Someone somewhere at some point started a rumor that having a red car means you will get more speeding tickets and higher insurance rates. The reason I have heard more often is because the red stands out more from other cars and therefore the police officers eye sees the red car and stops it even though others say black cars driving near the red car are also accelerating. This reasoning seems logical, but what about auto insurance rates? Does having a car of a certain color affect your prices?
Perhaps the main reason for the continued presence of this supposed myth is the psychology behind how a certain person chooses the color of their preferred car. Studies on this topic have determined the theory that people who buy a red vehicle like to drive fast or feel like they need to speed through everything in life. That statistic provides a direct correlation between the “more speeding tickets” part of the myth, so maybe there really is something to this.
Not to ruin the article, but the short answer to ‘Does the color of your car affect your car insurance rates?’ It is no, it is not. The only time this may be possible is if the insurance agent who sees your car when you enter your parking lot or when taking pictures of your vehicle for their records does not like the color of your car and takes it personally on your policy. . If you think this is being done, it’s probably best to leave that company anyway, but that’s another story.
Sometimes it has been suggested that the vehicle identification number or VIN has a certain code to notify the color of the car, but this is not the case. The VIN does not store details about the color of the car in its code.
However, auto insurance companies consider several other factors, such as the year, make and model, the size of your engine, and also your past driving history and where you live. Where you live is generally determined by your zip code. So if your favorite color is sweet apple red, buy that car or paint your current car without worrying about getting pulled over or stolen with high insurance rates.