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Originally Posted by ucmecheng
She ran a estimate based on cost for the 370z and it came up with around $670 a month. This makes sense since people speed more and get in more wrecks than average in a 370 which explains why the actual cost is $707. She said the rates are based on how much your car would cost to fix in the event of an accident, and how much damage they expect you would do to the other car. Aka, since SUVs are huge and weigh a ton they cost more because they do more damage.
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It just changes the likelihood of certain claims that would be covered by different coverages on your policy. For example, motorcycle LIABILITY insurance generally isn't too expensive, because on a little motorcycle, it's not likely for you to cause a lot of damage in it or bust up people (unless you plow until a bunch of people on the sidewalk). However, since you're far more likely to get injured on one, that's why the UMBI and medical payments cost a lot on those kinds of policies. Same thing with the collision coverage, since people drop their bikes all the time or high/low side crash when trying to be heroes when taking corners.
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Originally Posted by bladesamurai
Doesn't medical include things that health insurance doesn't cover?
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It varies from state to state, but generally speaking, it CAN include things that health insurance doesn't cover, but again, it really depends on how awesome of a health insurance policy you have.
For example, not all chiropractic care is covered by health insurance, or not all chiropractors accept all health insurance companies. If you get into a car accident and don't need hospitalization but your back feels a bit sore, you will be happy that you had medical payments, because you can make a claim through your insurance company where they can use that coverage toward you seeing a chiropractor. Maybe your health insurance plan covers it, but maybe it doesn't. Medical payments actually contribute a very, very small amount to your insurance policy overall, unless you're with a non-standard company and/or have an accident or two on your driving record.