Does Vehicle Color Matter for Insurance?
Red Vehicles Cost More to Insure… Right?
Nearly every new driver hears it. Almost all experienced drivers know it. And a recent poll shows that about half of Americans believe it. That is, the rumor that red cars cost more to insure. The truth is, however, that the color of the car doesn’t matter. Insurance rates are determined by a variety of factors.
So how did the red cars cost more to insure myth get started? It could actually have to do with the color. Let’s break it down.
What Determines Your Car Insurance Rates?
First of all, when you’re signing up for car insurance, have you ever been asked, or filled out on a form, the color of your vehicle? It is in the registration, and can ultimately be pulled, but the color isn’t what the company is worried about. However, they are worried about:
Your Age – Younger drivers are statistically more likely to be involved in a wreck. The higher the risk of a crash, the more the insurance will cost.
Your Experience – Even if you’re not a young driver, but you have only been driving for a short period of time, you have less experience. Therefore, a crash is more likely to happen.
Your Vehicle – The color isn’t a big deal, but the vehicle itself is. A more expensive car will cost more to replace or have repaired, therefore it’s a bigger risk to the insurance company, and it costs more to insure.
Your Record – If you have a history of driving dangerously (tickets on your record, history of crashes), then you pay more for your insurance.
Your History – If you have poor credit, meaning a history of not paying bills on time, then you get charged more. If you have a history of letting your insurance lapse (then reinstating… then lapsing again), you will end up paying more until you have a proven track record.
A few other factors go into your car insurance rates. But these are the biggest ones. So why would the myth that a red car costs more to insure come about? It could have to do with one of these factors.
Why Would a Red Car Cost More to Insure?
Red cars are associated with sports cars and with driving fast. You don’t think of a blue or a green car zipping down the road; you think of a red car, or maybe a yellow or orange car, speeding along.
Traffic officers aren’t going to hand out tickets to red cars simply because they’re red. But that bright red car may catch their eye more often than the darker colored car. So while they’re not specifically on the hunt for a red car, they see the red car, and thus the driver of the red car has a record of tickets and pays more for his or her insurance.
However, that bright red may help too. Red is noticeable, and a red vehicle can be seen easier. Therefore, red vehicles are less likely to be involved in accidents compared to other colors.
Big Sky Collision Center Fixes Cars No Matter the Color
Gold car, green car, red car, it doesn’t matter what the color; if you’ve been involved in an accident we will repair your vehicle.
Give us a call at 406-259-6328 to schedule a time when one of our expert technicians can take a look at your vehicle, and let you know what will be needed to restore it to factory safety standards.