When you buy collision coverage for your car you are covered for damages that your vehicle will sustain in the event of an accident. As with most types of auto insurance, there are many factors that determine the premium that you end up paying. Your previous driving history, the state in which you live, your age, and gender are all factored in when insurance companies are determining your insurance premium. When buying collision insurance, the claim frequency is one of the two major factors considered, the other being the cost per payment.
With a relative claim frequency of 74, 2-door micro cars have the lowest claim frequencies of all 2-door cars. A relative claim frequency of 100 represents the average for cars of all sizes and models between 2010 and 2012. 2-door micro cars have the lowest relative claim frequency 74. Small, medium and large 2-door cars have relative claim frequencies much higher than the average. For instance, the Dodge Challenger, which is classified as a large 2-door, has a relative claim frequency of 129.
Not only is the relative claim frequency for 2-micro cars low but the loss per claim is also low. Here again, a score of 100 represents the average loss per claim for cars of all sizes and models. When this measure is taken into account, 2-micro cars score an excellent score of 74 which denotes that the loss per claim is low. In fact, it is the lowest for all cars regardless of size or category. When compared to luxury cars, which have a loss per claim score of 194, the cost of each claim involving a 2-door micro is very low.
What all this means when it comes to buying collision coverage for your car is that the 2-door micro cars are likely to cost less than most other types of cars. So if you are in the market for a new car, consider a 2-door micro as you will be able to save substantial amounts on insurance.