One of the most common rumors that people spread in regards to car insurance, is that the color of your car will affect your insurance rates. For whatever reason, people assume that if your vehicle is a bright cherry red, you will have higher insurance rates than a vehicle which is an ugly grey or dark brown. If you actually take a look at the facts and/or ask any car insurance company whether color has an affect on rates, they will tell you “no, the color of your vehicle does NOT have any influence in determining the price of your insurance.”
Myth: Car Insurance Rates Are Determined by Color
So if you were one of the lost souls that believed the color of your vehicle affects your insurance rates, you couldn’t be more incorrect. The sad thing is that some people take extreme measures as to avoid getting the color that they really want when buying a new car because they actually think it will raise the cost of their insurance. I want to make it clear that if you purchased a new 2012 Honda Accord in the color black, your insurance rate would be increased moreso if you decided to get that identical 2012 Honda Accord in bright red.
Understanding: The Color of Your Car Will NOT Affect Insurance Rates
Make sure you spread the world that the color of your vehicle does not affect car insurance rates. There are still a lot of people that have not been explained the truth behind this myth. If you don’t believe what you’re reading here, feel free to call up any insurance company and ask them for the truth – they will tell you the same thing.
What will affect your rates if your car color doesn’t have any influence?
Since the color of your vehicle doesn’t have any impact on auto insurance rates, what are some factors that do play a role in the price of your premiums? Although there are a lot of different factors that insurance companies take into account, below is a list of some common ones:
- Year, make, and model of your vehicle
- Type of vehicle – Minivan, car, truck, SUV
- Location – Your home address, zip code, (e.g. your city).
- Risk Profile – If you have speeding tickets, have been convicted for drunk driving, etc. these will all raise your rates.
- Amount of insurance – If you are purchasing a comprehensive car insurance policy with collision coverage, it will cost more than a basic PLPD policy.
- Your age – Are you older or younger?
Does the color of my car increase my chances of getting a speeding ticket?
Although some sources suggest that red cars are associated with getting pulled over more often, there is absolutely ZERO correlation between red cars and getting more speeding tickets. Based on some independent research, the owners of grey cars actually get more tickets than the other colors available. If I were you, I would not be as worried about choosing a bright color vehicle because it will not affect your auto insurance rates, and it will not increase your chances of getting a ticket for speeding.
Policemen do their best to find people that are breaking the law – they aren’t too concerned with the color of your car. Sure a red vehicle may appear to be brighter and stand out more to the human eye, but it really does not hold any bearing on determining whether you get a speeding ticket. Hopefully you now are able to officially dismiss the myth that car color is going to play a role in determining the price of your insurance.
If you need a free quote, feel free to use the zip code form above and compare prices from the leading insurers in your area. The quotes are 100% free and the tool that we used only provides the most trusted providers based specifically on your location.