Have you ever wondered if your car’s colour determines the car insurance premium? Do you know that there is a relationship between it and the premium? If not, here’s what we’re talking about.
If you want to know whether your car is going to get a higher or lower insurance premium, it’s important to understand the relationship between modifications and the insurance premium. The more modifications an insured vehicle has, the higher its value will be. In other words, if you add a spoiler to your car and make some other minor changes like installing tinted windows or changing out the wheels for ones with better traction (or both), then those changes will increase its overall value for purposes of calculating premiums. The inverse applies as well — if your car has been modified without adding any additional safety features or performance enhancements (such as aftermarket exhaust systems), then these modifications may decrease its value when determining premiums based on how much additional risk they pose compared with stock vehicles with similar specs.
The colour of your car is not a factor in determining its insurance premium.
This is because there are many other factors that can affect the cost of your premiums, such as:
- Driving style – A person who drives more carefully than others will be charged less for their policy. This might be because they don’t cause accidents or get into fights with other motorists when driving.
- Age – Younger drivers have lower insurance costs than older ones due to their relative inexperience behind the wheel and lack of convictions on their record (which would increase premiums).
In case of a Third-party Cover
In the case of a Third-party Cover, the colour of your car is not the only factor that determines its premium. The age, engine capacity and model are also important factors for calculating insurance premiums.
However, the colour can have an impact on your premium as well. While white cars are cheaper to insure than red ones in most cases (and vice versa), there are exceptions when other factors come into play, such as location or vehicle type (for example, hatchbacks vs saloons).
In the case of a Comprehensive Cover
If you have a red car, then it’s time to start shopping around for insurance. The reason behind this is simple: red cars are more expensive than white ones!
The good news is that there are ways to reduce your premium by opting for another colour or removing any modifications from your vehicle. And if all else fails and you want to get an even lower price on Car Insurance Online than what normal people pay, then look into increasing your excess amount as well (more on this later).
Conclusion
The answer to this question is both yes and no. In most cases, the colour of a car does not affect your insurance premium: It depends on other factors like your driving record, age and gender. However, it’s important to know that there are certain instances when you can be charged more for having a red car or blue one because they’re deemed less safe than others.
The best way to find out if your colour will affect your rates is by checking with a local agent who can estimate what kind of premium would be appropriate based on several different variables such as how much traffic there is in front of where you live; how much damage was done during an accident; whether there were any injuries related to the said accident (this could potentially increase overall costs); etc.