Originally posted by bitemark46
That's great that you work for an insurance company but I would respectfully disagree. When I bought my cobra new in 1998 I was 23yrs old. I went to my insurance company to start a new plan so to speak. My agent got my info and went into his pc to see what my current company would charge on my new car. He said they would not cover me under than car. So I had to go with another company with a higher premium. Now I'm pretty sure if I drove an integra, civic, accord, etc. that they would have covered it.
Would you agree with this analogy?
If 100 single males under 25 all get a rwd v8 that makes we'll say 320hp that their insurance will be less than if they were to purchase a 120-160hp fwd 4 cyl?
You tell me which of the two is going to have more claims? I know that if it's easier to steal at civic, accord, integra that insurance companies will take that into consideration but compare how many thefts there are to compared to how many accidents there are per day. -Mark
that makes since. you were probably with statefarm or allstate before and they didnt like your rating with a high performace vehicle. most low rate insurance companies arent willing to take a big risk. but if you dont believe me, call your current insurance company and have them do a quote for you, to replace your mustang with an integra or civic. now i've havent tried the differnce between a cobra and a civic, just a mustang gt, but i will quote it next time im at work for you.
also let me break this down for you, as most insurance companies get the information from the same outside company. every vehicle has four main ratings:
liability rating: how much damage your car will do to another car if you hit someone.
comp rating: theft rating
collision rating: how much it costs to fix your car if its damaged.
injury rating: how safe is your car for the occupants inside
then you have indicators like: high performace and 1 ton(ie. ford f350).
they cannot deny you insurance on the ratings, but they can on the indicators. understand?