Do Red Cars Cost More To Insure? You may have heard that it’s true. However, the Insurance Information Institute (III) claims that the color of the automobile you drive has no impact on the cost of auto insurance. Here are some of the criteria that go into determining your vehicle insurance rate, as well as what to look for while searching for coverage.
- The make and model year of the car
- Who drives the car
- The number of miles you drive
- Where you live
- Where the car is parked a majority of the time
- Your age, marital status and gender
- Your driving history (i.e. any accidents and traffic violations)
- The auto coverage you choose
- The deductibles and coverage limits you select
So, while the color of your car does affect the cost of your insurance, it’s more about the type of car you drive and how you drive it than the color.
What To Look For When Shopping for Car Insurance
The III suggests collecting at least three estimates from different car insurance providers while searching for auto insurance. This will assist you in comparing rates in order to obtain a competitive price for your vehicle. Make sure that all of your car insurance estimates are for the same set of auto coverages, deductibles, and limits. You can be sure you’re comparing quotes for the same set of protections this way.
Check to see if you qualify for any auto insurance savings. If you bundle numerous insurance plans or have safety features on your car, you may be able to save money on your auto rate.
Remember that the color of your vehicle has nothing to do with how much you pay for auto insurance the next time you get a quote. Do you have any concerns regarding your auto insurance policy? Your local agent can assist you in finding the right auto insurance for you.
Contact Rate Marketplace for more information.