Car Insurance Claims – Do smaller Cars Have Highest Car Insurance Injury Claims?
When buying car insurance there are many factors that affect your rates.
Insurance companies take into consideration your age, your marital status, your driving record, your place of residence, your credit history and other factors.
One other factor that affect your car insurance rates is the type of car you drive.
Car insurance companies examine statistics to point out which car model is most likely to be stolen, which car model is most likely to be involved in a car crash, which car model is most likely to be involved in an event that might require them to pay for damages according to insurance policy.
Car insurance companies have all this information at hand and can determine their rates for you accordingly.
Car Insurance claims statistics are important in determining your car insurance rates.
According to Car Insurance Claims statistics – sports cars, luxury cars and budget priced cars with big engines seem to have the highest collision claims.
On the other hand they have a list of cars that seem to have the least likelihood for overall losses for collision.
According to Car Insurance Claims statistics – The Chevrolet Colorado. for example is considered to be the lowest overall losses due to comprehensive insurance claims.
Which Car Model Is Highest In Overall Losses Due to Comprehensive Coverage Claims?
– The BMW 7 series.
These large car models seem to lead the list of highest overall losses due to comprehensive coverage claims, which also cover damage from theft and vandalism.
The website insurance.com devotes a full article to these statistics that have such an impact and affect your car insurance rates.
According to their findings the smaller mini car models have highest car insurance injury claims.
They base their conclusions on a report by Highway Loss Data Institute that published a list of car models and statistics for likelihood for Collision, Property damage, Comprehensive damages, Personal injury, Medical payment claims and Bodily injury.
This information is not only interesting.
Please keep in mind that this information plays a major role in determining your car insurance rates.
Car Insurance Claims Statistics matter… a lot.
Take a look at some facts and figures based on the article:
The car model that racked up the most personal injury claims – which cover injuries to you and your passengers regardless of fault is:
– The Toyota Yaris
The car model with the lowest frequency of personal injury claims is:
– The Porsche 911
The car with the fewest bodily injury liability claims is:
– The Chevrolet Corvette
These Car Insurance Claims statistics are only a part of the information insurance companies take into account while determining your car insurance rates.
Same works with car insurance for women that have statistically proven to be safer drivers or teenagers who have statistically proven to be risky drivers.
The below video, made by Allstate, talks about teenage driver statistics…. these figures that cause car insurance rates for young drivers, teenagers and students climb so high.
As you can see, Car Insurance Claims Statistics play a major role and are a major factor for the car insurance companies in determining your rates …
There is no way around it.
The only thing you can do is get informed and understand that your car model, your age, your gender, your credit score, your grades in school, your marital status and many other factors, some you can control and others you can not, will affect the amount of money you’ll pay for your car insurance policy.