Does Vehicle Color Affect Insurance Rates
Does Vehicle Color Affect Insurance Rates. This, however, is a misconception. © provided by motorious this is.
The good news is that the idea of the color of your car increasing your insurance rate is a common, but ultimately false, misconception [source: Car insurance rates increase when the driver is. Factors do affect your insurance rate.
The Things That Affect Car Insurance.
You’ll be happy to know that you are correct; However, is it true that the color of your car can affect your insurance rates? The color of your car doesn’t make a difference to car insurance companies.
This Isn’t Because The Paint Job Makes The Car More Likely To Be In An Accident.
Whether your car is yellow, black, silver, or any other color, your car insurance will not be affected as car insurance companies don’t even know the color of the car you’re driving. The good news is that the idea of the color of your car increasing your insurance rate is a common, but ultimately false, misconception [source: In the end, the only factors influencing your car insurance premiums are the year of the vehicle, make, model, body, whether the car is new or used, how many miles you drive annually, your driving record, and your age.
You’ll Be Surprised To Find Out That.
As it turns out, that’s not far off, as around 25 percent of all cars, trucks, and suvs are indeed white as snow these days, followed closely by those with. While rates are not directly affected by color, a red car might draw more attention to itself by a patrol officer, causing higher rates of tickets, which does affect insurance premiums. 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.
While the color of your vehicle will not usually directly affect your insurance rates, a custom paint job will. When shopping for auto insurance rates, make sure you shop around and. Car insurance premiums are calculated based on lots of information about you and your vehicle, that an insurer then uses to estimate how likely you are to get in an accident and have to file an insurance claim.
While Car Colour Can Indirectly Affect Auto Insurance Premiums, The Insurer Does Not Factor It In.
In conclusion, car color does not affect your auto insurance rates, but many factors can raise your policy premiums. © provided by motorious this is. The color of a vehicle has zero effect on car insurance premiums.