Los Angeles, CA, January 10, 2012 --(PR.com
)-- Today an ultimate online resource center for drivers was launched by AutoInsuranceEZ.com. Visitors to the website can now easily compare differences in insurance costs for different makes and models of cars. AutoInsuranceEZ.com provides this information as an aid to consumers considering the purchase of a new vehicle and looking for affordable auto insurance
“Sticker prices tell only part of the story about costs associated with buying a car,” says John Peterson, the company’s PR manager. “Here's help in figuring out how new cars are likely to compare in terms of auto insurance premiums. Selecting the right car can save you money on auto insurance.”
Insurance companies set car insurance rates based mostly on statistical data that shows how often insurance claims have been paid over a certain period for each car make and model. The assumption is that if a specific vehicle has had a high rate of insurance losses in the past, it will keep to have losses at the same rate in the future. Owners of those models will pay higher insurance premiums than owners of other cars.
Carriers also consider repair cost when calculating insurance premiums. If a particular make and model is expensive to repair or replace, then collision coverage is more expensive. For example, a BMW is relatively expensive to insure because parts and labor are expensive and, in case of destroyed vehicles, expensive to replace.
Frequency of accidents is another factor insurance companies rely on in setting insurance premiums. Insurance companies look how often a particular vehicle is involved in accidents. Owners of those vehicles that have a relatively high accident rate will pay more to get insured. For example, the Acura RSX and Toyota Celica have the highest insurance rate of any vehicle in its class. The reason is not that it is an expensive car to repair or replace, but the fact that it is most often owned by young drivers who have accidents at a high rate.
Insurers do not usually adjust their premiums on the basis of data reflecting the crashworthiness of different vehicles. Although, some auto insurance companies lower their rates or offer special discounts if the insured car has features that are likely to improve its crashworthiness, such as automatic seat belts, anti-lock braking systems, and air bags.
Site visitors can compare car insurance rates of popular cars by make and model, read car reviews, view safety ratings, and request auto insurance quotes for any potential vehicle purchase well ahead of time. For more information, please visit the website at http://www.autoinsuranceez.com