Jim Carrey: I am thinking of buying a Honda Accord, but when I compare the auto insurance rates I find that the rates are very high? What insurance should I go for?

Response: It is good that you are comparing the auto insurance rates online or review car insurance coverage since this is one of the easiest way to get low auto insurance quote. Let me explain why the comprehensive insurance rates for this particular model are high since this vehicle has been found more prone to theft.This is becasue insurance companies base their rates on the statastical data that they collect and also the claims experience of the insurance industry as a whole. Here are the details of the report .
“The 1994 Honda Accord ranked as the most stolen vehicle in the United States in 2008, according to the National Insurance Crime Bureau’s (NICB) “Hot Wheels 2009” report.
At the same time, the NICB said that the preliminary 2008 FBI Uniform Crime Report shows vehicle theft is on pace to decrease by 13.1 percent compared to 2007.
If the projection holds, 2008 would be the fifth consecutive year of declining vehicle thefts. NICB said if that trend continues, total thefts for 2008 would be below 1 million vehicles—a 20-year low.
Following the 1994 Accord on the list of most stolen vehicles were:

  • 1995 Honda Civic
  • 1989 Toyota Camry
  • 1997 Ford F-150 Pickup
  • 2004 Dodge Ram Pickup
  • 2000 Dodge Caravan
  • 1996 Jeep Cherokee/Grand Cherokee
  • 1994 Acura Integra
  • 1999 Ford Taurus
  • 2002 Ford Explorer

    • Last year, the 1995 Civic was the most stolen car, and the 1994 Accord did not crack the top 10.”
    According to the NICB said certain models of older cars and trucks are popular with thieves because of the value of their parts.“Frequently, the parts can be stripped from a car at a chop shop and sold for at least twice as much as the value of the vehicle on the used car market,” the NICB said.
    If you have not bought the car go for another model. If your car is less than 10 years old then you should go for a comprehensive coverage. Please compare the auto insurance quotes online here and am sure you will come up with a good deal.

    Thanks

    Kamlesh

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