This question periodically come ups or something similar, Like is a red car higher on insurance. It has been told for years, which makes it seem like it must be true. But like most mythological myths, this one is not based on the truth. Paint has nothing to do with your insurance premium. Unless you pay to have your car painted with an extremely expensive paint, which might increase the value, you will not see any difference in premium solely based on the paint color. Your insurance is based on many factors though and you should be aware of those factors.
- The value of the vehicle.
- Estimated cost of repairs.
- Likelihood of it being stolen. (CNN.Money Top Ten) (NICB Hot Wheels 2010)
- Safety features.
- Size of vehicle.
- Driver Age.
- Driving Record.
- Insurance Score. (credit history affects your score)
- Discounts:
- Auto-Home
- Auto-Life
- Multi-Car
- Driver Training
- Good Student
- Prime of Life
- Anti-Lock Brakes
- Air Bag
- Anti-Theft (3 levels of protection)
Have you heard the myth about the paint color affecting your rates? Let us quote your Auto Insurance NOW. We can give you a comparative rate quote in less than five minutes
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