Insurance Rates By Car Color

States set car insurance regulations and minimum insurance requirements which can have a major impact on the rates paid by residents.
Insurance rates by car color. This is one of those urban legends that for some reason has stayed within the minds of the public over the years. Not only does color have nothing to do with car insurance rates a particular model s risk isn t determined by the number of tickets its owners receive. Even in an expensive state for car insurance like new york a few popular models stand out for their high safety and low car insurance rates.
Car insurance companies do not take a car s paint color into account when determining premiums. But according to the insurance information institute iii the color of the car you drive does not affect the price of auto insurance here are some of the factors that help determine your auto premium and what to look for when shopping for car insurance. State required insurance minimums can also raise or lower insurance costs.
In fact when insurance companies get the information for your car it s typically through the vin or vehicle identification number. In reality however not only does color have nothing to do with car insurance rates a particular model s risk isn t determined by the number of tickets its owners receive. There are many urban.
There are many other risk factors that actually do matter when insurance companies calculate your rates. 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. A senate inquiry has revealed the price of car insurance premiums can be influenced by factors such as car colour and marital status.
It makes no difference. No the color of your car does not affect your car insurance rates. As an example michigan uses a unique no fault insurance system that in many ways is responsible for its high premiums.
Not just relevant stats about your car like vehicle age mileage or even type of engine but information about you your age where you live your driving record. Your insurer could not care less about your car s color. Rates are subject to change.