Does insurance care about car color?
Asked by: Christopher Kulas | Last update: July 18, 2023Score: 4.8/5 (33 votes)
You might have heard that the color of your vehicle will affect your auto insurance rates, but this is a common myth. It doesn't matter what color it is because the insurer will not factor that into your policy rates.
Does the color of your car affect your insurance?
You may have heard red cars are more expensive to insure. 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.
What colors make insurance higher?
Based on this, vehicles that are white or black are likely to cost more to insure, since they are more in demand colors. The color of your car can indirectly affect insurance rates in other ways too. Some vehicles are less likely to be stolen.
What is the safest car color?
White. We've referenced the safest color car on the road. That color is white. White cars are 12 percent less likely to be involved in an accident than black cars at any time of the day under any conditions.
What is the cheapest car color?
Red is the most expensive colour, worth an extra $338; grey is the cheapest, worth $389 less than the convertible average. For trucks, black is the most valuable colour, worth an extra $221; blue is the cheapest, averaging $237 less than a typical pickup. "Here's the catch," Klein says.
Your Car's Color and its Effect on Resale Value. Why color matters...
Do yellow cars have higher insurance?
No, car color does not affect insurance rates. Whether your car is yellow, black, silver, or any other color, your car insurance will not be affected as car insurance companies don't even know the color of the car you're driving.
What color cars get stolen the most?
Surprisingly, green cars are the most popular among car thieves according to recent research by Monash University Accident Research Centre. While white may be the most common car colour - they're stolen at a rate of 2.65/1000 registered vehicles.
Does car color affect price?
“Color generally doesn't have an impact on the price of buying a new vehicle. However, in-demand colors like white, grey, and silver may be widely available and easier to purchase than those with unique colors. More popular colors will also hold better resale value over time since there is more demand for them.
What is the most popular car color for 2021?
According to PPG, 35 percent of all new cars built in 2021 were painted some variation of white, with black a distant second place at 18 percent. Grey rose in popularity by two percent, taking up 14 percent of the market share, followed by silver at 11 percent.
What color car is easiest to maintain?
Silver/Grey
These cars are one of the easiest colours to keep clean because they hide dust more easily than black and darker coloured cars, and also do not highlight mud that builds upon the lower panels as much as white cars. The easiest, most forgiving colour of all car paint colours.
What cars do Thieves target?
- 2001–2021 Toyota Prius.
- 2011–2017 Chrysler 200.
- 1987–2019 Toyota Camry.
- 1997–2020 Honda CR-V.
- 2005–2021 Chevrolet Equinox.
- 1999–2021 Chevrolet Silverado.
- 1990–2022 Ford Econoline/E-Series.
- 2007–2017 Jeep Patriot.
What color car is most likely to be in an accident?
According to the study, white cars are 12 percent less likely to get into an accident than black cars are, regardless of the time of day. Cream, yellow, and beige cars also ranked closely behind white; yellow actually surpassed white as the safest color in some studies as well.
Why are black cars more expensive?
Unlike other colors, black cars have less depreciation. That makes them more valuable and relatively more expensive than other colors. Due to their commonality, black cars are a popular choice for the resale market. Since buyers have more freedom to shop around, you're almost guaranteed to make a sale.
Why do red cars cost more to buy?
The misconception that red cars are more expensive to insure is fiction. There isn't much evidence to back up the claim that red cars raise insurance prices. While auto insurance companies consider various factors when determining your premium, the color of your vehicle is not one of them.
Why are white cars so popular?
The upside of buying a white car: Consumers are less likely to get sick of the color compared with red, orange or beige, and the consistently high demand for white cars means they tend to hold their value in the resale market. “Bolder colors sometimes depreciate faster, depending on trends,” Wiesenfelder says.
Which cars are hardest to steal catalytic converters from?
American brands such as Ford, Chevy, Jeep, Dodge, and Chrysler tend to have less valuable catalytic converters and are therefore less likely to get stolen. Some Nissan, Hyundai, Mazda, and Subaru models also fall into this category. Many brands used cat designs that limited how many precious metals were inside.
What color car looks the cleanest?
Beige, light blue, light gray, and silver are the best car color choices for those who want to keep their vehicles clean. In addition, white paint can hide dust and debris well.
What cars are hardest to steal?
- Jaguar XF. ...
- Nissan Leaf. ...
- Hyundai Tucson. ...
- Audi A4. ...
- Land Rover Discovery. ...
- Lexus HS 250h. ...
- Tesla Model X. ...
- Mercedes Benz GL 550 by TAC. The Mercedes Benz GL 550 by the Texas Armoring Corporation (TAC) has a (literal) bulletproof exterior so you won't have to worry about gun-toting thieves.
What's the easiest car to steal?
Best-selling vehicles tend to be the most targeted by thieves, and Toyota Camrys are no exception. Their universal parts are catnip for criminals, who strip the cars and resell the parts for a profit. If you own a 2007 model, beware: The 2007 Toyota Camry was the most stolen version last year.
What is the most stolen car 2020?
Topping the list of the most stolen cars in America in 2020 is the 2006 Ford F-150. This is the second year the pickup has topped the listing, with over 44,014 units stolen in 2020, 13% higher than in 2019.
What color car holds value best?
According to the iSeeCars report, yellow is the most valuable colors among convertibles and SUVs, while orange does it for coupes, beige is best for pickup trucks, and purple, being among the rarest of colors in any segment, boosts the value of sedans the most.
What does a black car say about you?
People who choose black cars want to portray confidence and sophistication, and often love being in control, Smith says. It can also signify a driver who is defined and strong — or at least wants to be perceived that way.