Insurance Rates By Car Color
Cheapest car models to insure.
Insurance rates by car color. No the color of your car does not affect your car insurance rates. Your insurer could not care less about your car s color. In fact when insurance companies get the information for your car it s typically through the vin or vehicle identification number. 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.
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. 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. State required insurance minimums can also raise or lower insurance costs. There are many urban.
Car insurance companies do not take a car s paint color into account when determining premiums. 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 other risk factors that actually do matter when insurance companies calculate your rates. A senate inquiry has revealed the price of car insurance premiums can be influenced by factors such as car colour and marital status.
To be clear red cars neon yellow cars zebra striped cars and cars with skulls and lightning bolts adorned on their hoods cost no more than a conservative grey or tan colored vehicle. As an example michigan uses a unique no fault insurance system that in many ways is responsible for its high premiums. 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. Does car color affect insurance rates.
States set car insurance regulations and minimum insurance requirements which can have a major impact on the rates paid by residents. Car insurance rates by car type. In addition it is a fact that on average drivers of red cars pay higher car insurance rates but does that mean that all yellow and red car owners pay higher insurance rates. Your car s make model trim and model year affect your rates.
Applications are subject to approval fees and charges apply. You may have heard red cars are more expensive to insure. 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.
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