The Best Is It True That Insurance Is Higher On Red Cars References. The idea is that the color red attracts car thieves, i guess like hummingbirds. You may have heard red cars are more expensive to insure.
Here are some of the factors that help determine your auto premium and what to look for when shopping for car insurance. It’s true that some vehicle types cost more to insure than others. Where does the red car myth come from?
So While Sports Cars Are More Expensive To Insure Because They Are Often Driven Faster, It’s The Type Of Car, Not The Colour That Affects The Insurance Rate.
“i guess that myth just keeps perpetuating.”. Make, model and trim level of the car are factors that impact your premium. Red car owners thus have higher rates.
7 Myths About Car Insurance.
If you said red, then you should consider a job in the stats business! It’s possible that people who buy more expensive cars, like the sports cars we mentioned above. The newspaper’s research found that black cars were pulled over most often, along with white, gray, and silver automobiles, with red vehicles coming in fifth.
The Common Belief That Red Cars Cost More To Insure Is A Myth.
It may be the illusion of red as being a faster car. “color has nothing to do with rates,” explains loretta worters, vice president of communications for the insurance information institute, in a remark to cnbc. But it's simply not the case that insurers place higher premiums on red cars.
Cops Don’t Target Red Cars.
In fact, insurance companies don’t consider your vehicle’s color when. Studies show that police pull over red cars more than other colors. Your car’s color isn’t a factor we consider in the rating of your policy.
Red Being A Common Color For Sports Cars May Have Led To.
Here are a list of things that insurance companies factor in when setting the cost of your premiums: Why is insurance higher on red autos or is this so? Some cars are more expensive to insure because they cost more to repair.