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Q

I have a red car, will my insurance be higher than if I have same make and model but different color


A

No, the color of the car is not generally one of the factors that an auto insurance company will use as a rating factor.

The myth is out there that a silver or red car costs more to insure but in all actuality insurance companies do not consider the color, but they do look at the type of car. If it is a red sports car it will likely cost more than a green family car to insure but because of the powerful engine and statistics of accidents relating to sports cars compare to a four door family sedan, not the color.

If you are getting car insurance on a red car in the same make, model, options, etc as a white car with the only difference being the color than the premium amount should be the same for the red car as the white car.

Many people have the misconception that red or silver cars cost more to insure than white or tan ones. This is not true; the type of vehicle underneath the silver or red color may affect your car insurance rates but not the actual color of the vehicle.

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Some factors that insurers consider include your age, the kind of vehicle you drive, your claims history, in some states your credit history and your driving record.

See the lists below for a more comprehensive list of factors that various insurance companies may take into account when determining rates.

General factors:

  • Your age
  • Marital Status
  • Gender

Factors you CAN change that impact your auto insurance rates:

  • Accident claims
  • Geography
  • Driving violations
  • Your vehicle
  • Credit rating
  • Occupation

Other potential factors that go into determining premiums:

  • Years of driving experience
  • Miles driven per year
  • Distance to work
  • Business use of the vehicle
  • Whether or not you currently have auto insurance
  • Theft protection devices (often results in discounts and doesn't affect rating, but it affects the price)
  • Multiple cars and drivers (another opportunity for discounts and doesn't affect rating, but it affects the price)

To get car insurance quotes for your red, silver, black, tan or any color in the massive color spectrum.


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