We would like to assure our customers that while BrokerLink is not accepting walk-ins due to ongoing concerns surrounding COVID-19, we remain open for business. We are available to help with any insurance needs you may have. We ask our customers to reach us by phone or email instead of visiting our branches in person. You can find the phone number for your local branch here. For more information, please visit our COVID-19 page.

Debunking common insurance myths: Does it costs more to insure a red car?

Aug 15, 2014 1 minute read

True or False: It costs more to insure a red car.

ANSWER: FALSE

The colour of a vehicle is not a factor in determining an insurance premium.

Premiums are based upon a driver’s particulars and how the car is being used: driving record, experience and commute distance.  Model, make, age, body type, and the car’s engine size are factors in determining premiums for collision and comprehensive coverage.

Need to help getting an auto insurance quote? Speak to a local BrokerLink broker today.