If you want the lowest possible premium when applying for car insurance, it’s important to consider the colour of the vehicle you are buying.
According to popular insurer King Price, the best car colours to choose from an insurance perspective are white, yellow, red, silver, and grey.
Why colour matters
The colour of your car can influence the amount your insurer asks for coverage as it affects your risk profile alongside other elements such as how long you’ve had your licence, your address, and the make and model.
In terms of visibility and safety on the road, cars in bright colours like white, yellow, and red are more visible, which can reduce the likelihood of accidents.
“Insurers may offer lower premiums for these colours due to the perceived lower risk,” said King Price.
Meanwhile, darker hues can be harder to see by other road users, especially at night. Consequently, colours such as black, blue, and green can increase the risk of accidents, potentially leading to higher premiums.
Theft is another concern when it comes to the exterior tone of your ride.
Criminals often target cars in popular shades like silver and black. Higher theft rates for a particular colour can therefore result in more excessive insurance premiums.
At the other end of the spectrum, less common pigments tend to be less attractive to thieves, which could lead to lower premiums.
Finally, the resale value of your wheels may be significantly impacted by the colour.
Neutral tints – for example, white, silver, and grey – generally have higher resale values. Insurers may consider this when setting premiums, as higher resale values can mean lower risk.
“Choosing the right car colour can have a surprising impact on your insurance premiums,” concludes King Price.
“By opting for a colour that’s visible, less likely to be stolen, and has a good resale value, you can potentially save on your insurance costs.”
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