Thursday, October 21, 2010

IIHS reveals most, least expensive cars to insure by type

The Insurance Institute for Highway Safety (IIHS) has released a rating of which cars have the highest and lowest insurance claims by category. In general, 2007-2009 SUVs and sports cars fared better than most other vehicle types in minimizing insurance losses.

The top 10 vehicles with the lowest overall insurance losses were the Chevrolet Corvette convertible, Mazda Miata, Chevrolet Corvette coupe, Volkswagen New Beetle convertible, Saturn Sky, Honda Pilot, Hyundai Veracruz, Honda CR-V, Subaru Outback, and Toyota 4Runner.

Among the vehicles with the lowest claims rate for medical payments other than sports cars are the Ford F-150, Chevrolet Silverado and GMC Sierra 2500 pickups, Honda Pilot, Audi A6, and Buick Enclave.

The results are relative, expressed on a scale with 100 representing the average car.  Unlike in past reports, IIHS says it adjusted, or standardized, the results to reduce distortions from non-vehicle factors such as operator age, gender, and marital status and vehicle population density. Collision and comprehensive results are also adjusted to standardize the deductible.

Read More: http://blogs.consumerreports.org/cars/2010/10/iihs-reveals-most-least-expensive-cars-to-insure-by-type-chevrolet-corvette-mitsubishi-lancer.html

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