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The linked article (to the extent that it's credible) suggests that: 1. Having any less-common color raises the price of insurance because, in the event of dam
by MichaelDickens 4y ago
The linked article (to the extent that it's credible) suggests that:
1. Having any less-common color raises the price of insurance because, in the event of damage, the car will be more expensive to repaint. "For example, metallic paint can be more expensive than a standard colour and therefore the car may be more expensive to replace."
2. Gray and silver cars are the most likely to get into accidents, not red. (Red is #3.)
3. A price comparison site quoted the highest insurance rates for gray and black cars, not red.
- tjmc 4y agoThe OP didn't claim that red cars were the most expensive, just that there was a surcharge for red which is true. I've worked for insurance companies here in Australia and the UK. Not all insurance companies ask about car colour but some do. I assume it would be the same in many other countries. I bet there's a hefty premium for Vantablack! https://www.bmw.com/en/design/the-bmw-X6-vantablack-car.html https://www.bmw.com/en/design/the-bmw-X6-vantablack-car.html