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Your Car Is Safe, But Is Your Insurance Rate?
By Lee Romanov
Saturday, December 16, 2006
The Insurance Institute for Highway Safety's Top Safety Pick Award of the year has just gone to the 2007 Acura RDX 4-door AWD.
However, InsuranceHotline.com has proven that the safety factor doesn't always mean the best insurance rate.
The, Insurance Bureau of Canada rates vehicles using an injury factor from 1 to 5, with one being the best when it comes to injury and death claims, and 5 being the worst.
A rate comparison from the top 30 insurance company rates, from lowest to highest, between the Top Safety Pick, which has a factor of 1, and the 2007 Toyota Rav4 4WD, 4-door which has a factor of 5, reveals the following:
While safety is a factor in your insurance rate, other factors such as age, driving history, postal code, length of time licensed, cost of vehicle repairs and theft ratings all affect the bottom line, says Lee Romanov, president of InsuranceHotline.com, an unbiased quoting guide for car insurance.
The key for drivers who buy the safest cars? in hope of a better insurance rate is to use InsuranceHotline.com?s rate comparison guide, which blends in their driving profile and the other rating factors, matching them up to the 3 best-rated insurance companies. If not, drivers may end up paying hundreds, even thousands of dollars more than necessary, as shown by the spread of rates above.
Go to www.InsuranceHotline.com before your renewal, be a good start to spending your money wisely in 2006.