An interesting study released from ValuePenguin on the National Highway Traffic Safety Administration’s crash data. It relates to specific cars and compared it with national premium averages on those vehicles. Please note that these numbers are based on national averages and Auto insurance rates differ based on a variety of factors.
The researchers found that:
1. Vehicles associated with fewer fatal accidents tend to have cheaper car insurance rates, while accident-prone vehicles typically face more expensive auto insurance costs.
2. Increased insurance costs correlated with increases in driver fatalities across all coverage types, including bodily injury and property damage liability, comprehensive, collision and personal injury protection.
3. The relationship between safety and car insurance rates appeared especially prominent for smaller vehicles, though the trend was consistent for the full sample of cars analyzed.