What Auto Insurance Have You Got?

August 31st, 2010 by admin

We have been talking about Insurance Have to’s and how rates are calculated based on your profile. Click here to get the lowest possible rate in your state.

Insurance statistics could provide a wealth of information to consumers in the market for a used car! Insurers keep track of parts and repair costs for every make and model of car. They maintain data on the frequency and severity of each model’s accident record, and what those accidents cost in medical bills and funeral expenses, as well as auto repairs.

Cars that cost less to repair and are better able to withstand a crash qualify for discounts from the standard collision and comprehensive coverage rates. Those that are more expensive to fix, more easily damaged, and statistically likelier to be in an accident are surcharged. What insurance have you got for your car?

According to statistics maintained by the Highway Loss Data Institute (HLDI), the safest cars are big, four-door models, station wagons, passenger vans, and cars equipped with air bags and other passive restraint systems.
Among the safest cars today are the Mercedes models, the Ford Crown Victoria, Pontiac Bonneville, Chevrolet Caprice, Mercury Grand Marquis, BMW 500 Series and the Acura Legend 4D. They all ranked “substantially better than average” in passenger protection against severe injury.

If you want to know more about the track record of your car, or a car you’re thinking of buying, write to the Highway Loss Data Institute at 1005 North Glebe Road, Arlington, VA, 22201. The Highway Loss Data Institute will send you the most recent information available on the injury and collision loss experience compiled by car make and model. The information is free.

The Highway Loss Data Institute can also provide you with its latest insurance have theft report, which contains comprehensive information about how frequently passenger vehicles, vans, pickups, and utility vehicles are stolen. Again, the information is free and is compiled by car make and model numbers.

Another excellent, annually updated source of information about crash test and repair rating results is The Used Car Book by Jack Gillis, director of public affairs for the Consumer Federation of America. A car’s design isn’t the only factor in how accident-prone it tends to be. The way it’s driven is a contributor to accident experience too. Two-door sports cars tend to be in more accidents than family station wagons.

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Not all insurers surcharge or discount for all makes and models of cars. But discounts and surcharges from insurers that do can range from 10 to 30 percent. This information is worth having, if you’re in the market for a used car, and not just because it’ll give you an idea of insurance costs. It alsotells you something about the relative safety of the make and model you’re considering. It’s a good idea to do some comparison shopping for insurance have before you buy your car, anyway. (Insurance have it after all will be part of the cost of maintaining that car.)

How Popular Is Your Car with Thieves? Your rate for comprehensive insurance will also depend in part on your car. It won’t surprise you tc learn that sports cars and luxury cars are the most popular with thieves Or, that vandals favor cars with good and easily removable radios.

Some insurers will discount your premium for comprehensive cover age if you make it harder to steal your car by installing antitheft devices such as wheel-locking or ignition cutoff mechanisms.
You may lower your chances of losing the car, even if you don’t lower your premium, just by putting alarm stickers on a couple of its window! According to law enforcement agencies, nearly 80 percent of the vehicles that are stolen weren’t even locked, and more than 10 percent of them had been left with the keys in the ignition.

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With pickings like these available, a sensible thief might not eve bother with a car that has an alarm window sticker, let alone an alarm. By the way, hotline callers often ask if insurers will pay a claim for stolen car if the keys have been left inside. With many companies, di answer is yes, but you may be dropped quickly at renewal time!

How You Use Your Car. Insurers usually have four categories of u; for a car–commuting, business, pleasure, and farming. Each has a different. (You’ll see why, if you think about it. For example, if you’] doing most of your driving around a 100-acre farm, you’re unlikely come within miles of another vehicle, much less collide with one!)

Many underwriters also take into account how much you drive are where. The more miles you spend behind the wheel, the greater the ri you’ll have an accident and the higher the premium. If you’re a daily commuter in horrendous city traffic, or a salesperson who spends large part of every working day on highways or city streets, you’re going to pay more for coverage than a retired person who logs a few miler week to and from the local shopping mall.

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