A variety of factors are considered in determining the cost that a consumer pays to insure a particular car. The car's make and model, while not the only such factors, are two significant ones. Certain organizations, such as Insure.com, actually analyze various cars to determine their typical insurance costs across all major car insurance providers. They judge hundreds of different cars, comparing them to a formula that analyzes certain data that applies to them all. The frequency of accidents involving a particular car, the typical prices of injury claims for the driver and passengers in that car, the overall cost of a totaled vehicle and the cost of repairs to a non-totaled vehicle are all basic numbers included in the formula. The driver is the constant variable in the formula. For the sake of comparison, he is considered to be a single male at age 40 with good credit and a clean driving record. The coverage of the policy is also the same for each test. The specific insurance costs, of course, will vary somewhat based on the policy chosen and the individual driver.
Originally posted at Popgive.com.![]()
