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I was at a birthday dinner the other night, sitting across from with a a career insurance agent. She said the tables her company uses to assign risk are a lot more complicated than anyone gives them credit for.
I didn't get all the details, but she said cost of repair is one small component. Her main point was the injuries index is weighted much higher, since medical claims are huge $$ when compared to the property damage portion. If it's an older car like my tuna can Metro, they just 'total' it and send me a check, the injuriy part of the claim is their largest liability (read:money looser). I think I understand a little better.
She went on to say cars that have the 'uni-sled system' where the engine and trans are designed to slide under the passenger compartment in a front end collision get the best ratings and lower premiums, but then again it's offset by the higher repair costs of a Mercedes, for instance.
I need to invest in big oil and insurance company stocks... then just look at my profits as a 'rebate' <eyes rolling...>
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