Quote:
Originally Posted by robo_robb
I'm not sure how insurance rates are determined when taking accident statistics into account, but it would make sense to me that the insurance companies would look at the number of accidents as a percent of the whole,
e.g., if 5/100 FR-S's crashed, vs, 1/20 BRZ's crashed (just an example), both models have a 5% crash rate, even though there are more FR-S's crashed.
To expound on my point: The Toyota Camry has astronomical crash rates compared to our FT86's, but that's because there are so many out there. Insurance rates remain low because the ratio of accidents to total number of Camrys is so low.
To me, it seems like our two babies are crashing at rates proportional to their totals.
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When pricing auto insurance coverage symbols for a vehicle (relative rates vs base risk), a vehicle gets individual symbols for, at a bare minimum, a few basic types of coverage like Liability,Property Damage, Comprehensive, Collision. Within each coverage, the relativity factors take into account, the claim frequecy and severity to provide a "Pure Premium" for the risk. Suppose a vehicle has 25% more accidents but they cost 80% vs the base risk, this car would still get a 1.0 factor.
Tell all these people totaling their car to quit!
