difference. So, before you go out and buy your next car, it's worth considering the make and model as these factors will have a much greater effect on your insurance rates.

Ultimately, the best thing you can do is to shop around and compare car insurance quotes from different providers. This will allow you to find the most competitive rates and ensure that you get the best deal available.

Conclusion

In conclusion, the color of your car won't affect your insurance rates. However, insurers may offer discounts for cars painted in certain colors, so it's worth considering this when looking for insurance. Ultimately, the best way to get the best deal on car insurance is to shop around and compare quotes from different providers.