Car Insurance Rates Vary For Each Insurance Company
When shopping around for auto insurance, you might want to do a little research, and try not to listen to snappy television commercials and cartoon mascots. The budget insurance companies that inundate the airwaves may guarantee lower prices, but their coverage might not be as inclusive as the traditional companies.
These facts also apply to all types of insuarnce HOME LIFE FIRE THEFT insurance !
So, when shopping around for car insurance, it is best not to skimp. Two old adages ring very true: “You get what you pay for”, and “If it sounds too good to be true, it probably is”.
Pay-as-you-drive insurance involves the installation of a GPS tracker in your car. This then provides a variety information to your insurer.
Since companies get more information, they plan to be more precise while working with you. And if your vehicle is in the garage and this information is available to the agent, then this would allow you to spare.
Conducted researches says that drivers who do less than 6,000 miles a year could save up to 30 per cent on their premium by switching to pay-as-you-drive car insurance.
Also the biggest discount you can obtain on your insurance is your no claims bonus (NCB). Some insurers offer up to 70% off your premium if you have been accident free for five years, but make sure you have written proof from your last company.
The Top Ten Hardest Cars to get Insured
Basically, luxury cars, sports cars, four-wheel drive trucks, and other performance vehicles are the most expensive to insure. Not only do these cars have high claim rates for collisions, theft, and injury, but the companies consider their drivers to be more apt to speed and therefore a higher risk factor.
Here is a list of the top ten most expensive vehicles to insure, that have a sticker price of less than $50k, according to the Highway Loss Data Institute (HLDI):
1. Lexus IS 300
2. Land Rover Discovery Series II
3. Audi S4
4. Jaguar X-Type
5. Mercedes SLK Class
6. Lexus GS 430
7. Land Rover Freelander
8. Mitsubishi Montero
9. BMW X5
10. Toyota 4Runner
The HLDI also lists vehicles that are the most expensive based theft, injury and collision claims. The most expensive theft claim models are:
1. Acura Integra two-door
2. Acura Integra four-door
3. Jeep Wrangler
4. Jeep Cherokee four-door
5. Honda Prelude two-door
The most expensive injury claim models are:
1. Suzuki Esteem four-door
2. Mitsubishi Mirage four-door
3. Kia Rio four-door
4. Mitsubishi Mirage two-door
5. Kia Sephia four-door
The most expensive collision claim models are:
1. Lexus IS 300
2. Hyundai Tiburon two-door
3. Kia Spectra four-door
4. Suzuki Esteem four-door
5. Mitsubishi Mirage four-door and Audi A6 Avant Quattro station wagon (tie)