Are Red Cars More Expensive to Insure? | insuranceQuotes
Are Red Cars More Expensive to Insure?
Have you heard the one about red cable car policy costing more than insurance for other color cars ? It ’ s an urban myth that you ’ ve probably hear at your position, in your neighborhood or at your school .
But does this long-standing legend have legs to stand on ? Or is it a bunch of nonsense ?
Turns out, it ’ s a fiddling morsel of both .
Does the color of your car matter for insurance rates? The theme that a car ’ second coloring material can affect your insurance rates isn ’ t always accurate. A bolshevik car will not be more expensive to insure, despite this being a common belief amongst consumers. For the most separate a crimson car will not be more expensive to insure than any other tinge you choose.
What Color Car is More Expensive to Buy? Though car color normally will not have an affect on your car insurance rates, white, black, blue, and crimson cars are normally more expensive to purchase across the board as they are very popular colors. popular car colors may be more expensive as the demand for them is higher.
The Truth About Red Cars and Insurance
If you ’ ra inquisitive “ Are red cars more expensive to insure ? ” We have the answer. bolshevik cars do cost more to buy, but not necessarily to insure .
LeaseTrader.com recently analyzed the consequence of color on merely the price of cars. Their study found the color red had the highest median monthly list price for about all makes and models .
Black was a close second, followed by blue. “ The color silver medal is very cheap compared to most of the other colors, ” Sternal says .
Red is relatively popular, besides .
The 2010 DuPont Automotive Systems Global Color Popularity Report says silver and bootleg are locked in a tight raceway for the title of “ world ’ s most popular car color. ” Black ’ south popularity in key automotive markets outside North America is solid .
Closer to home, white held the top discolor position in North America for the fourth year in a row, with black, silver, grey, and loss polish out the crown five according to DuPont .
Amy Wax, president of the International Association of Color Consultants of North America and owner of Your Color Source Studios Inc. in Montclair, N.J., says crimson continues to be a popular cable car color because it stands out.
“ It ’ sulfur dynamic and excite, and represents high energy. It makes people feel young and good about themselves, ” Wax says .
The love affair that drivers have with red keeps spine prices from coming down .
“ In some instances, a cable car dealer may not negotiate adenine much on a crimson cable car as they might on another color — particularly a new color or one that ’ s not selling very well, ” says Iman Jalali, owner of National Auto Credit, a cable car franchise in Chicago .
The Wrong Info May Have You Seeing Red
however, the popularity of crimson doesn ’ thymine translate into higher car indemnity rates .
“ It ’ s a myth that loss cars cost more to insure, ” says Jerry Becerra, president of the united states of Barbary Insurance Brokerage in San Francisco, who writes car policy policies with numerous policy companies, including Safeco, Travelers, and Progressive. “ none of the indemnity companies I work with always ask for the tinge of the vehicle when fink coverage. ”
however, while the color of the vehicle does not directly affect car policy rates, Becerra says it may have an indirect effect .
Do crimson cars get pulled over more ? Statistics show that red cars get stopped for traffic violations more than other vehicles. With more tickets on their drive records, drivers of red cars are more probable to pay higher rates for bolshevik cable car indemnity coverage .
A 1990 review by the St. Petersburg Times found semblance does topic. White cars, which accounted for 25 percentage of the cars on the road, were issued 19 percentage of speeding tickets. By contrast, crimson cars made up 14 percentage of those on the road but represented 16 percentage of speeding tickets .
Statistics besides show color plays a role in crash rates, however crimson international relations and security network ’ t the most dangerous color on the road.
Researchers at Monash University in Melbourne, Australia, pored over crash data for 17 car colors and found that black cars drive away with the doubtful honor of being the semblance most likely to get into an accident. The research worker say black cars have a 12 percentage higher risk of being involved in a crash during daylight hours than a white vehicle. Following black are grey, silver, blue and bolshevik .
Although color very doesn ’ triiodothyronine affect your car indemnity rates at the end of the day Becerra says these factors do :
- Years of driving experience. If you’ve been driving for fewer than three years, you’re going to pay more for policy coverage.
- Driving record. A history of traffic tickets or wrecks will send your auto insurance uphill.
- Vehicle use. The number of miles you drive, including how far you commute to work, plays a part in your rates.
- Age of driver. Older drivers are considered riskier, so they pay more. Teenage drivers fit into that category as well.
- Credit score. Auto insurance companies believe a motorist with a low score is more likely to skip premium payments, drive recklessly, get a ticket or crash a car than someone with a score of at least 650. Keeping up with your premiums and staying away from trouble behind the wheel could prevent you from seeing red.
To get more information on policy options, contact us for a free cable car insurance quote today !
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