Auto insurance is sometimes confusing. There are so many different auto insurance companies online it can be hard to know when you are getting the best insurance policy available to you at the best price. Weather you are looking for modified car insurance, or simply the best sports car insurance online, you need to shop around and compare prices, companies, and policies.
Why is the monthly premium for a normal auto insurance policy usually cheaper than a sports car insurance policy?
The bottom line is that insurance companies spend less to cover insurance claims made by the drivers of normal autos than they do to cover the insurance claims of sports car drivers.
- Auto insurance policies for normal auto owners are less likely to have a claim filed than sports car insurance policies. Even the best sports car insurance companies online are in business to make money.
- When a normal auto is in an accident it is less likely to result in a total loss than if the same accident happens involving a sports car.
- Sports cars are usually lighter and faster than normal autos. Back to physics 101, normal auto wins in an accident.
- Normal auto design allows for more absorption upon impact since they usually weigh more. Sports car design distributes the impact and force of an accident around the passenger cabin by causing the auto to come apart. Good for passengers, bad for insurance companies who have to reimburse surviving drivers for a total loss on their auto.
- Like it or not, auto insurance companies lump sports car owners into the high risk group. Try to find an online insurance company that will give you rewards for a maintaining a safe driving record.
- Auto policy deductibles and sports car insurance deductibles can be increased to save on premiums, but be sure that you save money to cover the deductible if you need to.
No comments:
Post a Comment