Myth: Red Cars Are More Expensive to Insure
The rumor goes that if you buy a red car, your insurance premiums will skyrocket because red is the color of “speeding and aggression.” It’s a fun story, but it’s completely false. When you apply for insurance, the company asks for your VIN, your driving record, and your age—they almost never ask what color the car is. The color has zero impact on the actuarial tables used to calculate your risk.
Insurance companies care about the make and model of the car (a sports car costs more than a minivan) and your history behind the wheel. If you have a lead foot, you’ll pay more regardless of whether your car is red, white, or beige. So, if you want that cherry-red paint job, go ahead and buy it—your insurance agent won’t care.
