One out of four drivers thinks that their auto insurance ratesare based on car color, according to a survey that found a highrate of confusion concerning what policies cover.

The findings were reported by Progressive after an online surveyof 1,000 drivers conducted by Drive Insurance.

Among the respondents, 25 percent believed that the vehicle'spaint shade affects their auto insurance rate. Progressive noted itis the vehicle's year, make, model, body type and engine size aswell as information about the driver that determines the rate.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.