View Full Version : auto insurance question
01-19-2010, 02:27 AM
I am trying to look for the insurance quote from TD bank. I am surprising that the quote for 2007 335i is cheaper than the one for 2007 328i. Is sth going on here or else ?. Does anyone has an idea ??????
^ Correct. I got the same thing. Also '07 335 cheaper than a '06 330ci.
01-19-2010, 10:50 AM
Every vehicle is categorized by claims experience and given what is called a vehicle rate group. Typically 3 numbers representing: injury costs, repair costs, & theft/vandalism risk.
Logic does NOT apply here. Some Porsches are cheaper to insure than a civic si. :eek: VW and hondas get horrible ratings, volvos and subarus get the best. Even though the latter are more expensive to repair, they are cheaper to insure.
When I was shopping for my car, initially I was looking at a ford escort zx2. Then what was to become my 328i came up and was actually a few hundred cheaper to insure. Made my decision easy :)
01-19-2010, 11:00 AM
Safety issues, claim incidents, etc, etc affect insurance premiums. It's more than just HP and model year.
Same thing happened to me when I switched from a 96 328i to a 2001 330Ci. Went to a car with more power, fewer doors and newer (obviously) and my premiums dropped several hundreds/yr compared to the E36! That was a pleasant surprise, lol.
01-19-2010, 12:27 PM
Ok now I know I am on the right track now.
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