Which Cars Keep Your Insurance Rates Affordable
Which cars make your insurance rates affordable?
Well the way that the rates are set are by the HLDI (Highway Loss Data Institute). The HLDI analyzes the insurance cost from a few different factors like how many cases of theft that, that kind of car has had in the past. Another is how many crashes that model has been in, and lastly how many injury claims that have been made within the history of that car.
They also look at the cars color, how many doors, what type of mileage it has, the engine, and the transmission. So take i to thought that a four door car has a 93% chance of being stolen. But a two door has a five times more chance to be stolen. For example if you buy a Buick its probally not going to get stolen but in comparison to a corvette the corvette will be theone being stolen first. A couple other factors that come into play are the repair costs, what if it gets into a crash or totaled how much would it costs that is a main factor in insurance companies today. Also the saftey features that a car has like AAA, alarm systems, power windows, power lock, radios, remote engine starter, sun/moon roof, ect.. these also make a big impact on the cost. A big cost reducer to the insurance companies is a ESC (Electronic stablizing control) the ESC has proven to reduce the instances of crashes by a radar that heps to see incoming traffic hazzards.
The best way to see the car you want is, is by going to the IIHS’s (Insurance Institute for Highway Safety) site and performing a search on that vehicle. So typically when searching for the right car to fit your budget to can go to the IIHS site and perform a serch on the class, make, model, ect.. and by doing this you will be able to know the exact cost of the car that your want to purchase and by knowing that you’ll have reassued your self on what the insurance rates are and what you can afford.