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Which Cars Attract the Lowest Auto Insurance Rates (On Average)

As you may already know, auto insurance companies determine their rates & premium amounts in accordance with the type of car you owe. The Highway Loss Data Institute, an organization that analyzes the cost of theft, collision, and injury claims for insurance companies, have provided us with the following facts. Take heed: even car color and number of door data contribute to the cost reports they hand over to auto insurance companies.

4 Door Cars have a 93% less chance of having an auto insurance claim related to theft than 2 Door Cars. Statistics have shown that Buick LeSabres have no chance of a theft loss. That stands in opposition to the sporty Chevrolet Corvette, a two-door that has over 5 times the average theft rate for all cars. The Highway Loss Data Institute have also crunched the numbers with Toyota Celicas and Toyota Camrys, with the Celica having a 67% higher chance of being stolen than a Camry.

Even cars with ?best pick? ratings for performances on crash tests have past models that has costly collision claims, like the 2002 Lexus IS 300. Of course, expensive vehicles demand higher auto insurance premiums and deductibles. According to the Highway Loss Data Institute, here are the cars that are the least costly when it comes to collision claims:

Honda Civic: Average Collision Claims not High!
  • Large
    • ¨ Ford Five Hundred
    • ¨ Mercury Montego
    • ¨ Audi A6

  • Minivans
    • ¨ Hyundai Entourage
    • ¨ Kia Sedona

  • Small
    • ¨ Honda Civic
    • ¨ Saab 9-2X
    • ¨ Subaru Impreza - big improvement from previous years

  • Midsize
    • ¨ Saab 9-3
    • ¨ Subaru Legacy
    • ¨ Audi A3
    • ¨ Audi A4
    • ¨ BMW 3 series
    • ¨ Chevrolet Malibu
    • ¨ Lexus IS
    • ¨ Volkswagen Jetta
    • ¨ Volkswagen Rabbit
    • ¨ Volkswagen Passat

In addition, some case have larger injury claims rate than others. Take the extravagant Porsche 911 for insurance, which has a 67% less chance for injury claims than the standard, while the Mitsubishi Lancers has double the average injury claim rate. With all this said, here are the cars that are among the more expensive and least expensive for theft claims:

Most Expensive/Theft Claims:

  • ¨ Cadillac Escalade four-wheel drive
  • ¨ Chevrolet Corvette Convertible
  • ¨ Lincoln Navigator four-wheel drive
  • ¨ Jeep Cherokee four-dorm 3 series

Least Expensive/Theft Claims:

  • ¨ Buick LeSabre
  • ¨ Buick Park Avenue
  • ¨ Volvo V70 Station Wagon
  • ¨ Mercury Grand Marquis four-door

Most Expensive/Injury Claims:

  • ¨ Suzuki Esteem four-door
  • ¨ Kia Rio four-door
  • ¨ Mitsubishi Mirage two-door
  • ¨ Kia Spectra four-door

Least Expensive/Injury Claims:

  • ¨ 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

Most Expensive/Collision Claims:

  • ¨ Subaru Impreza WRX four-wheel drive four-door
  • ¨ Lexus IS 300 4 door
  • ¨ Hyundai Tiburon two-door
  • ¨ Porsche 911 Coupe
  • ¨ Acura RSX

Least Expensive/Collision Claims

  • ¨ Ford Excursion two-wheel drive
  • ¨ GMC Safari four-wheel drive
  • ¨ GMC Sierra 2500
  • ¨ GMC Yukon XL 1500 four-wheel drive


Posted on: 12/5/06 7:41:20 P

 

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