Do You Pay More Insurance for a Red Car

It’s no secret that red cars are seen as more desirable. And, according to some experts, this may be due to the fact that they tend to cost more to insure. In a study conducted by Insure.com, it was found that people who drive red cars pay an average of $1,390 more for car insurance than those who drive other colors. While this may not seem like much on the surface, over time it can add up. So what can you do to ensure you’re getting the most affordable rates possible? Read on for our tips on how to avoid paying more for car insurance and get the coverage you need without breaking the bank.

What is a Red Car?

If you’re looking for a bargain on car insurance, you may want to consider buying a red car. According to the Insurance Research Council of Canada, drivers in red cars pay an average of $1,530 more in premiums than drivers of other colours. The main reasons for this are that red cars are more likely to be involved in crashes and have higher rates of tickets and accidents.

Why are Some Cars Red?

There are a few reasons why some cars are commonly red. One reason is that red dye is cheaper than other colors, which means that automakers can use it in more vehicles. Red also stands out best against other colors, making it easier for drivers to see the car in traffic. Additionally, some studies show that drivers of red cars are more likely to be involved in accidents than those driving other colors.

The Negative Effects of Red Car Insurance

Red cars are often associated with danger, and as such, they tend to cost more insurance than cars of other colors. In fact, red cars are three times as likely to be involved in a crash as other colors. Additionally, red car drivers are three times as likely to be ticketed than drivers of other colors.

These negative effects don’t stop there. Red car drivers also have a higher accident rate overall. In addition, crashes involving red cars are more severe on average than crashes involving other colors. Finally, red car drivers are more likely to be involved in alcohol-related accidents.

Given all these negative consequences, it’s no wonder that people who drive red cars pay substantially more for auto insurance than those who drive other colors. If you’re considering whether or not to buy a red car, it’s important to consider the potential costs and benefits before making a decision.

Conclusion

Do you pay more insurance for a red car? It’s a common question, and the answer is, it depends. In some cases, drivers with red cars can expect to pay higher premiums than those who drive other colors. However, there are also cases where drivers with red cars wind up paying exactly the same rates as other drivers. To figure out whether you’re likely to be affected by this policy, it helps to know your driving history and what kind of car you own.