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.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.