Insurance change for RAV?

[avs]

As the car ages, insurance tend to go up. Maybe there're more claim for the particular yr of the rav4?

[CanuckRAV4]

Originally Posted by avs

As the car ages, insurance tend to go up. Maybe there're more claim for the particular yr of the rav4?

I think the inverse maybe true - as the car ages, the insurance premium should go down as a total cost to the consumer. Collision portion may go down while liability will always go up at rate of inflation (or more). In this case, any significant crash test information that implies potentially higher payout frequency/cost could affects the liability portion of the premium.

Insurance companies tend to write-off older vehicles instead of repairing it. I'm pretty sure they compensate you for write-off is lower than the potential repairs cost if they were to repair it.

Just my $0.02

[ravenuer]

Originally Posted by avs

As the car ages, insurance tend to go up. Maybe there're more claim for the particular yr of the rav4?

I keep my cars a long time and my insurance premiums have always gone down. Of course having an accident changes the picture.

[tankd0g]

Originally Posted by CanuckRAV4

I think the inverse maybe true - as the car ages, the insurance premium should go down as a total cost to the consumer. Collision portion may go down while liability will always go up at rate of inflation (or more). In this case, any significant crash test information that implies potentially higher payout frequency/cost could affects the liability portion of the premium.

Insurance companies tend to write-off older vehicles instead of repairing it. I'm pretty sure they compensate you for write-off is lower than the potential repairs cost if they were to repair it.

Just my $0.02

The liability goes up because older vehicles tend to cause more at fault accidents, especially in states with no yearly mandatory vehicle inspection. I don't think crash testing even factors into liability insurance.

[nelly1]

1) I have The Hartford automobile insuranceand I haven’t heard of such a thing. But then again, maybe it’s best if you call your agency and get more information.