10/7/09

What Vehicle has the highest insurance rates?

I friend of mine wants to purchase a Mustang and she was told that the rates in Georgia would be high....Does the color of the vehicle make a difference also?....I have heard the color Red would bring you into a high pay rage with insurance....not too sure so I'm asking....thanks
Answer:

Color has no impact. The symbol (basically, value of car) has a big impact on the comp & collision. Theft rates, statistically, on different types of cars, also has an impact on comp & collision. Safety equipment (ABS brakes, passive alarm, VIN etching ...) will lower the liability portion. If an insurance company does statistics on cars and shows that red cars are more likely to drive dangerously (probably specific to certain models), it is within their rights to raise the premium accordingly.

Everything is statistics; each insurance company usues a different calculation. All liability-only cars will be the same at some companies and different at others.
Source(s):
Licensed agent

3 comments:

Min said...

Well, the best thing to do is go for online shop, look for some quotations and compare company's that can give you a cheaper car insurance for that car model.

jizmackers said...

Interact with other people good way is join in forums I recommend http://www.insurance-forums.net and if you want auto insurance quote http://quotes.insurance-forums.net hope these helps.

Auto Insurance Solution said...

Thanks for the comment and info guys