How Car Color Affects Insurance Rates

A common misconception about car insurance is that different colors will cost you more to insure. The idea is that red or black cars are charged higher premiums because they are more likely to be stopped by police for traffic violations. Whether or not police stop red or black cars more frequently, insurance companies do not increase your rates when you drive a car of these colors.

Insurance companies do charge higher rates for sports cars than for sedans, regardless of the color of the car. The deciding factor is the number of passenger doors on the car, with 4 door vehicles considered a much lower risk. This strategy is backed up by statistics compiled by insurance companies which show that sports cars – a car with only 2 passenger doors – are more likely to be driven in ways that violate traffic laws such as speeding.

Other factors that could cause you to pay higher rates are such things as the zip code where you live or whether your car is parked in a garage at night or at the curb. Zip codes help insurance companies identify potentially higher risk or crime zones. Parking your car in a single family garage reduces the risk of vandalism and burglary along with virtually eliminating the risk of someone colliding with your parked car while you sleep. Not only will online insurance quotes save you time, they can save you money as well.

If you think you are paying too much for car insurance, get some online quotes from different companies. By getting the quotes online, you can compare rates from several leading companies whenever you want without worrying about taking time out of your work day to shop for insurance. Additionally, if you find a quote that offers you lower prices for your insurance you can sign up on the spot, simplifying the process even more.