Insurance costs vary by type of vehicle, driver, and coverage amounts. Using data from multiple insurance industry sources, we estimate insurance costs for each vehicle in our analysis set. We have developed the standard profile that follows to enable effective comparisons.
|
VARIABLES
|
DATA FACTORS |
|
TYPE OF COVERAGE
|
PROFILE
|
|
Driver Age
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Under 65
|
|
Driving Record
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15 years of experience with no chargeable accidents
|
|
Home Location
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Suburban/Urban
|
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Discounts
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Passive restraint and Anti theft
|
|
Type of Use
|
Business
|
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Collision
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$500 Deductible
|
|
Comprehensive
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$500 Deductible
|
|
Personal liability
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$100,000/$300,000
|
|
Medical
|
$25,000
|
|
Property
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$100,000
|
|
Uninsured/Underinsured driver
|
$25,000/$50,000
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