By on April 8, 2021

driving badlyDrivers of certain cars are prone to drive badly in foul weather. Over four million applicants for insurance are a pretty good indicator. Is it the type of car, or a more aggressive driver? You be the judge.

(Read More…)

By on August 27, 2018

Tesla Model 3, Image: Tesla
The Model 3 was intended to be Tesla’s affordable alternative for the mass market and, for the most part, that’s what it has been. Granted, the automaker did opt to prioritize the production of higher trim levels as a way to maximize profitability. But, given its financial situation, it was an understandable strategy. The Model 3 is still the cheapest way to get into a Tesla. However, it’s not the cheapest vehicle to own — especially when it comes to insurance rates.

Last year, AAA said premiums on Tesla vehicles would likely go up 30 percent after reviewing data from the Highway Loss Data Institute. At the time, Tesla said the analysis was “severely flawed and is not reflective of reality.” But the auto club stated the HLDI’s findings matched its own research, as well as numerous other sources.

“Looking at a much broader set of countrywide data, we saw the same patterns observed in our own data, and that gave us the confidence to change rates,” said Anthony Ptasznik, chief actuary of AAA. (Read More…)

By on November 14, 2017

NYC street driving

Insurance may be one of the greatest scams ever pulled on the general public, but it’s a very necessary evil. Right around the time the automobile became popular, people starting crashing them into things. By the 1920s, individual states began requiring drivers to purchase insurance — creating a pooled solution that covered at-fault drivers for damages they might be unable to pay otherwise.

However, not all drivers crash and not all vehicles incur the same costs when they take or deliver a beating. Collision losses might be astronomical for high-end sports cars but comparably moderate for midsize pickup trucks. The Insurance Institute for Highway Safety and Highway Loss Data Institute recently compiled the loss averages for hundreds of models, grouping them by segments, to establish how lightly-used autos stack up against each other.  (Read More…)

By on June 4, 2017

tesla model-s-rear, image: Tesla Motors

The American Automobile Association thinks Tesla cars should cost more to insure due to abnormally high claim frequencies and expenditures compared to similar vehicles. The group said premiums for Tesla’s Model X and Model S could increase by up to 30 percent, based primarily on data from the Highway Loss Data Institute. “Looking at a much broader set of countrywide data, we saw the same patterns observed in our own data, and that gave us the confidence to change rates,” said Anthony Ptasznik, chief actuary of AAA.

Obviously, Tesla Motors isn’t pleased and is offering a rebuttal before other insurers follow in AAA’s footsteps.  (Read More…)

By on April 27, 2015

OLYMPUS DIGITAL CAMERA

Michigan is the state with the most expensive insurance in the United States. However, a potential overhaul could bring down those costs.

(Read More…)

Recent Comments

  • nrd515: I want to have someone tell me how people who live in an apartment, with outside parking, are supposed to get...
  • nrd515: At least the new smaller trucks won’t be the deathtraps the Courier/B2000/Luv, etc were back 40+...
  • dal20402: I had to get my ‘95 Legend tested in November 2019. At the time I understood it would have to be tested...
  • EBFlex: “It was a bad call but they weren’t the only ones to make it.” Without a shadow of a doubt was it...
  • Scoutdude: Several years ago I ran across a video from a guy in Europe who’s mechanic found a device in his...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber