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Red Car Insurance Rates

While we cannot weigh in on the validity of loch ness or bigfoot, we can rely on data to dispel one popular myth: Insurers look at the type of car you drive.

Red Car MythCar Color Won't Hurt Auto Insurance Rates

Auto insurance companies see this and will raise your rates accordingly.

Red car insurance rates. In that case, a red car might be an advantage. They do tend to have a higher resale value according to some sources. Red cars are more expensive to insure.

If you live in a zip code light on traffic and auto claims, your rate may decrease because of less risk. If you want a red car, go ahead and get a red car. Marcus troup, a farmers insurance® agent in springfield, missouri, explains what matters about your vehicle — and what doesn’t.

In general, a sports car is any car with only two doors, including two door luxury cars. Oh, and red sports cars are often driven by “aggressive drivers,” so that makes them all the more expensive to insure, on average. Answer the notion that your car’s color affects your rates is a myth.

Of course, it works both ways. Are insurance rates more expensive for my red car? Though this is a widespread belief, it is 100 percent false.

This has nothing to do with the color of the car, but is based on factors attributed to the make and model of the car itself. It’s true that some vehicles are more expensive to insure than others, but any difference is based on hard data A red car might look devilish and expensive, but in reality, insurance companies do not care what color your car is, and it holds no weight in your premium assessment.

On the other hand, if that red car is a sports car the rates may be higher. Here are a list of things that insurance companies factor in when setting the cost of your premiums: But if you want cheap car insurance quotes, be aware that these are the factors that come into play when insurance companies assign rates:

So if it is indeed more expensive to buy car insurance for a red car, it is only for indirect reasons. The color of the car is not even a question on a car insurance application, so red car insurance is no more expensive than black, green or white car insurance. In fact, when insurance companies get the information for your car, it's typically through the vin , or vehicle identification number.

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. Auto insurance is one the factors you need to consider. When does car color affect your car insurance rates?

Running a red light can add anywhere from 2 to 4 points on your driving record. A red car won’t cost you more than a black, silver, green, or blue car. In fact, 46% of licensed drivers surveyed by insure.com believe that red cars are more expensive to insure because they’re pulled over more frequently.

You’ve had your eye on a cute little red car parked in a nearby car dealer’s lot. A sensible argument can be made for banning the use of education level and profession in determining car insurance rates. According to a 2012 report by ccc information services, red doesn’t even register in the top five vehicle colors that are most frequently involved in thefts.

Myth confirmed in some states. Accidents that were not my fault could raise my insurance rate. 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:

No, the color of a car does not affect your insurance premium. In both cases, these people pay low car insurance rates. You may have heard red cars are more expensive to insure.

Insurers are interested in the year, make, model, body type, engine size and age of your vehicle. A study by insurancequotes.com found that 44 percent of americans think owning a red car increases insurance premiums. Does car color affect insurance rates?

Red cars increase insurance rates. You can see the impact of your car on. Demographic info including your age, gender, marital status and occupation

Some cars are more expensive to insure because they cost more to repair. So your dearly beloved vehicle has seen better days, and it’s time to start looking at a replacement. Consider the red car argument:

Insurance companies may be forced to adjust rates in those areas. A red car won't cost you more than a green, yellow, black or blue car. One of the most popular myths concerning auto insurance is that the color of your vehicle has an effect on your total insurance rates;

And while it won’t directly cut your rates, your car’s color may make it less likely to be stolen. According to insurance experts, insurers never ask what color a car is when a customer requests a quote. While many people believe that red cars automatically carry higher insurance rates, the truth is that the insurance company doesn’t even ask for the color of your car when rating your policy or reviewing your application for coverage

And if you happen to drive a red car and are in need car insurance, don’t fret. What does affect your premium is based upon the symbol rating of your vehicle as defined by the vehicles vin (vehicle identification number).

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