I heard that car insurance companies may charge customers more if the car they drive is red or if the name of the model contains an X or Z.
Is it true that characteristics of a car would be a basis for charging certain amounts?
2007-01-14 07:22:12 · 4 answers · asked by Anita 4 in Cars & Transportation ➔ Insurance & Registration
Everybody has heard that insurance companies charge more for insuring red cars, but nobody ever is. The truth is, they don't even ask for the colour when they do your quote, because it doesn't matter. As far as the letters go, they are model designators. If a Chevrolet is a group 15 for insurance, and a model has an x, and no other difference it still would be a group 15. But if a letter indicates a higher performance vehicle, a larger, more powerful engine, features that make it more expensive to replace or repair, or gives it features that make it more attractive for thieves, then the rating group is naturally higher.
2007-01-14 08:42:10 · answer #1 · answered by Fred C 7 · 0⤊ 0⤋
Nonsense. This is one of the oldest urban legends around and I'm shocked at how many people actually believe it. I really don't believe insuring a Chevrolet Z71 pickup cost anymore that insuring a Ford F150 4x4 just because there is a 'Z' decal plastered on the bedside.
2007-01-14 18:42:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
never trust insurence companies.
2007-01-14 15:26:04 · answer #3 · answered by Jason Bourne 5 · 0⤊ 2⤋
i believe it is true because those are the cars that get stolen the most.
~peace~
2007-01-14 15:27:02 · answer #4 · answered by ? 4 · 0⤊ 2⤋