Posted : 09/21/2012
Two mini models – the Toyota Yaris and Hyundai Accent – took the checkered flag for the highest rates of injury claims, according to a Highway Loss Data Institute report analyzing car insurance losses by make and model.
The report assessed cars from model years 2009 to 2011 for six different types of auto insurance coverage claims. Results for collision, property damage liability and comprehensive claims represent overall losses, which reflect both the frequency of claims and the average loss payment per claim. Results for three types of injury coverage -- personal injury protection, medical payments and bodily injury liability -- represent claim frequency only. (See: "Auto insurance basics: comparisons, coverages and rates.")
Here are the vehicles that racked up the most personal injury claims – which cover injuries to you and your passengers regardless of fault:
Here are the vehicles with the lowest frequency of personal injury claims:
For bodily injury liability claims, which pay for injuries you cause to occupants of another car, the cars with the highest claim rates are:
Cars with the fewest bodily injury liability claims are:
For medical payments claims, which cover injuries to you and your passengers if you're at fault, the autos with the most claims are:
The cars with the lowest rate of medical payment claims filings are:
Sports cars, luxury cars and budget-priced models with big engines have higher-than-average collision claims, according to the report.
The Jeep Wrangler 2dr 4WD had the lowest overall losses for collision, while the $200,000 Ferrari California convertible topped the list for the highest collision losses.
The leader for lowest overall losses due to comprehensive insurance claims is the Chevrolet Colorado, a small pickup. The large, luxury BMW 7 series has the highest overall losses due to comprehensive coverage claims, which cover damage from theft and vandalism.
On the property damage liability front, the Chevrolet Corvette Z06 ranked No. 1 for having the lowest overall losses due to claims, while the Dodge Ram 2500 mega 4WD had the highest overall losses.
Many factors go into setting your car insurance rates. Among them are your age, your marital status, your place of residency, your driving record and, in many states, your credit history. (See: "Got a ticket? You could be paying for it for years.")
The type of car you drive is also considered by insurers when setting your car insurance rate. That's where the HDLI data come into play. Many insurers use the overall loss data to help determine rates. (See: "Auto insurance: 8 things you should know about.")
In addition to the likelihood of a crash, other factors that go into setting car insurance premiums include the cost to repair or replace a vehicle.
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