Obadias Bridgman

Question: Why insurance companies charge more simply on your car color?

I bought a 1991 Ford Mustang and the color of it is Red. My best friend has the same car, we both have same company, same age, same ticket-free record. And on our insurance bill we got showing the coverage, my payments were $28.50 more than his. I called them and they said it was because of the color of my car. His is blue. Why is this?

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