Do Red Cars Cost More To Insure – Many factors determine your insurance premiums, but there’s one thing that doesn’t matter: the color of your car.

Charlotte, NC – We have all seen the famous red cars on the big screen in TV shows and movies. They are known for being fast, and for decades, red cars have been the subject of myths surrounding the automotive industry.

Do Red Cars Cost More To Insure

Do Red Cars Cost More To Insure

One of these myths involves insurance premiums. A verified viewer sent in a question about the cost of car insurance and if the color of your car plays a factor in how much you’ll pay.

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“A red car costs no more to insure than any other color,” said an email from the deputy director of communications and safety for the North Carolina Department of Insurance.

According to the Insurance Information Institute, it doesn’t matter what color your car is. This does not affect the cost of insurance.

The price is not entirely dependent on what kind of car it is. It also matters who is behind the wheel. Your overall safety record, whether you are male or female and your age can determine whether you pay more for car insurance.

VERIFY is dedicated to helping people distinguish between true and false information. The VERIFY team, with the help of questions submitted by viewers, tracks the spread of stories or claims that need clarification or correction. Do you want to confirm? Send us a message at 704-329-3600 or visit VERIFY. Many drivers ask “Are red cars more expensive?” When they choose which color for their vehicle. Although this is a common myth, many other factors are more likely to increase your premium. Read more to know if color really matters when choosing a car.

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A study by found that 44 percent of Americans think that owning a red car increases insurance premiums. Although this is a widespread belief, it is 100 percent false. According to, this is one of the top six car insurance myths. Insurance companies do not consider the color of your car when calculating your premium.

However, they consider several other factors that are important to keep in mind when choosing car insurance. They will ask you for the year, make, model, and vehicle identification number (VIN) of your vehicle. Western National Insurance says most insurance companies don’t even ask you the color of your car when calculating your quote.

Another myth about red cars is that you are more likely to be pulled over by a police officer when riding in one. There is no conclusive data to confirm this myth; However, some studies show that some car models are towed more often than others. Cover says these results are not very robust.

Do Red Cars Cost More To Insure conducted a study in 2016 in which researchers looked at claims and traffic violation data for more than 300 car models. Models with the highest rates of traffic tickets were a mix of luxury and economy vehicles, the study found. Drivers should remember that police are pulling them over based on their behavior. These studies also show that people with bad driving records are more attracted to these types of vehicles.

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While insurance companies may not care about the base color of your car, they may care more about a custom paint job. Insurance companies may view custom paint jobs as custom parts or equipment, depending on the cover. These features may increase your premium, though not by much. In most cases, this will be a small additional fee.

Although studies on colors affecting towing rates are inconclusive, there are studies on what color cars are the most stolen. CCC Information Services reported in a 2012 study that red cars are not among the most likely car colors to be stolen. Instead, car thieves go for black, gold, green and white cars. It also found that silver is the most stolen car color. The researchers hypothesized that this is because silver is less visible than other colors.

Now that we’ve debunked the myth of the red car, let’s look at the factors that can affect your premium. When giving you a quote, insurance companies consider:

When calculating your quote, insurance companies want to know what type of car you have. They will want to know the make, year and model of your car to determine its value. For example, if you have a car that doesn’t cost much, your premium may be lower. However, if your car is expensive to repair, your insurance rates may go up. Each insurance company has different criteria for the premium amount based on the type of car.

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The more miles your car has, the more likely it is to break down. Insurance companies are responsible for natural wear and tear. Older cars are more likely to be involved in accidents, leading to higher insurance premiums. Another factor they consider is the number of miles you’re accumulating, says Cover. Driving to work during rush hour can also increase your chances of an accident.

According to Esurance, safe drivers save more than drivers with a record of traffic violations or accidents. Insurance companies tend to pay more to people who are at higher risk of being in an accident. If you don’t have a history of car accidents, your premium automatically goes down because you’re less likely to cost the insurance company money.

Where you live also affects the cost of your premium, says CNBC. For example, if you park your car outside in a garage, your car is at greater risk of being stolen, vandalized or damaged. People in urban areas tend to have higher rates because of the dense population that leads to more cases of vandalism and theft.

Do Red Cars Cost More To Insure

Age is another factor that insurers consider, says Cover. Drivers under the age of 25 pay more than older drivers. Studies show that both new and young drivers are more likely to crash than older, more experienced drivers.

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Gender also plays a role in the cost of your car insurance. Many insurance companies believe that men are riskier drivers than women and have more car accidents than women. Thus, women often pay less on their insurance premiums than men.

Your credit history is another factor that insurance companies use to predict your risk. Insurers believe there is a correlation between a person’s credit score and driving habits. If you have a high credit score, insurance companies will reward you with lower rates. If you have a bad credit score, they may require you to pay a higher premium.

Your insurance claims history is another common factor that insurance companies look at. If you have filed a claim earlier, your premium will be higher. Insurance companies see drivers involved in accidents as likely to be involved in another in the future.

Your red car may not cost you more in insurance, but other factors certainly can. Unfortunately, many of these are beyond the driver’s control. However, you can take care of your credit score, driving habits, and the car you buy to save on insurance.

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Hearst Autos Research, produced independently of the Car & Driver editorial staff, provides articles about cars and the automotive industry to help readers make informed purchasing choices.

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Do Red Cars Cost More To Insure

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Inflation is driving up car insurance rates, but your age, zip code, credit score, or vehicle may also be to blame.

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If your car insurance rates are high right now, it could be because of your driving habits or age—but it’s also because of the economic crisis facing the auto insurance industry.

Car insurance costs are set to rise in 2023 due to inflation and post-pandemic stress on the automotive and insurance industries. Average car insurance rates have increased by 26% since 2021. If you’re under 25, live in a high-risk zip code, or have bad credit, you may see higher rates even with a clean driving record.

Car insurance premiums are calculated based on a wide range of rating factors, from age and zip code to marital status and credit score. But in

Do Red Cars Cost More To Insure

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