Reader’s Question:

I am shopping for a used vehicle, and have heard that it is more expensive to insure a red car than other colors, is this correct? I live in St. Louis MO.

Rick

St. Louis, MO

No, the color of the vehicle is not generally one of the factors that a car insurance company will use as a rating factor.

The myth is out there that a red or silver car costs more to insure but in all actuality insurance carriers do not consider the color, but they do look at the type of vehicle. If it is a red sports car it will likely cost more than a yellow family car to insure but due to the powerful engine and statistics of accidents relating to sports cars compare to a 4 door family sedan, not the color.

Some other rating factors that insurance companies consider in St. Louis MO include your age, your claims history, the kind of car you drive, in some states your credit history and your driving record.