insurance

Roger M. Woodbury rmwoodbury at downeast.net
Tue Feb 19 12:45:23 EST 2002


I am sure that this is proprietary information either of the Insurance
Services Office, or perhaps the insurors themselves.  Normally, insurance
agents are furnished with underwriting guidelines and the automobile
symbols...normally physical damage ratings...are shown, along with
instructions concerning how to make the submission to the underwriting
offfices.  The actual vehicle model means relatively little as far as the
premium is concerned.  The driver's age (drivers' ages), driving record,
type of vehicle and its age, THEN the particular model, I believe is the way
that the normal underwriting "screen" is applied.

Example.  I was expecting my premiums to be quite stiff when I bought my
Porsche 928, despite the fact that I am comfortably over the age when this
sort of thing should make a difference.  I have quite a lot of liability
insurance, but was willing to accept a thousand dollar deductible for
comprehensive and  collision insurancce.  The premium for the 1987 928S4 was
around $800 per year, and was just added to my policy with my other
vehicles.  It was less than my 1989 Audi 200 Wagon on the same policy, and
not much more than the 944 that it had replaced.

When I was an independent insurance agent, such a vehicle would have been
VERY difficult to place at all, under a standard policy, and usually only
for an older operator with NO young operators in the household.

My daughter recently talked to the insurance company about various cars.
She found that they told her freely what they rated "up" and did not.  Audi
was rated quite low by them....good crash resistance and good safety record.
The Misubishi Gallant that she presently has, was rated as so much tin foil.

Roger

----- Original Message -----
From: "David Conner" <conner at cfm.ohio-state.edu>
To: <quattro at audifans.com>; <rmwoodbury at downeast.net>
Sent: Tuesday, February 19, 2002 12:54 PM
Subject: insurance


> Good article!
>
> I'm interested in the item re: "How much your car model affects your
> premium -
> Cars are given a rating from 3 to 27, and the higher the number, the
higher
> your premium.
>
> The article says these numbers for various model cars would be difficult
to
> find.  Does anyone know where/how to find them?
>
> Dave C.
>
>




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