How the color of your car affects your insurance

One of the most widespread beliefs about car insurance is that the color of the car can influence its price. It seems to be based on the fact that there are psychological studies that argue that the color red can enhance the aggressiveness of the rest of the drivers towards the car in question. For its part, black is considered more difficult to distinguish at night, which is why it is attributed a greater possibility of an accident.

There are other studies that indicate that black and red cars have a higher accident rate; However, choosing one color or another does not have to affect when it comes to saving on car insurance .

Where did the legend come from?

The legend that the color of the car influenced the price of your insurance could arise from the difference between the price of the same car depending on this factor. It is a logical thought to believe that the more expensive a car is paid, the more expensive it will be to insure.

Therefore, since the different shades that could be chosen when purchasing a vehicle emerged , it has been thought that these two colors influence when insuring it.

Another factor that could induce this thought is the fact of the "bad" image that the insurance companies acquired . It began to be thought that any variable was analyzed by insurers to adjust the price of vehicle insurance as much as possible. Therefore, it was thought that color was also taken into account.

Does the color of the car really affect the price of your insurance?

Part of truth

However, there is a relationship between the color of a car and road safety. Specifically, the University of Auckland established a percentage about the probability of suffering an accident according to the tonality of the cars .

It is dark colors that suffer the most accidents, led by brown ones, which are 70% more likely. For their part, black and green cars are 66.7 and 60% more likely, respectively, to have an accident. On the contrary, silver and white hues are the safest.

In this way, even though there is a certain part of the truth, we understand that insurance takes into account another series of circumstances . Among them, the age of the driver, his gender, the age of the license and the number of accidents suffered previously, but not the color. In fact, the European Automobile Commission confirms that most insurance companies do not take into account the color of the car when calculating the final amount of the payment of the same.

Loan guaranteed by our car

At some point in your life, you may have the need to have an amount of money and you do not know how to get it. For this, there is currently the formula of mortgaging a car . The idea of ​​requesting a car loan is not very widespread in our society . However, it is a trend that is becoming more and more implanted.

This credit consists of pawning a car without having to deliver it. You can get up to six thousand euros of credit while still having your vehicle. That is, it is about getting a loan by providing your own car as collateral.

Thus, you will not have to have any other person to endorse you nor will you be forced to request a loan from a bank in which they demand your house or any other necessary asset as collateral. In addition, you will have the money in 48 hours and a team of professionals will advise you during the process.

One of the expert entities in this is HeartLand , in which, luckily, if you want to mortgage your car, its color will not influence the amount in which it will finally be appraised .