Comparison of Differences in Insurance Costs for Passenger ...

DOT HS 812 039

June 2014

Comparison of Differences in Insurance Costs for Passenger Cars, Station Wagons, Passenger Vans, Pickups, and Utility Vehicles on the Basis of Damage Susceptibility

DISCLAIMER

This publication is distributed by the U.S. Department of Transportation, National Highway Traffic Safety Administration, in the interest of information exchange.

The opinions, findings, and conclusions expressed in this publication are those of

the authors and not necessarily those of the Department of Transportation or the National Highway Traffic Safety Administration. The United States Government assumes no liability for its contents or use thereof. If trade or manufacturers' names or products are mentioned, it is because they are considered essential to the object of the publication and should not be construed as an endorsement. The United States Government does not endorse products or manufacturers.

U.S. Deportment of Transportation

National Highway Traffic Safety Administration

1200 New Jersey Avenue, SE Wash1ngton. DC 20590

Dear Prospective Purchaser:

Attached please find a copy of the June 2014 Relative Collision Insurance Cost Information Booklet provided by the National Highway Traffic Safety Administration, an agency of the U.S. Department of Transportation. Pursuant to NHTSA's regulation in Title 49 of the Code of Federal Regulations, Part 582, Insurance Cost Information Regulation, NHTSA is required to make available to prospective purchasers information regarding comparative insurance costs, based on damage susceptibility and crashworthiness, for makes and models of passenger cars, station wagons, passenger vans, pickups, and utility vehicles.

As a result of Public Law 112-252 signed into law by Congress on January 10, 2013, the requirement for passenger motor vehicle dealers to distribute this information to prospective buyers was repealed. Therefore, dealerships are currently no longer responsible for reproducing and maintaining copies of the booklet in their showrooms for prospective purchasers of new vehicles. However, this booklet can still be downloaded and printed from the NHTSA Web site at nhtsa..

From the NHTSA Web site, click on the "Vehicle Safety" tab, then choose the "Vehicle-Related Theft" category; on that page, under the "Additional Resources Panel," click on "2014 Comparison of Insurance Costs."

S incere~y yours,

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,()_~})~

0 . Kevin Vincent Chief Counsel

Enclosure

June 2014

Comparison of Differences in Insurance Costs for Passenger Cars, Station Wagons, Passenger Vans, Pickups, and Utility Vehicles on the Basis of Damage Susceptibility

The National Highway Traffic Safety Administration has provided the information in this booklet in compliance with Federal law as an aid to consumers considering the purchase of new vehicles. The booklet compares differences in insurance costs for different makes and models of passenger cars, station wagons, passenger vans, pickups, and utility vehicles on the basis of damage susceptibility for the vehicle.1 However, it does not indicate a vehicle's relative safety for occupants.

The following table contains the best available information regarding the effect of damage susceptibility on insurance premiums. It was taken from data compiled by the Highway Loss Data Institute (HLDI) in its December 2013 Insurance Collision Report, and reflects the collision loss experience of passenger cars, station wagons, passenger vans, pickups, and utility vehicles sold in the United States in terms of the average loss payment per insured vehicle year for model years 2011-2013. NHTSA has not verified the data in this table.

The table presents vehicles' collision loss experience in relative terms, with 100 representing the average for all passenger vehicles. Thus, a rating of 122 reflects a collision loss experience that is 22 percent higher (worse) than average while a rating of 96 reflects a collision loss experience that is 4 percent lower (better) than average. The table is not relevant for models that have been substantially redesigned for 2013, and it does not include information about models with insufficient claim experience.

1 This booklet reflects the vehicle groupings as revised by HLDI since implementation of NHTSA's final rule (See 60 FR 15509, March 24, 1995)

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Although many insurance companies use the HLDI information to adjust the "base rate" for the collision portion of their insurance premiums, the amount of any such adjustment is usually small. It is unlikely that your total premium will vary more than 10 percent depending upon the collision loss experience of a particular vehicle. If you do not purchase collision coverage or your insurance company does not use the HLDI information, your premium will not vary at all in relation to these rankings.

