Thursday, February 19, 2015

So Why Do Red-colored Cars Have Greater Insurance

Blood with dander?


While buying a red car does not inherently cause an owner to pay more for insurance than other colors, there seems to be enough evidence to suggest a correlation. Perhaps black should be the new red.



This statement has been backed up by underwriters at Progressive Insurance and Allstate in an article by Bankrate.


Do They Stick Out of the Crowd?


Colour Things, specialists in colour impression, hold suggested bloodshot cars may appropriate the eye of besides traffic cops in that they are easier to spot driving down the freeway. Once spotted, a police officer might be more likely to site his radar gun and hire them exceeding the quickness path. Besides tickets equals a higher insurance premium.


Is It the Driver?


Aggressive driving?


Another belief is that humans who select red as the color of their car may be more daring and take more chances. If these people happened to drive more aggressively, they would also get more tickets and be more likely to be involved in a collision, two factors that directly affect insurance premiums.


It's All About the Car and Driver


The target market for sports cars are young males. Most sports cars are available in red. This combination of young male driver plus expensive high-performance car results in higher insurance rates, regardless of the color.


Correlation But No Causation


An happening rumour that owners of cerise cars recompense higher insurance rates than other colors rightfully begs the feeler: Is there in truth a conspiracy against coral cars? A bit of sleuthing uncovers these answers.

Insurers Don't Know Your Car Color

Insurers authority the ranking channels is completely colorblind. Their systems are completely unaware of the colour of your vehicle when rates are decisive.