For generations there has been the misconception that the color of your car can affect you car insurance rates. For example, many people assume that if you drive a red car you are an aggressive or fast driver and that will ultimately result in an increase to their car insurance premiums.
Theory has it that red or black cars are more likely to get pulled over by the police for speeding, fortunately there has been no studies that prove a direct correlation between the color of your car and aggressive driving habits. Driving a red car doesn’t make you speed more than driving a blue car. This is just not true.
So what does this mean for your insurance company? The Insurance Information Institute, an industry information clearinghouse funded by insurance companies, claims that your insurance company does not care about the color of your car. Instead, your insurance company cares more about the type of car you purchase.
Other than your driving habits and record, car insurance companies look at the type of car you purchase when deciding on your quote. They take into account the type of car you have and consider the chance of you getting into an accident and how severe it could be based on the make, model, engine, body type, safety features and other details of the car.
Other factors when deciding premiums, is the estimated cost for repairs and the likelihood of it being stolen. These are just a few ways insurance companies determining your premium, but car color is not.
With no relationship between insurance premiums and car color, drivers can choose the color that better suits them as a person. As for driving styles, no matter what color car you drive it is always smarter and safer to drive at the appropriate speed limit and to practice good driving behaviors to avoid getting pulled over.
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