Car insurance Milwaukee agents heard the news coming out from Detroit: Automakers turned in their best August since before the 2007-09 recession, with U.S monthly auto sales rising 20 percent from a year ago.
As consumers are showing more confidence and getting more access to credit, car sales are experiencing an upward trend, with big sales gains going to Japan´s Toyota and Honda, and Detroit companies doing better than expected.
When it comes to car insurance, premiums may vary amongst various vehicles, reason enough for car insurance Milwaukee companies to share some useful information on all those soon-to-be new car owners.
A lot of clients might not know this, but the amount they pay for insurance on any car depends on the claims history of the vehicle’s make and model. For instance, some vehicles are easier to repair while others may be at a higher risk for theft, and others may not include enough safety features, exposing users to personal injuries or serious accidents.
Car insurance Milwaukee companies keep track of these statistics and use them to set premiums for each type of vehicle in the market. By purchasing a vehicle that is statistically less expensive for an insurance company to repair after an accident, you may save on insurance costs.
Statistics show that high luxury cars are often the most expensive to insure, but middle range automobiles can also have high premiums. In fact, two particular models that are expensive to insure are the Toyota Camry and the Acura TSX.
The Camry’s high theft value and replacement costs keep it high on the list. While entry-level Camry models in the mid-$20s don’t hurt the pocket too badly, the near-Lexus loaded XLE with navigation steps up significantly from there.
The rest of the list is completed by not so surprising cars, being the Audi R8 Spyder Quattro Convertible the most expensive to insure, averaging $3,384 in annual coverage. Mercedes, BMW and Porsche complete the list, with the Nissan GT-R Coupe coming in at last.
According to car insurance Milwaukee records, the least expensive models to insure are the Toyota Sienna LE, the Jeep Patriot and Compass Sport, The Chevrolet Silverado and the Ford Escape XLS, averaging between $1,100-1,600 in annual rate.
As mentioned earlier, safety features also influence car insurance Milwaukee premiums. “The single most important contributor to a vehicle’s crash survivability is mass”, says Russ Rader, a spokesman for an Arlington, Va. insurance company. “SUV’s and pickup trucks are weighty by nature, but at the same time they take longer to stop and are susceptible for rollovers”, continues Rader.
Focusing on sedans, the Volvo S80 ranked among the four safest cars that were collision tested. In the lower-cost bracket, the Subaru Impreza Outback Sport is a great choice. When it comes to the least safe cars, the Chevrolet Aveo tested poorly when hit from the rear, with the Hyundai Accent and Kia Rio also testing badly when hit from the side or rear.