Does Car Insurance Cost More For Red Cars?

When choosing what color they want their vehicles to be, many drivers ask this question related to a common myth, “Are insurance rates higher for red cars?”.  Many factors can come into play when it comes to calculating the price of your auto insurance premium, so it is completely understandable for people to believe in the common myth that red cars warrant a higher insurance premium. However, this myth is 100% false, as there is no proof to support red cars being more prone to car damages or theft. 

A study conducted by showed that 44% of all American respondents believe that red cars fetch higher insurance premiums. Despite being considered to be one of the top six auto insurance myths, insurance companies do not factor into account the color of a vehicle when calculating insurance premiums.

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Factors that Do Increase Car Insurance Premiums

While the color of your car doesn’t affect your car insurance premiums in any way, there are indeed other factors that do play a part. When you apply for a car insurance premium, it is common for insurance companies to ask for your vehicle’s make and model, vehicle identification number (VIN), and other similar details alike. In most cases, insurance companies wouldn’t even bother to question the color of your car.

A non-exhaustive list of some factors that do play a part in the rates of your car insurance premiums include:

  • Mileage
  • Make and model of car
  • Driving record
  • Age
  • Gender
  • Years of driving experience
  • Credit history
  • History of making insurance claims

When Colors Do Matter

While the color of your car doesn’t affect the rate of car insurance premiums, they might however have a different view when it comes to custom paint jobs. Most insurance companies view custom paint jobs as custom parts and equipment, which can indeed increase the prices of your car premiums. Fortunately, a custom paint job would usually increase the rate of insurance premiums by only a small scale.

Is It Advisable to Get a Red Car?

Red cars increasing insurance premiums are just one of the popular myths surrounding red cars. Now that we’ve debunked one, let’s move on to see if others hold. This other myth states that red cars will increase the chances of getting pulled over by police officers, and even increase the chances of the car being stolen.

No conclusive data has been shown to prove that red cars get pulled over by police officers more often. Instead, certain car models are shown to be more likely to be pulled over. 

A study conducted in 2012 found that the colors of cars that were most likely to be stolen aren’t red, but instead black, gold, green, white, and silver.