Are Red Cars More Expensive To Insure?

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Episode 2: The Red Car Myth

Are red cars more expensive to insure?

Question:

Are red cars more expensive to insure than other colours?

Answer:

The colour of the car does not affect the rate for your insurance. Insurance companies use many different variables to determine the cost of insurance. This includes things like the cost of repairs, the likelihood that the vehicle will be stolen and so much more. The colour however is not a factor.

More Info:

The common myth is that a red car costs more to insure and is more likely to pulled over by a police officer. However, the colour of your car does not play a factor when determining your car insurance premium. Instead insurance companies use factors such as the value of your vehicle, the age of your vehicle, the safety features, the cost to repair your vehicle and so much more. Insurance companies also use factors that are not based on the vehicle but instead are based on the driver and other metrics. These factors can include the distance of your commute to work, how often you drive, your age, your gender, your driving record and even where you live. If you believe the other half of the myth that a red car is more likely to be pulled over by a police officer then this may impact your premium as tickets and convictions do count toward your rating. However, there is no statistical evidence that supports red cars being pulled over more than other colours. So as long as you are a good driver, you won’t have to worry about paying more for that red car.

If you have any questions about your car insurance, or would like a quote, head to our car insurance page and speak to one of our knowledgeable brokers.

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