Does The Color Of The Car Affect Insurance – You may have heard of surprises or even read online theories about how car colors affect your insurance. A quick Google search on the subject reveals articles, reports, and questions about how painting can make your bike more or less likely to be stolen or involved in an accident.
There was a sharp increase in the number of green cars stolen between 2011/12 and 2015/16. This is according to the report of the National Vehicle Theft Reduction Council in 2017, entitled “Theft Problems”.
Does The Color Of The Car Affect Insurance
Surprisingly, studies show that green cars have the highest theft rate, followed by black cars. Although the motivation for car theft in the first place also plays a role in statistics. For example, according to research, a green Holden Commodore VT is more likely to be a victim of short-term theft, while a black Holden Commodore VT is more likely to be stolen for profit. On the other hand, those looking for a vehicle immediately after a bank robbery can opt for green, while others looking for a car to resell and earn some money can opt for black.
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A 2007 report by the Monash University Accident Research Center found that cars with a low visibility index were at higher risk of crashing in low light conditions. Therefore, black, blue, gray, green, red and silver cars are at high risk in the morning and at night.
The report found that no other car color is safer than white. Even the type of car will make some difference in the results.
As part of our 2020 Car Insurance Report, we have reviewed the average insurance prices for different car colors.
As you can see, black cars have the highest average insurance quotes, while green cars have the lowest. While it may have something to do with the high rate of theft in black cars, we really can not predict.
Modifications That Don’t Affect Car Insurance
However, after reviewing these statistics and reports, it is clear that there is a correlation between vehicle color and the risk of theft and accident. Although it is important to remember that car color is just one of many factors that can affect these items. Other factors include how to drive safely and where you park at night.
If you are interested in specific models of cars and colors, you may want to consider doing some research first. Look at its auto theft statistics and whether it has a reputation for high collision risk.
Lastly, if you spend a lot of money on your car insurance, why not shop around and see if you can get a better deal. Check out our comprehensive car insurance policy below to get started.
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Tara McCabe writes articles that cover all aspects of personal finance, from banking to insurance. Practical financial expert Tara shows readers how to live a more prosperous and socially aware life while doing so. She holds a Bachelor of Arts in English from Canterbury Christ Church.
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Do Red Cars Really Cost More To Insure?
The “Sponsored,” “Hot Deals” and “Featured Products” labels represent products that the service provider has paid to promote to stand out.
“Sort order” refers to the first sort order and does not imply in any way that a particular product is preferred over another product. You can easily change the order of the products displayed on the page. Many factors determine your insurance premium, but one thing does not matter: the color of your car.
CHARLOTTE, N.C. – We have all seen the famous red car on the big screen in TV shows and movies. Red cars are remarkably fast and have been the subject of decades of car industry myths.
One of those accidents is related to insurance premiums. VERIFY viewers have sent questions about car insurance costs and whether the color of your car affects the amount you pay.
What Is The Most Popular Car Color?
An email from the Deputy Director of Communications and Safety at the North Carolina Department of Insurance simply states, “There is no value in red car insurance over other colors.”
According to the Insurance Information Institute, it does not matter what color your car is. It is not included in the insurance cost.
The price does not depend entirely on the type of car. Who drives is also important. Your overall safety record (whether male or female) and your age can determine how much you pay for car insurance.
VERIFY is committed to helping the public distinguish between true and false information. The VERIFY team monitors the spread of stories or claims that need clarification or correction with the help of questions posed to the audience. Have something you want? Text us at 704-329-3600 or go to VERIFY. If you have ever wondered if the color of your car affects your insurance, you may be surprised with the answer. A common misconception is that red cars cost more insurance, but this is not true because there are Other factors.
Car Insurance Estimate By Make And Model
When it comes to car insurance, the type of car you need depends on your state and your personal situation. Many factors come into play when talking about rates issued to insurance companies, such as the age of the car and your driving history.
You may have heard that the color of your car can affect your car insurance rate, but this is a common misconception. It does not matter what color it is, because the insurance company will not include it in your policy rate.
Insurers know vehicle identification number (VIN), but color is not part of the information. Many factors affect your insurance premiums, including:
As you know, many variables affect policy costs, but car color is not one of them. However, that does not mean that the color does not affect the value indirectly. Certain circumstances, such as high demand and low supply of a particular color, can increase a car’s price and increase its premium.
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Although car insurance for red cars can be more expensive in some cases, this is not directly related to color. Insurers take into account other factors that may add to the cost.
Some people think that the brighter the red and yellow color of the car, the more likely it is that they are involved in dangerous driving, but there are no statistics to confirm this. However, studies have shown that some models are more likely to be pulled by police, but not because of their color.
In general, red and yellow cars are likely to attract more attention, even to the police. If you get a speeding ticket, it may cause an increase in your car insurance rate because you have a history of violations.
In terms of risk, white cars tend to have the lowest statistical risk of being involved in an accident. According to a 2012 report by CCC, red is not the top five car color involved in theft. Thieves prefer black, gold, green and white vehicles, while their first preference is silver. But like traffic tickets, some models are more likely to be stolen than certain colors.
Contact Us About Your Car And Motor Insurance
Some vehicles are more expensive to insure, but this is usually due to the model and age of the vehicle. Many people think that color plays a role in policy values, but it does not.
According to a survey conducted by Insure.com, 46 percent of 2,000 licensed drivers believe red cars are more expensive to insure because they are parked more often. As mentioned above, color does not set interest rates. Instead, insurance companies base their rates on your driving habits, regardless of the type of vehicle you drive. The next two most important factors include the type and year of the car. For example, a 2001 pickup truck is driving