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Which Car Should You
Own To Keep Your Insurance Rates Most Affordable?
Do you know how much the cost of insurance will be 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.
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. These are the 2006 "best picks":
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:
Models that are among the most expensive for theft claims include:
Models that are among the least expensive for theft claims
include:
Models that are among the most expensive for injury claims
include:
Models that are among the least expensive for injury claims
include:
Models that are among the most expensive for collision claims
include:
Models that are among the least expensive for collision
claims include:
Source: The Highway Loss Data Institute
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