No, the color of the car does not affect insurance rates. Whether your car is yellow, black, silver, or any other color, your car insurance won't be affected, as car insurance companies don't even know the color of the car you're driving. Insurers know the vehicle identification number (VIN), but the color is not included in the VIN information. The make, model, year, body type, engine size, engine size, price of the sticker, average repair costs, general safety history, and risk of theft influence the cost of insurance, but not its color.
According to the Insurance Information Institute, the color of your car doesn't matter. It doesn't take into account the cost of insurance. Car insurance companies use many factors to assess how much risk drivers pose, and the color of the car isn't one of them. When you request a quote, whether through Geico, Allstate, or another large insurance company, they'll never ask you for the color of your car.
Don't hesitate to buy, lease or finance a red car, or give your current car a new coat of red paint, without worrying about the increase in the insurance premium. You can reduce your Geico car insurance costs by taking advantage of Geico discounts, opting for a higher deductible and reducing your coverage, among other things. The color of your car doesn't affect your car insurance rates at all, unless you have a custom paint job. Some people believe that because red cars are easier to spot, the police tend to stop them more and, in turn, car insurance companies rate them as higher risk.
There is no definitive proof that the color of the car has a measurable effect on safety or risk, so it doesn't matter when calculating insurance premiums. For example, a yellow Porsche would cost more to insure than a yellow Volkswagen Beetle because it's a luxury sports car. When determining your car insurance rates, many factors come into play, but the color of your vehicle only matters if you have an expensive after-sales paint job. Many people think that red cars are more expensive to insure because they have been linked to speeding or reckless and aggressive driving.
For example, drivers can get a discount of up to 15% if they insure a car that is three years old or younger. We've reviewed the rating manuals that auto insurance companies use to calculate how much they charge, and there are no rules about the color of a car in the quotation process. The more expensive your car is, the more it will cost to insure it, so indirectly, the color of the car could, in theory, affect your rate.