Car Insurance News

Another Question is Why premiums are high for these vehicles?
A continuation of the news about The Most Expensive Autos to Insure in 2008 among Top Sellers

Your own premiums are calculated using sophisticated tables combining your personal factors plus the “loss experience” of the vehicles. That means that you could be the best driver in the world, but if other drivers of your car model are regularly crashing their cars, that car is going to be more expensive to insure.

Insurance loss histories compiled by industry groups and insurers are used to judge the level of claims a vehicle will incur for collision damage, medical bills, theft and other factors.

Source

The Question now is Why Premiums are Lower for these Vehicles?
Continued from the Previous News about The 10 least Expensive Autos to Insure in 2008 Among Top Sellers
Your own premiums are calculated using sophisticated tables combining your personal factors plus the “loss experience” of the vehicles. That means that the owners of some vehicles end up with far fewer or far less expensive insurance claims than others. This “loss history” is used to price other policies and helps keep your premium in check.

For example, if your car model isn’t stolen much, your comprehensive premiums may be comparatively lower. If repair costs are low for your vehicle, collision coverage may be lower.