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 automotive doesn’t affect your automotive insurance coverage premium. We’re undecided the place it began, however the color of your automotive does really issue into the price of your automotive insurance coverage coverage. It’s not like insurance coverage firms cost you extra for a ‘racy purple’ automotive as a result of it’s acquired all of the thrill-seeking tones of a harmful driver. The type 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 affect. Actually, you might pay as much as 10% extra (relying on the color of your automotive) and it’s not for that insanely bogus cause we made up above. In no actuality would we ever cost you additional to your uncommonly colored candy-apple-green automotive.
Let’s have a look at the reality of the matter.
How automotive color impacts the price of insurance coverage
Relating to calculating the worth of your automotive insurance coverage, we (and different insurance coverage firms) have a look at a spread of danger components and 1 of those is the color of your automotive. The color of your automotive determines how seen your automotive is on the street, which impacts your probabilities of being in an accident (or being written off). Mainly, darker vehicles are tougher to see on the street and are statistically extra prone to be in an accident. We’ve really gone via our personal claims historical past and have seen first-hand that ‘much less seen’ vehicles do have a better probability of being concerned in a street accident.
That’s why black, darker gray, charcoal, and navy colored vehicles are typically dearer to insure. Therefore why they value extra so that you can insure.
Oh, and earlier than we press on forward, it’s additionally good to know that metallic paints can entice greater 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 shocked in any respect to search out out that white and lighter colored vehicles often entice decrease premiums. That is largely all the way down to the actual fact as they’ve the perfect visibility on the street, which is sweet information for lots of South Africans, as a result of right now, the preferred automotive color on our roads is white. Plainly 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 consider carefully earlier than you exit and purchase that smooth and darkish child. You could possibly pay a bit extra to your insurance coverage because of this and despite the fact that our lowering premiums make your insurance coverage cheaper as every month goes by, it’s good to know any ideas and tips that may make it easier to keep away from a better beginning premium.
If you wish to learn the way a lot much less you might pay by becoming a member of our royal kingdom, then click on right here to get a quote, pop the king an e-mail at [email protected], or when you want, give our royal gross sales crew a name on 0860 50 50 50.