Do you consider the cost of insurance before you buy your dream car? You should. The Highway Loss Data Institute analyzes the cost to insurance companies from theft, collision, and injury claims as they relate to cars. They look at the color of the cars, how many doors they have, and even break them down type.
The Highway Loss Data Institute is a nonprofit public service organization. It is closely associated with and funded through the Insurance Institute for Highway Safety, which is wholly supported by auto insurers. HLDI gathers, processes, and publishes data on the ways losses vary among different kinds of vehicles. http://www.iihs.org/vehicle_ratings/ictl/ictl.htm
4- Door cars have a 93% less chance of having a claim related to theft than their sibling 2-Door cars. Buy a Buick LeSabre and have relatively no chance of a theft loss. Compare that to the convertible Chevrolet Corvette that has over 5 times the average theft rate. You may have known that. However, did you know that the Toyota Celica has a 67% higher chance of theft than the Toyota Camry?
In addition, even though the 2002 Lexus IS 300 gets a "best pick" rating from the Insurance Institute for Highway Safety for its performance on crash tests, previous years' models of the same car are some of the most costly in terms of collision claims. "One of the factors that come into play there is the cost of repairing an expensive vehicle," says Russ Rader, with the Insurance Institute for Highway Safety.
What about safety? You may be surprised at some of the results. For example, the Porsche 911 has a 67% less chance for injury claims than the norm. Go figure. The Mitsubishi Lancer has almost double the injury claim rate over the norm.
Where does you car fit for injury theft and collision? What about your dream car? Take a look at this run down based on 2000-2002 HLDI data:
Models that are among the most expensive for theft claims include:
Cadillac Escalade four-wheel drive
Chevrolet Corvette Convertible
Lincoln Navigator four-wheel drive
Jeep Cherokee four-door
BMW 3 series Convertible
Models that are among the least expensive for theft claims include:
Buick LeSabre
Buick Park Avenue
Volvo V70 Station Wagon
Mercury Grand Marquis four-door
Models that are among the most expensive for injury claims include:
Suzuki Esteem four-door
Kia Rio four-door
Mitsubishi Mirage two-door
Kia Sepectra four-door
Models that are among the least expensive for injury claims include:
GMC Sierra 2500 two-wheel drive
Chevrolet Silverado 2500
GMC Yukon XL 1500 four-wheel drive
GMC Sierra 2500 four-wheel drive
Chevrolet Tahoe two-wheel drive
Models that are among the most expensive for collision claims include:
Subaru Impreza WRX four-wheel drive four-door
Lexus IS 300 4 door
Hyundai Tiburon two-door
Porsche 911 Coupe
Acura RSX
Models that are among the least expensive for collision claims include:
Ford Excursion two-wheel drive
GMC Safari four-wheel drive
GMC Sierra 2500
GMC Yukon XL 1500 four-wheel drive
Source: The Highway Loss Data Institute
Visit http://www.carinsurance.com For Affordable Car Insurance
Jon Register is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.
CarInsurance.com's online insurance marketplace gives an opportunity to consumers and to insurance companies. We offer the ability to shop for car insurance online.
Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online...anytime!
Before the internet, you picked a neighborhood car insurance agent,... Read More
The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around... Read More
Adequate life insurance to cover your income producing ability is... Read More
Your friendly, neighborhood life insurance agent is most likely to... Read More
The Health Savings Account (HSA) is becoming well-known as an... Read More
Automobile insurance standard coverage is the basic amount of insurance... Read More
Car Insurance is compulsory in the UK. You are required... Read More
Filing a homeowners insurance claim can be done with ease... Read More
Several national rating institutions rate insurance companies. Do coverages, rates,... Read More
When you start a small business you will need to... Read More
Love. Yes, that's right. Love for your spouse, children, family,... Read More
Health insurance plans vary in their coverage and prices. The... Read More
Having a health insurance policy provides a great sense of... Read More
This article is written by a 27 year old female... Read More
The Terrorism Insurance Act of Nov. 26, 2002. This helps... Read More
A person might need long term care (LTC) if he/she... Read More
For once finances seem to be going in favour of... Read More
Many personal auto insurance companies consider your credit information when... Read More
As you probably know all to well, the cost of... Read More
Global warming may have been lurking on our horizon for... Read More
We have just had the first year's anniversary of the... Read More
Insurance adjusters are not without outside pressures they must deal... Read More
Homeowner insurance quotes can vary in the amount they cost... Read More
The Health Savings Account (HSA) is a tool to help... Read More
Life insurance, whether you need term or whole life, can... Read More
Do you have many claims? If so, you should do... Read More
This "How To" article is crucial, up-to-date information concerning what... Read More
One of the greatest pleasures that a man can have... Read More
The insurance policy is a package that includes more than... Read More
When we talk about insurance the thing you have to... Read More
Listed below is a useful guide to life insurance terms.... Read More
Everyone is searching for a way of cutting costs, a... Read More
If you're trying to decide between health insurance plans, you'll... Read More
What is a deductible? A deductible is the amount you... Read More
A person needs to reexamine their life insurance needs every... Read More
The Health Savings Account (HSA) is an amazing tool that... Read More
A Health Savings Account (HSA) does not really cover alternative... Read More
When obtaining renter's insurance it is important to put serious... Read More
A Health Savings Account (HSA) is not a type of... Read More
With a rise in those looking to venture out on... Read More
Life insurance can be a very scary thing. If you... Read More
A couple months ago you were toolin' on down the... Read More
Automobile insurance standard coverage is the basic amount of insurance... Read More
You can withdraw money from your Health Savings Account (HSA)... Read More
As many of us expect, the New Year will bring... Read More
In order to save money on your homeowners insurance you... Read More
Having a health insurance policy provides a great sense of... Read More
If you're looking to save money on your auto insurance... Read More
Term insurance and permanent insurance are two basic types of... Read More
The are many scary things in this world. Buying insurance... Read More
If you're a recent college graduate, or in between jobs,... Read More
Recent statements by the City of London Police Commissioner James... Read More
Most of you have heard about "consumer directed health plans".... Read More
Online term life insurance ratesHow simple it is today finding... Read More
Accidents almost always make your insurance rates increase. Whether or... Read More
Home Insurance is designed to provide you with financial protection... Read More
Global warming may have been lurking on our horizon for... Read More
Regardless of what some people might think, medical insurance will... Read More
Shopping for health insurance can be very discouraging when you... Read More
A word of warning about Credit card repayment protection schemesThe... Read More
Who can you talk to about auto insurance? Insurance agents... Read More
Do you pay more attention to your car than your... Read More
The Health Savings Account (HSA) is becoming well-known as an... Read More
If you're planning an overseas trip, you need travel health... Read More
While Legal Romantics would like to characterize the trial of... Read More
One of the most important things you can do as... Read More
Insurance |