Automobile

5 Car Insurance Rumors People Need to Quit Believing | MotorBiscuit

Most people would be happy to pay less for their car insurance. However, it can be tough to determine what factors affect the costs of vehicle insurance. Additionally, since insurance rates can be tricky to figure out, some rumors spread misinformation. We take a look at several car insurance myths that people need to stop believing.

Myth: red cars cost more to insure than any other color

A car insurance form agreement | Smith Collection/Gado/Getty Images

While people might think that red cars are more expensive to insure than cars in other colors, that isn’t true. Nationwide points out that the car’s make and model affect the insurance cost, but its color won’t. Bankrate says that your insurance company likely doesn’t even know what color your car is. However, one exception is that a custom paint job could increase your rate since replacing it would be more expensive.

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