Cars From An Insurance Company's Perspective

Cars From An Insurance Company's Perspective

There
is nothing wrong with wanting to go for your dream car, except that at
some point you will need insurance. It is therefore a good idea to have
a balanced approach and also look at your car from an insurance
company's perspective before you make your decision.

Insurance
companies rely very heavily on all sorts of statistics in arriving on
the insurance premium to charge for your car. This includes statistics
on favorite models for car theft, collision costs and repairs for
various models, fatalaties and so on.

The numbers clearly show
that 2-door cars are stolen much more than their 4-door counterparts.
4-door cars have a 93 per cent less chance of having a claim elated to
theft than 2-door cars. A Buick LeSabre is the kind of car that car
thieves avoid and therefore the chances of theft are almost nil,
according to statistics on car theft. On the other end of the scale a
convertible Chevrolet Corvette is one of the most popular cars with
thieves and has very 5 times the average theft rate.

As far as
car thefts go, sometimes cars from the same manufacturer can vary
widely. The Toyota Celica has a 67 per cent higher chance of theft than
the Toyota Camry.

Then there are the cars that are the most
costly in terms of collision claims. The key factor here is usually the
high cost of repairing and expensive vehicle. In this regard, the Lexus
IS 300 is one of the most expensive vehicles for collision claims.

When
it comes to car safety, some of the leading models may surprise many.
For instance the Porsche 911 has a 67 per cent less chance for injury
claims than the average. On the other extreme, the Mitsubishi Lancer
has almost double the injury claim rate over the norm.

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