Authorised FSP No: 52167

Mon – Thur 08h30-16h30 | Fri 08h30- 14h00


Does colour really affect your monthly car insurance premium?

The conversation around car insurance premiums and the factors influencing them is ever-evolving. At Renewed Group, we’re diving into one of the more colourful debates: Does the colour of your car impact your insurance rates? The common consensus among industry experts, including those from Renewed Group, suggests a nuanced answer.

Contrary to popular belief, the notion that certain car colours, such as red, might lead to higher insurance premiums due to assumptions about aggressive driving lacks empirical support. In-depth research and statistical analyses have consistently shown no direct correlation between car colour and driving behaviour or risk levels. However, the colour of your vehicle can indeed play a role in your insurance costs, albeit indirectly.

Visibility plays a crucial role here. Darker hues, such as black or navy blue, tend to be less visible under certain conditions, such as at night or in poor weather, potentially increasing the risk of accidents. This slight elevation in risk can lead to a modest increase in insurance premiums for darker-coloured cars. It’s an aspect of risk assessment based on visibility rather than the colour itself.

When determining insurance premiums, insurers like Renewed Group consider a variety of factors that directly impact risk. These include the car’s make and model, the driver’s history, where the car is parked, how it’s used (personal versus business), and its safety features. The type of coverage you choose also influences your premium, with options ranging from comprehensive to third-party only.

The psychology behind car colours and their association with driver behaviour adds another layer to the discussion. While red cars are often thought to attract more speeding tickets due to their vibrant hue, research shows all drivers may experience a heightened sense of alertness at the sight of the colour red. This reaction is likely tied to red’s association with caution and danger. On the other hand, colours like blue and green are believed to have a calming effect on drivers.

Industry insights suggest that certain car colours might influence insurance premiums due to factors like visibility at night and the cost of paint repairs. Darker vehicles, being less visible, could pose a higher accident risk, potentially affecting premiums. Additionally, some paint colours are more expensive to repair, contributing to higher costs.

Despite these considerations, the impact of car colour on insurance premiums is relatively minor compared to other risk factors. Renewed Group, like other insurance providers, relies on comprehensive data analysis rather than the colour of a vehicle to determine premiums. Our focus remains on providing fair, transparent, and non-discriminatory insurance solutions.

For car owners looking to optimise their insurance premiums, we recommend focusing on controllable factors. Maintaining a clean driving record, choosing vehicles with high safety ratings, and opting for cars that are less expensive to repair or replace can all lead to lower premiums. Additionally, installing safety and anti-theft devices can reduce the risk of theft, further lowering insurance costs.

In conclusion, while the colour of your car might have a minimal impact on your insurance premium, it’s the broader risk factors that truly matter. At Renewed Group, we’re committed to helping you understand these factors and make informed decisions about your car insurance. By focusing on what truly affects your premium, you can secure the best coverage at the most reasonable cost. 

Drive confidently with Renewed Group, where your safety and satisfaction are our top priorities.