1 of 3

Question of the Day

Insurance #5

What color car is more costly to insure: red or black?

www.ngpf.org Last updated: 10/25/17

​

2 of 3

They cost the same to insure

​

From Insurance Information Institute:

“It doesn’t matter. What does matter is the type of car you select. What you pay for insurance is based on make, model, body type, engine size, the age of the vehicle and the age, driving record and credit history of the driver.”

​

Click here for more info on this topic

3 of 3

Follow Up Questions

  1. Were you surprised by the answer? Why or why not?

​

  • Based on the answer to the question, do you think that red cars have accidents at the same rates as black cars?

​

  • Do you think that a red Ferrari would have a different auto insurance premium than a black Honda Civic? Why?

​

  • Why do you think that credit history would matter to auto insurance companies when they are determining premiums?