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.
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.