Does car color affect your insurance rates?
Will a crimson cable car cost you more to insure ? absolutely not. That doesn ’ t keep people from believing it, though. According to an Insure.com sketch, 46 % of 2,000 accredited drivers believed that red cars are more expensive to insure because they ‘re pulled over more frequently. so far they ’ ra doubly mistaken. not only does color have nothing to do with car indemnity rates, a particular model ‘s risk is n’t determined by the number of tickets its owners receive.
KEY TAKEAWAYS
- Car insurance rates have nothing to do with the colour of the car because it does not affect how risky is the car model.
- Insurance companies are concerned about claims. A car with many claims or a record will be more expensive to insure.
- Insurer takes into account your driving record to calculate your car insurance rates and decide if you are a high risk driver.
- The only way you can be charged more for car insurance premium is if your car has a custom paint job.
Red, blue, silver: It makes no difference
Your insurance company could not care less about your car ‘s color. “ The color of your vehicle is not even a interview on the indemnity lotion, and it is a non-factor, ” says Kristofer Kirchen, president of Advanced Insurance Managers. alternatively, insurers ask for your fomite recognition number ( VIN ) act during the underwrite march. Vehicle discolor is n’t a component of the VIN code. A VIN can tell you quite a bite about a vehicle, including where it was built, its spare level and even warranty details, but it can not tell you or your insurance company the color of your ride. so go out and buy that Ferrari-red sports car. Your insurance company will not care, adenine long as it is not an actual Ferrari .
Tickets don’t matter? Yes and no
Tickets count when an insurance company looks at your drive record to calculate your individual rates and decide whether you are a bad driver. A individual accelerate ticket can raise your rates by at least 22 %, according to data gathered from six major carriers for Insurance.com by Quadrant Information Services. Two tickets — 43 % on modal. so, yes, tickets affect rates, but only for the driver who got them.
policy companies care far more about claims, which directly affect their bottom wrinkle. A car with many claims or a record of more expensive claims will be more costly to insure – for everyone who buys that model of car. Whether loss cars are more frequently pulled over is harder to pin down. Law enforcement officers say it ’ randomness just not an issue, and surely a radar artillery or speed television camera doesn ’ t know the difference between arrest-me red and rental-sedan ashen .
Color does matter: The exceptions
The only way paint can be a factor in your indemnity rates is if you have a custom-made paint job, but even that shouldn ’ metric ton add a long ton to your premium. “ Custom paint could increase your rates, ” says Kirchen. “ It could be considered under extra custom-made parts and equipment, but there would only be a nominal fee charged for it. ” And while it won ’ t directly cut your rates, your car ’ s color may make it less likely to be stolen. In that case, a red car might be an advantage. According to a 2012 composition by CCC Information Services, red doesn ’ t tied register in the top five vehicle colors that are most frequently involved in thefts. cable car thieves prefer k, gold, blacken and white cars, and their no. 1 pick is silver.
Cars that are frequently stolen will besides cost more for comprehensive coverage .
So who cares about color? You do
Insurance.com surveyed 1,000 men and women, all married, licensed drivers over the long time of 25, asking them about their car ‘s tinge and why they chose that discolor. The clear colors were :
- Black: 19.5%
- Silver: 18.5%
- White: 16.2%
- Blue: 12.5%
- Red: 8.5%
The reasons drivers chose their particular color :
- It was pretty: 31.5%
- No other choice: 25%
- Wouldn’t show dirt: 10.2%
- I look good in it: 9.7%
- It blends in: 7.6%
- It stands out: 6%
- Safety: 5.8%
- Resale: 4.2%