In setting insurance premiums, insurance companies mainly rely on factors that are not directly related to the vehicle itself (except for its value). They mainly consider driver characteristics (such as age, gender, marital status, and driving record), the geographic area in which the vehicle is driven, how many miles are traveled, and how the vehicle is used. However, some companies adjust their premiums for personal injury protection and medical payment coverage if the insured vehicle has features that are likely to improve its crashworthiness, or ability to protect occupants from injury or death, such as air bags. Different insurance companies often charge different premiums for the same driver and vehicle. Therefore, to obtain complete information about insurance premiums, you should contact insurance companies or their agents directly.

Test data relating to vehicle crashworthiness is available from NHTSA's 5 Star Safety Ratings program. The program provides comparative information on the safety of new vehicles to assist consumers with vehicle purchasing decisions. Every year, the 5 Star Safety Ratings program rates selected new vehicles for frontal and side crashworthiness and rollover resistance. Beginning in 2010, vehicles that are equipped with three recommended advanced crash avoidance technologies that help drivers avoid crashes and meet the performance requirements set forth under the program are given credit on the agency's Web site, . Information on vehicles that NHTSA has tested under the 5 Star Safety Ratings program can be obtained from a new vehicle's

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price sticker (known as the Monroney label), by calling the agency's toll-free Auto Safety Hotline at 888-327-4236, and through the Web site at .

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Collision Insurance Losses

Model Years 2011 ? 2013 Passenger Motor Vehicles

Micro Cars

Make

2-door models

Smart Smart Scion

Mini Cars

Make

2-door models

Fiat Fiat Mini Mini Mini Mini Mini Toyota

4-door models

Kia Mazda Ford Chevrolet Toyota Hyundai

Station wagons

Honda Kia Ford Hyundai

Sports models

Mazda

Model

ForTwo convertible ForTwo iQ

Model

500 convertible 500 Cooper convertible Cooper Roadster convertible Cooper Clubman Cooper Cooper Coupe Yaris

Rio 2 Fiesta Spark Yaris hatchback Accent

Fit Rio Fiesta Accent

MX-5 Miata convertible

Relative Average Loss Payment per Insured

Vehicle Year

79

59 68 98

Relative Average Loss Payment per Insured

Vehicle Year

89

67 77 79 87 91 95 99 114

113

105 106 108 110 112 113

92

81 95 100 101

79

78

4

Small Cars

Make

2-door models

Volkswagen Hyundai Honda Hyundai Volkswagen Volkswagen Honda Kia Hyundai Honda Volkswagen Scion Subaru Volkswagen Scion

4-door models

Chevrolet Nissan Hyundai Honda Acura Honda Toyota Hyundai Volkswagen Nissan Chevrolet Subaru Dodge Nissan Honda Mazda Chevrolet Kia Mitsubishi Honda Ford Toyota Nissan Toyota Nissan Volkswagen Toyota

Model

New Beetle Convertible Veloster turbo Civic Veloster Golf New Beetle CR-Z hybrid Forte Elantra Civic Si GTI tC BRZ Golf R 4WD FR-S

Cruze Leaf electric Elantra GT Civic ILX Civic hybrid Prius hybrid Elantra Golf Juke 4WD Sonic Impreza 4WD Dart Juke Insight hybrid 3 Volt Forte Lancer hatchback Civic Si Focus Prius plug-in hybrid Sentra Corolla Versa GTI Prius C hybrid

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Relative Average Loss Payment per Insured

Vehicle Year

124

81

92

106

109

109

113

115

121

126

137

138

143

181

196

210

107

91

92

94

94

96

100

100

103

103

103

104

104

105

107

107

108

109

110

113

114

116

116

117

119

119

121

123

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