Does the type or color of car I buy affect my insurance premium?

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A: The color of the car you purchase will not have an effect on premium; however the type (year, make and model) certainly will. There are several factors that determine an individual’s insurance rate. For example, the more expensive a vehicle is to repair the more expensive the collision and comprehensive coverages will be. Today’s vehicles are becoming more electronically advanced with things like sensors in bumpers and cameras built into mirrors. What used to be a fairly inexpensive claim for a minor accident might now cost the insurance company considerably more to repair so that could be a reason for a higher premium.

Answered by Kimball-Cooke Insurance

Please Note: This content is not intended to describe any specific coverage offered by MAPFRE Insurance. No coverage is provided, bound or guaranteed by this article. Available coverages, credits and discounts vary from state to state and are subject to eligibility criteria and policy terms/conditions, which will control in the event of conflict between this article and your insurance policy. For information about your policy, please review your individual policy contract and speak with your insurance representative.

MAPFRE Insurance® is a brand and service mark of MAPFRE U.S.A. Corp. and its affiliates, including American Commerce Insurance CompanySM (Cal. COA 4928-8), Citation Insurance Company^SM, The Commerce Insurance Company^SM, Commerce West Insurance Company^SM (Cal. COA 1372-2), MAPFRE Insurance Company^SM (Cal. COA 3039-5), and MAPFRE Insurance Company of Florida^SM.

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