Oh gosh, sure, and allow us to let you know all about it. It’s not creepy, we promise.
You see, it’s a standard delusion that the color of your automobile doesn’t affect your automobile insurance coverage premium. We’re undecided the place it began, however the color of your automobile does really issue into the price of your automobile insurance coverage coverage. It’s not like insurance coverage firms cost you extra for a ‘racy pink’ automobile as a result of it’s bought all of the thrill-seeking tones of a harmful driver. The sort who doesn’t care about street guidelines, chews a toothpick, wears black sun shades, and wouldn’t be momma-approved in any respect.
However there’s an influence. In actual fact, you would pay as much as 10% extra (relying on the color of your automobile) and it’s not for that insanely bogus purpose we made up above. In no actuality would we ever cost you further to your uncommonly colored candy-apple-green automobile.
Let’s take a look at the reality of the matter.
How automobile color impacts the price of insurance coverage
In relation to calculating the worth of your automobile insurance coverage, we (and different insurance coverage firms) take a look at a variety of threat elements and 1 of those is the color of your automobile. The color of your automobile determines how seen your automobile is on the street, which impacts your possibilities of being in an accident (or being written off). Principally, darker vehicles are tougher to see on the street and are statistically extra prone to be in an accident. We’ve really gone by means of our personal claims historical past and have seen first-hand that ‘much less seen’ vehicles do have a better likelihood of being concerned in a street accident.
That’s why black, darker gray, charcoal, and navy colored vehicles are usually dearer to insure. Therefore why they price extra so that you can insure.
Oh, and earlier than we press on forward, it’s additionally good to know that metallic paints can appeal to larger premiums as a result of they’re dearer to restore in case your glitter ball has been concerned in an accident.
Let’s discuss lighter colors
You received’t be stunned in any respect to seek out out that white and lighter colored vehicles often appeal to decrease premiums. That is principally all the way down to the actual fact as they’ve one of the best visibility on the street, which is sweet information for lots of South Africans, as a result of in the present day, the most well-liked automobile color on our roads is white. It appears that evidently a whopping 45% of the vehicles financed in South Africa are white, with silver coming in at almost 25%.
Our finish message, actually, is to encourage you to think twice earlier than you exit and purchase that glossy and darkish child. You could possibly pay a bit extra to your insurance coverage because of this and although our lowering premiums make your insurance coverage cheaper as every month goes by, it’s good to know any suggestions and tips that may show you how to keep away from a better beginning premium.
If you wish to learn how a lot much less you would pay by becoming a member of our royal kingdom, then click here to get a quote, pop the king an e-mail at [email protected], or in case you favor, give our royal gross sales group a name on 0860 50 50 50.