Car Insurance For Young Drivers And The Red Sports Car Effect

Posted by in Insurance

Most people find it surprising that the size, and even the color, of a car can have a dramatic effect on the cost of car insurance for young drivers.  But it’s true.  Statistics demonstrate conclusively that sports cars, for example, are involved in more accidents than less sporty autos.  This means that insurance companies are going to charge higher rates to insure these vehicles.  The same thing goes for red cars.  Red sports cars, in particular, are among the likeliest vehicles to be involved in an accident.  This means that they are also going to be among the most expensive cars to insure.  Unfortunately, most people don’t find these things out until after they have already purchased their car and now want to insure it.  Avoid buying these cars if you want to keep your insurance costs to a minimum.