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You may have heard rumblings or even read theories online about how car color affects insurance. A quick Google search on this topic will yield many articles, reports, and questions about how paint stains can make your bike more or less likely to be stolen or involved in an accident.
Car Insurance Australia
In the years between 2011/2012 and 2015/2016, there was a significant increase in the number of stolen green cars. That’s according to the National Motor Vehicle Control Board’s 2017 “Theft Matters” report.
Qbe Insurance Box
In fact, surprisingly, research has shown that green cars have the highest theft rate followed by black cars. Although the reasons the car was stolen in the first place had some impact on the statistics. For example, according to the research, a green Holden Commodore VT was more likely to be stolen in the short term, while a green Holden Commodore VT was more likely to be stolen for profit. In other words, someone looking for a car for a quick recovery after a bank robbery might look for a lock, while another person looking for a car to resell and profit from might choose black.
In a 2007 report from Monash University’s Accident Research Centre, it was revealed that cars lower in the Visibility Index were more at risk of a low-light accident. Therefore, black, blue, green, red and silver cars were most vulnerable at dawn, dusk or even during the night.
The report found that the other color of the vehicle was not statistically safer than white. Although the type of car also threw some difference into the results.
As part of our 2020 car insurance report, we looked at average insurance rates for different colors of cars.
Bupa Car Insurance
As you can see, black cars were cited for the highest insurance rate, while green cars were the lowest. While this may be related to a higher theft rate for black cars, we can’t really speculate.
However, after looking at these statistics and reports, it is clear that there is some correlation between car color and the risk of theft and accidents. Although it is important to remember that car color is only one of many factors that can affect these things. Others care about how safe you drive and where you park at night.
Maybe if you’re eyeing a specific model and color of car, consider doing some research first. Find out his car theft statistics and whether or not he has a reputation for being a higher risk of crashing.
Finally, if you’re paying too much for car insurance, why not shop around to see if you can get a better deal. View our comprehensive car insurance policies below to get started.
How To Get Bike Car Insurance Online Sitting At Home? How To Compare Online Insurance
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Tara McCabe writes on all areas of personal finance here from banking to insurance. Tara is an expert in practical money advice, showing readers ways to live richer and be socially conscious while doing it. She holds a BA (Hons) in English Literature from Canterbury Christ Church University.
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Cgu Comprehensive Car Review
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2020 auto insurance report: How do rates stack up in your state and are you paying too much?
With Australians driving less since the outbreak of coronavirus, most drivers believe car insurance should be cheaper. You’ve probably heard this opinion at the family dinner table, and guess what, you’re not alone.
Allianz Comprehensive Car Review
New research has found that the vast majority of people (67%) believe car insurers should lower premiums to reflect empty roads. However, most drivers did not ask their service providers for a discount, which may be due to a lack of research on pricing.
In fact, our report shows that nearly half of car owners (47%) surveyed thought their car insurance policies were similar and failed to access any potential savings. In addition, one in three car owners have failed to look for a better deal even though many believe their insurance is too expensive.
In particular, this report shows that drivers should be more discriminating – regardless of where they live, their age or gender, comparing prices can help them avoid paying too much in car insurance premiums.
Data suggests that the key to getting a better car insurance deal is to research and compare options. Once a driver has this information, they can use it as a way to negotiate with their current insurance company or switch to a provider that offers better value for money.
Car Insurance Rip Off!?
Many Australians – around 47% according to the research – do not feel that car insurance policies vary from provider to provider, despite policy prices and offers varying widely across the market.
The analysis shows that there are significant savings to be made. By evaluating more than 10,000 auto insurance quote cases, he found that the average annual premium difference between similar policies was $902.
The report also reveals that most Australians feel car insurance rates are currently too high and should be reduced to reflect the fewer hours drivers are spending on the road. Director Kirsty Lamont is encouraging motorists to make the most of the current conditions and look for a discount.
“Drivers may have taken the driver’s seat, but that doesn’t mean they can’t take charge when it comes to their car insurance,” Lamont says. “Although you may not have qualified for premium reductions in the past, it is best to let your insurance company know your situation in order to lower your premium.”
Get A Third Party Car Insurance Quote
A great way to start researching auto insurance options is with the Experts’ Choice Auto Insurance Awards. Each year it conducts a comprehensive policy investigation to evaluate some of the best value and highest quality options available on the market. As a customer, you can make a more informed decision about comprehensive car insurance through the data collected and analyzed by our expert experts.
Many car insurance providers will automatically charge you a fee on top of your premium and excess if you’re under a certain age (usually 21 or 25), or if you’ve been driving for a limited number of years. This is because younger and inexperienced drivers are seen as greater risks on the road.
The golden rule of thumb for auto insurance pricing is that the more risk you take as a driver – based on your demographic profile – the more it will cost at the time of claim. Providers compensate for this by increasing your premium.
In 2020, younger drivers under 21 faced the highest premium — $1,608 per year compared to the national average of $952. Scroll through the age categories below to see what drivers across the age spectrum are paid.
Royal Automobile Club Of Victoria
We hate to generalize, but data shows that women are more likely to get a cheaper quote on their car insurance. This relates to men being statistically more dangerous drivers – being involved in more costly car accidents and incurring more penalties for traffic offences. This means it can cost insurance companies more at the time of a claim.
Want to stand out from the crowd? Well, it turns out that if you’d rather cruise around in a bright green car, rather than a sleek black one, you can save on insurance costs.
According to research, a green car costs about $177.64 on average
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