Car Insurance Provider Publishes Vehicle Rankings

Rows of cars in dealership lotAuto insurance provider State Farm has published on its website a new resource that allows consumers to see which vehicle models have high or low premiums relative to the standard for all cars.

In addition, the rankings indicate whether owners of particular cars receive — and if so, how much — vehicle safety discounts for medical payments or personal injury protection coverage.

All ranking are based on the insurance company’s own internal claims data.

The insurer has graded the cars on a A-to-E scale, with a grade of A meaning that the vehicle has statistically been insured for significantly less than the standard car and an E meaning it has been insured at significantly higher rates.

Coverages listed include comprehensive, collision, bodily injury liability and property damage liability.

Ratings like these can help consumers who are in the market for a new car but want to make sure that low cost auto insurance will be available for the vehicles that they have in mind.

Drivers should be aware, though, that the cost of insuring particular vehicles and particular types of drivers vary widely among insurers. State Farm’s claim data for one specific make or model may be very different from Allstate’s data for the same type of vehicle, and premiums could differ accordingly.

For an additional resource, the Insurance Institute for Highway Safety (IIHS) also makes available a similar index on its website. The IIHS resource ranks vehicles’ average claims cost for six different types of coverage in relation to the average claims cost for all vehicles.

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

No comments yet.

Comment on this article