Does car color make a difference with car insurance rates?

I just purchased a red Toyota RAV4. My premiums went up from when I had a silver vehicle. I know a lot of factors go into car insurance rates, but does color make a difference?

Answer
“While you’re right that many different factors go into determining rates for car insurance, you can rest easy that color is not one of them.
It’s a myth that red is the most dangerous or expensive color to insure. While color does not determine your rates, other traits of your vehicle do affect rates, like:
  • Make
  • model
  • Age of your vehicle
If your rates increased after adding your new car, it’s likely because people with your type of vehicle may be getting into more accidents or submitting more claims. A new vehicle also always costs more to insure than an older one due to its actual cash value. It will cost an insurance company more to replace your new car versus your old one.
Since your premium increased, shop around. You can find a lower rate for your new car with another company.
If you’d rather leave the hard work of gathering quotes to someone else, use Jerry. Jerry collects quotes from up to 50 top insurance companies and delivers the best deals to your phone in minutes for free.”
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Sophie Newman
Answered on Sep 15, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.
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