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State Farm Automobile Insurance Premiums Guide
Posted By Jim On 05/17/2005 @ 10:52 am In Insurance,Shopping | 1 Comment
Actuaries get paid a lot of money to figure out how much to charge you for insurance. In fact, when I was going through school my guidance counselor told me I should consider a career in “actuarial science” because of my math skills but I told her I wanted to make a quick buck on this “internet” thing. Too bad the “internet” didn’t pan out otherwise I’d be filthy rich. Regardless, someone at Fatwallet posted a link to State Farm’s insurance scorecard (for the lack of a better term) which gives you a really good idea of what to expect when you decide to go insure your car.
The values are what you’d expect – high-demand, “stealable” cars have a “C” rating for DTI while clunky soccer-mom vans usually get an “A” rating. What’s also interesting is to check out the VSD values for various cars. SUVs and vans usually get high discounts (40% is the maximum from State Farm it seems) while your aluminum can cars from Kia and Hyundai get almost nothing, unless it’s a minivan.
My own car, a Toyota Celica, has the absolute worst score possible – “C”s in both LRI and DTI with a 0% discount on VSD! It’s a small sporty car so I’d expect those ratings and those costs. How’s your car stack up?
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