Insurance estimates on these four cars?
Question:
03-05 Acura RSX type S (v4 manual)
01-03 Lexus IS300 (v6 auto)
99 Lexus SC300 (v6 auto)
97 Lexus SC400 (v8 auto)
What do insurance companys look at, the year and price of the car (the moment you bought it)? If so, I would imagine the two bottom lexus's to be the cheapest, but Im not sure, since they have much bigger engines. What do you guys think? Thanks in advance.
Answer:
Here is a list of how cars measure up, which is what insurance companies use to rate cars. It lists which cars are more likely to be stolen ect. and courtesy of the insurance bureau of canada.
http://www.ibc.ca/en/car_insurance/docum...
In each category, 100 is the average rating, so if your car is rated 150, it is 50% above average, or 50 is 50 % below average. Lower numbers are more favorable.
Hope that helps
the 99 lexus sc 300 would prob be the cheapest, due to the fact the is300 and rsx are considered (sport cars) by the insurance company so your insurance is higher, the sc300 is the most reg cars out of these, the sc 400 would prob be low too
go to http://www.geico.com/ and check for yourself
You want to consider these things
Insurance companies factor imformation from government entities for how often this vehicle is in a accident and the severity the accident often is, how long it will remain the shop, cost of repairs.
More Questions & Answers...