Ontario High Risk Auto Insurance Brokers

Do insurance companies care what colour your car is?

Few would disagree that a canary-yellow car stands out like a sore thumb, but auto industry experts in North America say data doesn’t exist to support your belief that vehicle colour has an impact on the number of accidents.

“It’s not true. It’s also tied into the myth that people driving red cars get charged higher insurance rates – and that’s a fallacy as well. Car colour is not a consideration; it’s just one of those myths that seems to recur on a regular basis,” says Pete Karageorgos, manager of Ontario Consumer and Industry Relations for the Insurance Bureau of Canada (IBC).

Given the ability of insurance companies to draw profits, it would seem a telling sign that vehicle colour has no impact auto insurance rates. “The colour of your vehicle is not even asked on the Ontario auto insurance application, therefore I would say that light colours or dark colours are no more or less likely to be involved in accidents, or insurance companies and their actuaries would have built rates for different coloured cars,” says Anne Marie Thomas, manager at InsuranceHotline.com.

“There may be some benefit to lighter-coloured vehicles, but the effect is probably very small. The risk of crashing is much more driven by the type of vehicle that you’re driving. For example, high-performance cars and small cars tend to get in more crashes than big family cars or mini-vans,” says Russ Rader, spokesman for the U.S. Insurance Institute for Highway Safety.

Above all else, however, experts say that the type of driver you are affects crash rates. “A person’s driving history and driving ability matters, regardless of the colour of the vehicle they drive. You might drive a plaid car, but be a lousy driver – and for that reason you’d be at greater risk of having an accident,” says Karageorgos.

If insurers don’t care about car colour, do legislators? According to Transport Canada and the U.S. National Highway Traffic Safety Administration, no rules govern which colours auto makers can utilize for vehicle body paint. With so many components of the auto industry regulated to ensure passenger safety – headrests, seat belts, and even dashboard knobs among them – it stands to reason that because vehicle colour is not regulated, it doesn’t affect safety.

How One Can Find The Cheap Auto Insurance?- NGO Articles

The cheap auto insurance generally is your ultimate objective if you are searching for the smallest amount of cost generally for the maximum insurance coverage. Let’s think that you have well and clean record of driving as well as you desire to be rewarded only for your secure driving. First, you have to comprehend that insurance is not totally designed around your secure record. Did you recognize that when you live in extremely high accident region or place, like as the businesses of the insurance usually refer to them, thus you will reimburse a greater premium? This is very true. Plus if you have a high-risk auto, one which is so high usually on the list of most stolen, yes, you will give much more for automobile insurance.

Thus, how do you discover the cheap auto insurance? Let’s thinking about you don’t desire to move to some another state or country, and you already have a high-risk car which you just cannot part along with, I suggest you go online as well as shop the a number of insurance carriers who are just at your fingertips.

An additional technique you can get a rate of cheap auto insurance usually is to group your all assets collectively. If you make use of the similar insurance carrier usually for your car insurance as well as your homeowner’s insurance, then you will get a discount on the group rate.

This usually gives to shop around usually for the cheap auto insurance, as nicely as there are the things you can easily control whenever you ask for definite consideration in your cost quotes. In the common, automobile insurance companies are usually geared in order to offer you the greatest insurance coverage they sell. Obviously, they desire to make most of the money from you people. Don’t be wrong, insurance agents care for you for the one reason. Moreover, one cause simply. A part of every policy they advertise, they pocket some commission for themselves. Hence, the more policies insurance agents usually sell plus the much more each policy of insurance is priced, and the much more they usually make. These insurance agents not merely make only a main commission they get a portion of each payment you usually make, for as long you own this insurance policy.

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