/ 15 March 2010

When buying a car, choose your colour wisely

Did you know that the colour of your car may affect your insurance premiums?

Some insurers charge higher premiums for cars of certain shades. For example a red car may carry a higher premium because actuaries have calculated that the type of person who drives a red car is more likely to speed.

Grey cars are harder to see on the road and white cars are more likely to be stolen. So when buying your next car, find out what your insurer thinks of the colour.