It has long been thought by many motorists that the color of their cars has a great impact on their car insurance rates. Contrary to popular belief, red cars are not necessarily more expensive to insure than cars of other colors. The type of vehicle that you drive, as well as the type of paint job you have on your car, is far more likely to cause your premiums to be affected.
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Many times, the color red is attached to sports cars and luxury vehicles. Metallic paints and other types of specialty paint jobs can cause the value of a vehicle to increase, thus simultaneously increasing auto insurance premiums. Since each car insurance provider calculates risks different ways, you should get several quotes to see if your red car really is more expensive to insure.
Other risk factors that car insurance companies consider when insuring red cars is the driving history of the owner. If a young male driver that has gotten into numerous accidents buys a brand-new red sports car, there is a good chance that his auto insurance premiums will go up substantially.
When does car color affect your car insurance rates?
It’s not just the color of your car that can increase your premiums; the type of paint used is also factored in. Many car manufacturers use special pigments to make their own signature automotive paint colors, which usually causes the value of these vehicles to increase. Metallic paints, high gloss finishes, and paints with metallic specks are more expensive to produce. If your car has any of these types of paints, it would be more expensive for your car insurance company to pay out a claim.
Although you might want to buy a red car because it is reflective of your personality, your auto insurance provider might put you into a high risk category at the same time. If you are unmarried, under the age of 25, and have a less than spotless driving record, buying a red car might be an indication that you are also taking risks behind the wheel.
Do red cars get into more accidents or receive more traffic tickets?
There is also the myth that red cars are more likely to attract the attention of the police, but this is only true if the driver is doing something wrong. The fact is that red is an eye-catching color. Safe drivers are always on the lookout for potential hazards, and a red car is much more likely to stand out.
On the other hand, red is no longer the flashy color that it was in years past. There are many new cars being manufactured with dark red paint jobs, orange-red paints, and even metallic reds. These cars are pickup trucks, station wagons, and even compact cars.
If you own a car that is very memorable, live in a small town, and the police know you on a first-name basis, then yes, your red car might cause you to get more negative attention. However, there are probably many other red cars driving on the road with you that have never been pulled over because the drivers are cautious and responsible. If you visit the Insurance Institute for Highway Safety’s website, you can find out which newly manufactured cars are the safest, and likely, the least expensive to insure.
How can the drivers of red cars get lower insurance premiums?
Even if you were to have your red car painted a different color, your premiums probably wouldn’t go down right away. After you have been categorized as being in a particular insurance risk group, any changes that you make will need to be consistent. It is a far better idea to look for other applicable discounts that your car insurance provider can use to reduce your rates. Any anti-theft devices such as alarm systems and special locks can help you to get a discount on your car insurance premiums.
By avoiding accidents and receiving few driving infractions, you will see your auto insurance rates go down when it is time to renew your policy. At first, your premiums might not be reduced by much, but any reduction in price is a good sign. Within a year or two your rates will be much lower, despite the fact that you are still driving a red car. Remember that the owners of red vehicles can be safe drivers too, so make an effort and you will see the difference.
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