Do red cars cost more to insure?

Written by | Updated on: March 12, 2020

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No. Your auto insurance company does not consider the color of your vehicle when calculating your car insurance rates. This is one of the 6 top car insurance myths. The type of car you drive — car, truck, convertible — and model vehicle is taken into account, but not the color of your car. So feel free to pick out the red sports car, just realize it may cost you more to insure than the red minivan.

There are a variety of risk factors that auto insurance providers consider, such as your age, gender, your location, claims and credit history, and your driving record. For more information, here’s 13 factors that affect your car insurance rates. While car insurance companies may all look at the same factors, keep in mind they calculate their rates differently, which makes it smart to shop around when looking for cheap car insurance.

If you are shopping for a new car, check out our car insurance comparison tool to find the least expensive cars to insure.