So you are wondering if your auto insurance will cost more if you buy a red car. Maybe you have always believed that red cars cost more to insure than other colors. Many people believe this to be true. But is that a theory or is it based on the facts?
Could this common auto insurance premise actually be an urban legend?
How would you define an urban legend? Notice what Wikipedia says. It defines an urban myth as a story thought to be true by those telling it. It goes on to say that these myths are not necessarily false, but the longer they are around the more they get distorted, embellished, or sensationalized.
In this article we will spill the beans on whether red cars are the most expensive color car to insure... or not.
Are you ready for the truth? Insurance companies tell us that a red automobile will not cost you one penny more to insure than a midnight blue, silver or even a pink car for that matter. What is odd though is that about 25% of the drivers interviewed in a recent study felt that a red car would definitely cost more to cover. How about you, what did you think?
