Your insurance agent likely prefers you drive a Corvette instead of a Mitsubishi Lancer. That's because, according to the IIHS, Lancer owners report the highest relative insurance losses. Corvette owners? The lowest. Here are the ten biggest insurance losers.
The Insurance Institute for Highway Safety compiled data for vehicles in the years 2007 to 2009 in major insurance categories (collision, property damage liability, comprehensive, personal injury, medical payments, bodily injury liability) and combined them to determine what vehicles were worse and better than average. Surprisingly, the three best overall vehicles were the Chevy Corvette Convertible, Mazda MX-5 Miata, and the hardtop Chevrolet Corvette.
Despite the prejudice against these vehicles and their owners (both generally and with insurance premiums), people who own these kinds of cars don't crash them or cause serious injuries to others as frequently as other owners according to the data. Other results are fairly obvious, like people who wreck Maserati Quattroporte report collisions losses 3.68 times higher than average and medical payments are twice as high for people involved in crashes with subcompacts like the Kia Rio, Kia Spectra, and Chevy Aveo.
Below, the ten worst vehicles overall and the reason why they're the most expensive (relative) for insurance companies between 2007 and 2009. The full list of models from 2004 to 2006 can be found at the IIHS website.
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