Oh gosh, yes, and let us tell you all about it. It’s not creepy, we promise.
You see, it’s a common myth that the colour of your car doesn’t influence your car insurance premium. We’re not sure where it started, but the colour of your car does actually factor into the cost of your car insurance policy. It’s not like insurance companies charge you more for a ‘racy red’ car because it’s got all the thrill-seeking tones of a dangerous driver. The kind who doesn’t care about road rules, chews a toothpick, wears black sunglasses, and wouldn’t be momma-approved at all.
But there is an impact. In fact, you could pay up to 10% more (depending on the colour of your car) and it’s not for that insanely bogus reason we made up above. In no reality would we ever charge you extra for your uncommonly coloured candy-apple-green car.
Let’s look at the truth of the matter.
How car colour affects the cost of insurance
When it comes to calculating the price of your car insurance, we (and other insurance companies) look at a range of risk factors and 1 of these is the colour of your car. The colour of your car determines how visible your car is on the road, which affects your chances of being in an accident (or being written off). Basically, darker cars are harder to see on the road and are statistically more likely to be in an accident. We’ve actually gone through our own claims history and have seen first-hand that ‘less visible’ cars do have a higher chance of being involved in a road accident.
That’s why black, darker grey, charcoal, and navy coloured cars are generally more expensive to insure. Hence why they cost more for you to insure.
Oh, and before we press on ahead, it’s also good to know that metallic paints can attract higher premiums because they’re more expensive to repair if your glitter ball has been involved in an accident.
Let’s talk lighter colours
You won’t be surprised at all to find out that white and lighter coloured cars usually attract lower premiums. This is mostly down to the fact as they have the best visibility on the road, which is good news for a lot of South Africans, because today, the most popular car colour on our roads is white. It seems that a whopping 45% of the cars financed in South Africa are white, with silver coming in at nearly 25%.
Our end message, really, is to encourage you to think carefully before you go out and buy that sleek and dark baby. You could pay a bit more for your insurance as a result and even though our decreasing premiums make your insurance cheaper as each month goes by, it’s good to know any tips and tricks that can help you avoid a higher starting premium.
If you want to find out how much less you could pay by joining our royal kingdom, then click here to get a quote, pop the king an email at [email protected], or if you prefer, give our royal sales team a call on 0860 50 50 50.