Do Red Cars Cost More to Insure? (2024)

FAQs

Do Red Cars Cost More to Insure? ›

The myth that red cars cost more to insure is, in fact, a myth. While auto insurance companies take a number of factors into account when calculating your insurance rate, the color of the car isn't one of them.

While red does tend to be associated with less of a risk of accidents than black, grey, and silver cars, red cars have more accidents than many other colors. When compared with the safest color on the road, red cars have a 7 percent higher risk of an accident. Red is such a bold, vibrant color.

Blue and red cars had just a 7-percent higher crash risk compared to white vehicles. The reason might be that the colors are more vibrant and catch the eyes of other drivers more than darker colors.

The top five car colors with the best resale value

As of June 2023, the car colors that retain a higher resale value are: Yellow (13.5% value lost over three years) Orange (18.4% value lost over three years) Red (20.6% value lost over three years)

Studies have shown that the four colors of cars that get the most tickets are, in this order, white, red, gray and silver. White cars, for example, get 19% of all of the traffic tickets that are given out in a single year. Red cars only get 16% of the traffic tickets, gray cars get 10% and silver cars get 5%.

Contrary to popular belief, the color of your car does not affect your insurance premiums — red included. Insurers look at a myriad of other vehicle features to determine your car insurance rate, but paint color is not one of them.

According to Kelley Blue Book, white is the most popular color choice for minivans, pickup trucks, sedans and luxury cars alike. White is also considered the safest color. In fact, in comparison to white vehicles, black cars are 12% more likely to be involved in an accident.

The color of your car doesn't affect your insurance rate. Instead, your insurance company uses other information, like your car's age, location, usage, and your driving record, to help determine insurance rates. Learn more about the factors that impact auto insurance pricing.

Research suggests that black vehicles are involved in accidents much more frequently than other color cars. During the day, black vehicles are associated with about a 12 percent increase in crash risk. At night, you're about 47 percent more likely to get into an accident when you're driving a black car.

Neutral colors are popular among thieves.

According to the National Insurance Crime Bureau (NICB) and MotorBiscuit, black, silver and white are the colors most frequently associated with vehicle thefts.

What color makes a car look expensive? ›

Eminent White Pearl

White cars have a natural sense of luxury and classiness that can't be denied. So, it's a great choice if you want to keep your car color simple but not dark.

Red cars are no more likely to be stolen or pulled over by the police than any other vehicle. Painting your car red won't make it more expensive to insure unless you need additional coverage for a custom paint job.

What the research says. For the car market in general, the above-average colors for resale value are yellow, beige, orange, green, red, white and blue. These could be good choices if resale value is a top concern.

According to a 2021 Insurify article, the Subaru WRX is the most ticketed car on the road, followed by the Hyundai Genesis Coupe and the KIA Stinger. Luxury and sports vehicles are more likely to attract a police officer's attention. The list of the most pulled cars goes as follows: Subaru WRX.

Is there any proof behind these stories, or are they just tall tales? It turns out that there is a color that gets pulled over more than others, but it's not red. The vehicle color that gets pulled over more than any other color is actually white.

Some drivers like to reveal their individuality through the color of their car. One typical example is fiery red like fire on achromatic roads. Red cars are very dynamic. Red is often used on performance-oriented cars that show off high speeds with a powerful engine.

The Most Difficult Colors

To keep your car looking nice, you'd need to have it cleaned at least once a week to prevent dirt and dust from building up. Red is another difficult color specifically because it is so difficult to keep from fading in the sun.

Red is often used on performance-oriented cars that show off high speeds with a powerful engine. People driving red cars are typically 'confident. ' They are enthusiastic about self-expression, enjoy a thrilling life, and are cheerful and energetic, mostly known to be the life of the party.

That's important to thieves, so they pick the popular colors. A very bright color such as yellow is probably as effective as an expensive security device in discouraging thieves, Vollaard says. Red, orange, brown and green vehicles are probably less likely to be stolen, too, he says.

Maintaining the color of your car might be difficult. Aside from pearl hues, other colors, such as black and red, need cautious maintenance since scratches, grime, and dirt are easy to spot. White, gray, and silver are the most straightforward colors to keep clean.