Everyone has a car that is their ultimate fantasy. It is the one they prize above all others and the one model that they believe is to die for. Chances are this car is bound to be an expensive one in many cases. Insurance for the car is something any reasonable man would want to consider. Especially if it has a lot of your savings going into it, you will want to think of full cover for the car. There are statistical studies by which insurance companies determine the costs involved in terms of occurrences of theft, injury, and collision for various cars and models. This would be also based on various parameters such as how many doors a car has, the colors people choose and more.
When you look at a Chevrolet corvette and a Ford Taurus, the insurance firms have different categories for them in terms of the costs involved in insuring these two cars. Statistically, the two door corvette has a higher chance of being stolen than the four door Taurus and hence the difference in costs. For two models made by the same company as well the statistical rates of theft are different as collated by actuaries and statisticians from numerous real life cases. Hence the costs for insuring these two types would also differ based on this criterion.
Another fact that most insurance companies consider is how tough the car is; how well it is made to protect from theft and also to protect passengers in the event of a collision. The car that has the best body and is among the ‘top safety pick’ category of insurance companies will definitely have lower premiums. One that is easily wrecked in the event of a collision will automatically be more expensive to insure. Based on the ratings obtained there are cars that offer the best protection for people seated in the back, in the front and also in case of a collision on the side. Crash risk is also reduced by control of stability of the car.
When deciding the type of vehicle to buy and the insurance that will work in your favor, be sure to check out the statistics and figures on these cars for injury and theft so you can make a more informed choice than not. If you can spend some time researching the various insurance costs involved with relation to a car, you can pick out the best insurance policy for your car and your safety as well. You can also make the final decision in terms of choosing between cars by using this data as it is invaluable and well researched by the Insurance Institute for Highway Security.
Getting multiple quotes on insurance rates can be both online and offline. You need to plan on your needs and spend some time researching before deciding on a policy. Researching on the car you wish to buy and ensuring it is not in the list for highest number of thefts and collision will also be wise. These facts may not dissuade you from buying this car, but you can make sure you are thoroughly insured against any liabilities and be covered well. The right car will be a dream and the right insurance will make it a more pleasant ride.
