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Comment by BloodyIron

2 days ago

Why is nobody talking about how Car Insurance is typically higher with any real colour selections? Insurance companies calculate that vehicles with certain colours (for example, Red) have a higher statistical probability of being in a collision than say... grey. This has created a downward pressure for people who would like colours in their vehicles, but would instead prefer to just pay less in car insurance since they may be aware of this aspect.

I for one don't like that car insurance companies do this, but this very likely is a huge reason why fewer people buy vehicles with colour beyond Grey/etc.

4 comments

BloodyIron

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legitster  2 days ago

I think this is a myth (at least in the US). I don't even have to provide the color of my car to get an insurance quote.

The exception (maybe the source of the myth) is that cars with custom or exotic colors will cost more if you opt for comprehensive coverage.

  • throwaway422432  2 days ago

    Can't speak for the US, but having built a few versions of a car insurance comparison tool for a popular Australian comparison site; colour was a factor used by a few insurers: yellow & white getting a discount; grey, black, dark green costing more. WHile red and orange are perceived as being sporty, factors such as a driver under 30 with a Nissan 300ZX, WRX or a V8 would blow out a premium far more and some insurers wouldn't even take the risk.

  • Ylpertnodi  2 days ago

    >I think this is a myth (at least in the US). I don't even have to provide the color of my car to get an insurance quote.

    When I renew my insurance, on the website it shows 'grey'. They know what colour your car is.