When you buy a car, colour is often a key consideration. But did you know that the colour of your car can also affect your insurance premiums? In this blog post, we’ll explore the best car colour to choose from an insurance perspective and how King Price can help you save on your premiums.
How car colour affects insurance premiums
While it might seem surprising, the colour of your car can influence your insurance costs. Insurers consider various factors when determining premiums, and car colour can be 1 of them. Here’s how:
- Visibility and safety
- Bright colours: Cars in bright colours like white, yellow, and red are more visible on the road, which can reduce the likelihood of accidents. Insurers may offer lower premiums for these colours due to the perceived lower risk.
- Dark colours: Darker colours like black, blue, and green can be harder to see, especially at night. This can increase the risk of accidents, potentially leading to higher premiums.
- Theft rates
- Popular colours: Thieves often target cars in popular colours like silver and black. Higher theft rates can result in higher insurance premiums.
- Unique colours: Less common colours may be less attractive to thieves, which could lead to lower premiums.
- Resale value
- Neutral colours: Cars in neutral colours like white, silver, and grey tend to have higher resale values. Insurers may consider this when setting premiums, as higher resale values can mean lower risk.
Top car colours for lower insurance premiums
Based on the factors above, here are some of the best car colours to choose from an insurance perspective:
- White
- Yellow
- Red
- Silver
- Grey
At King Price, we understand that every driver is unique. That’s why we offer a range of car insurance options to suit your needs:
- Comprehensive car insurance: Protects your car against theft, damage, and third party liability.
- Third party, fire, and theft insurance: Covers damage to other cars, fire damage, and theft.
- Third party insurance only: Covers damage to other cars.
No matter what colour car you choose, King Price has you covered with affordable premiums and flexible options.
Choosing the right car colour can have a surprising impact on your insurance premiums. 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. And with King Price, you can enjoy peace of mind knowing you’re covered with some of the best car insurance options available. Keen to get car insurance with King Price? Get a commitment-free quote today by simply clicking here or chatting to us on WhatsApp 0860 50 50 50.
Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
King Price Insurance Company Ltd is a licensed non-life insurer and registered financial services provider. (Reg no. 2009/012496/06 | FSP no. 43862)
