Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate drivers about...

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Reviewed by Laura Walker
Licensed Agent for 10 Years

UPDATED: Jun 11, 2019

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Red cars are no more expensive to insure than black, silver, or even purple cars. This question has often been fodder for television news stories and consumer reports but really is just a myth.

A red car may be considered flashy, but it does not prove any more a risk than other color cars.

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The fact is the color of your car does not make you more likely to be in a car accident, be a riskier driver or more likely to be targeted for a speeding ticket if you drive a red car either.

Car insurance companies do not factor in what color car you drive but they do factor in many other variables.

What factors are considered?

The color of one’s car is not taken into consideration when car insurance rates are calculated. The main factor that is looked at when calculating auto insurance rates is your driving history.

A safe driver will always pay lower rates than a driver who is considered high-risk. Some of the questions car insurance companies will ask are:

  • Has the driver repeatedly received tickets for speeding, reckless, or careless driving?
  • Has the driver been at-fault in car accidents?
  • Has the driver been convicted of DUI or DWI offenses?
  • Has the driver previously had their license suspended?

Alternatively, some auto insurance providers will decrease premiums when drivers go a certain length of time without having an accident or receiving a ticket.

The length of time that the insured has been driving is also taken into consideration.

A younger driver will pay more for insurance than an older driver will. Certain milestones in a driver’s life such as college graduation, marriage, and age attained can also cause premiums to decrease as these are considered to contribute to safe driving.

Another factor considered is the replacement cost of the vehicle. An expensive luxury car, such as a Mercedes Benz or Lexus is going to cost more to insure than an economy car such as a Hyundai or Kia due to the cost of replacement or repair if damaged or stolen.

Cars that are powerful, such as a V8 sports car will also be more to insure than a family four-door sedan. This again is because of the potential of the cost of replacement or repair, not to mention the car may be more attractive to thieves.

A driver’s credit history is also considered a factor when determining insurance premiums. Studies have shown a correlation between safe driving, claims submitted, and poor credit, however unfair it may seem.

The amount of mileage that is driven per year is also taken into consideration. The more time spent on the road, the greater the possibility that the driver could be involved in an accident.

This may seem a bit irrational, however, since some studies have shown that most accidents occur just a few miles from where the involved driver lives.

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How can I lower my car insurance rates?

There are many different ways to lower your auto insurance rates but the most common are taking advantage of auto insurance discounts and maintain a good driving record. Speak to your agent about what discounts are available.

Many auto insurance companies offer discounts for bundling policies, vehicle safety equipment, low mileage drivers and more. Some of the most common discounts include:

  • Good Driver Discount
  • Good Student Discount
  • Multi-Policy Discount
  • Multi-Vehicle discount
  • Passive Restraints
  • Airbags
  • Car Alarm
  • Theft-disabling devices
  • Lo-jack or OnStar GPS locators
  • Etched windows
  • Electronic stability control
  • Anti Lock Brakes

If you have speeding tickets on your record, slow down! You may be saving your own life in addition to innocent lives and a better driving record will almost always lead to better car insurance rates.

If you have a poor record, you may be able to have points removed from your license by taking a state-approved defensive driving course. Check with your state’s motor vehicle division and your insurance company to see what options are available. Organizations such as AAA or AARP may be able to assist you also.

Be sure that you are not over-insuring your vehicle. Take into consideration the age of your car, its condition, and the miles on its odometer.

You need to weigh the cost of collision and comprehensive coverage that you pay with your premium to the actual value of the car. However, if your car is still being paid for, you will of course need to maintain the required limits of this coverage.

What other car insurance myths exist?

Other car insurance myths that have been proved false by several reliable sources include:

Car insurance costs more for older drivers

Older drivers are entitled to discounts if they take defensive driving courses. If they are retired, they may be driving much less, therefore they are entitled to a discount for this, also.

Car insurance covers all damage to your car

Depending upon what coverage you carry with your auto insurance, you may not be covered for everything. If do not carry collision, you are not covered for damages to your car if you hit another vehicle or object. Comprehensive insurance covers you if your car is stolen or is vandalized.

Car insurance costs more for soldiers

Soldiers do not pay more for insurance. They are entitled to military discounts and insurance from such companies as USAA who cater to the military, those who have retired from the military, and their families.

You are covered if you have an accident using your car in your employment

If you have a job that involves deliveries using your own car, you may not be covered by your personal auto policy if you are involved in an accident. When taking such employment, you need to make sure your employer’s policy will cover you in the event of an accident.

Who has the best car insurance rates?

The cost of car insurance will vary across providers and your overall risk profile . Most drivers start a car insurance comparison search online to find affordable auto insurance. There really is no best car insurance company for everyone, you need to shop around and compare rates.

Compare Auto Insurance Quotes online today!

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