Almost 44% of Americans believe that red cars cost more to insure. If you’re wondering how much extra you’ll pay in car insurance for a red car, we’re here to tell you that that assumption is completely false!
Red cars do not cost more to insure. It won’t matter whether your car is black, white, blue, or brown; your car’s color won’t change what you pay for car insurance. Don’t believe us? Check out Quote Purple’s online quote tool– we never ask what color your car is, but there are some other things we look at.
Let’s take a look at some things that will change the price of your car insurance.
Also Read: 5 Money Saving Tips Insurance Companies Wish You Didn’t Know
How Car Insurance Is Calculated
You might be wondering why your car insurance premium is so high now that you know red cars don’t cost more to insure. When determining a car insurance quote, insurance companies look at:
- Your age and gender.
- Where you live.
- Your credit score.
- Your car’s make and model.
- Who drives your car.
- How often you drive and what you use it for.
- Where you park your car.
- Your driving history.
- How much coverage you want and need.
If you can’t figure out why you’re still paying so much in car insurance despite color not effecting your premium, check out your driving history. You can do this by contacting your insurance company, or looking it up on your own. Having a red car won’t affect your car insurance, but an old speeding ticket you forgot about will increase your car insurance!
Also Read: How To Check Your Driving Record
5 Reasons Your Car Insurance Premium Is So High
There’s a few reasons why your car insurance premium is so high. One thing for certain is that it won’t be your car’s color. Although custom paint jobs, additional features, and special equipment may drive up your car insurance premium, simply having a red car won’t affect your rate.
Common reasons why your car insurance is secretly so high may be because:
- You have a ticket or violation you don’t know about.
- There’s a mistake on your driving record.
- You have a poor credit score.
- You own a commonly stolen vehicle.
- Other drivers listed on the car have a poor history.
Check into your background a little more to see what could be spiking your car insurance premium. If you need help breaking down your car insurance quotes, call Quote Purple and we can connect you with an expert who can help.
Also Read: How To Find Out If You’re Paying More Than Your Neighbors On Car Insurance
How To Get Cheap Car Insurance
If you want to find more ways to save on car insurance, check out Quote Purple’s compare tool. We only show you the quotes from the best insurance companies with the top coverage, so you don’t have to spend hours sifting through sub-par quotes.
For even more ways to save money on car insurance, follow Quote Purple’s Facebook page, or call Quote Purple at (877) 200-6113 to talk to an expert.
Also Read: Are You Eligible For These Hidden Discounts?