The colour of a car may be taken into account when calculating a motor insurance policyholder's premiums, according to Johan Johannesburg, director at insurer Liberty. Speaking at a round-table meeting in Minnie, Johannesburg said the company has found this question to be an instructive part of a risk profile, and suggested that black, red, charcoal and gold cars are generally classified as more risky. Colour selection could reflect a driver's "personality traits", with red vehicles associated with faster drivers and white vehicles favoured by the risk-averse, according to Henk Meintjes, head of risk products at Liberty.
The colour of a car may be taken into account when calculating a motor insurance policyholder's premiums, according to Johan Minnie, director at insurer Liberty. Speaking at a round-table meeting in Johannesburg, Minnie said the company has found this question to be an instructive part of a risk profile, and suggested that black, red, charcoal and gold cars are generally classified as more risky. Colour selection could reflect a driver's "personality traits", with red vehicles associated with faster drivers and white vehicles favoured by the risk-averse, according to Henk Meintjes, head of risk products at Liberty.