11/10/2023 0 Comments Silver blue car![]() ![]() The level of coverage that you have is also a significant factor when it comes to rates. The make, model, and year of your vehicle will also make a difference, regardless of the color. One of the biggest factors that influence insurance rates is the driver, so having a clean driving record and improving your credit score can help keep your insurance rates lower. These factors have a greater impact on your insurance rates than the vehicle's color: Factors that Directly Affect Insurance Rates It is always a good idea to notify your insurance company if you add a custom paint job, or modified parts, to your vehicle to ensure it is covered. Anything that increases a vehicle's total value can also increase the insurance rates. This is because a custom paint job will cost more to repair or replace if it's damaged. While the color of your vehicle will not usually directly affect your insurance rates, a custom paint job will. How Custom Paint Jobs Affect Insurance Rates Red cars can cost more when buying, but this does not always correlate to a higher insurance cost. However, according to WalletHub, this is not the case. With a decreased risk of theft and lower value, insurance companies will be more likely to give you a cheaper rate.Ī common myth is that red cars are more expensive to insure. Also, brighter colored vehicles can be harder to resell, reducing their value. According to Vox.eu, brighter colors vehicles are more easily noticeable, meaning they are less likely to be stolen. Some vehicles are less likely to be stolen. The color of your car can indirectly affect insurance rates in other ways too. According to a study by Axalta and a report by, these are the most common car colors and the portion of vehicles made in that color:īased on this, vehicles that are white or black are likely to cost more to insure, since they are more in demand colors. For example, a color that is more in demand can increase the price of a vehicle, which in turn, can increase rates. Color can indirectly affect your insurance rates. What Color Cars are Cheaper to Insure?Ī lot of factors go into calculating insurance rates, both directly and indirectly. Studies have found little direct connection between the color of a vehicle and insurance rates, however the color of a vehicle may indirectly affect insurance rates in some ways. Some drivers wonder if the color of their car affects insurance rates and what color cars are cheaper to insure. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |