Six Common Insurance Myths

Red Cars Are Very Expensive To Insure

Myth: Think twice before you purchase a red car. Red cars are more expensive to insure.

How do people make up this stuff? Red cars are not guaranteed to be more expensive to insurance. The color of your vehicle does not affect the cost of your insurance rate. What factors do influence car insurance rates? Your vehicle’s engine size, make, model, engine size, age, the owner’s/driver’s age, the owner’s driver’s record and the owner’s credit history.

by Abby on July 25, 2015