I just received my insurance bill in the mail today. It seems that it costs me $48.00 less per year to insure our "04" 6 spd. Crossfire, than it does to insure our "04" Honda Civic EX automatic coupe.
Now I'm pretty sure the XF stickered out for nearly twice as much as the Civic. I would presume, part for part, the Crossfire would be more expensive to repair. Even as bad as the resale is on the Crossfire, I'm sure the Honda is less. So I wonder why the Honda still cost more to insure? (Maybe it's because more Hondas are stolen than Crossfires.)

 

Aren't insurance rates partially based on the number of specific type cars involved in accidents? The rate of theft is a lower common denominator than cost of accident repairs. There was no real change in our rates when we went from an `84 Mazda RX 7 to an `04 Crossfire.

John

 

Insurance Weirdness... My insurance went up $100 a year from what I was paying on my interim car - Ford Focus. I was so shocked I ask the company three times during various phone conversations. Yes, the bill came in as they said. Shrug...

 

Mike - Hondas are at the top of the most stolen car lists in most states.
I just did a Prius in the place of a Lexus top of the line SUV. I told the customer "oh its gotta be cheaper"...dummy me, it was actually more to insure than the Lexus. There are so many factors that make up insurance rates it would scare you. Call me with questions.

Pat

 

Theft is certainly one reason. Honda Civics are often near the top of the lists for stolen cars. Second, the Civic coupe has a relative average loss payment
per insured vehicle year that is 1.5 times the average vehicle for 2002-2004 model years according to the Highway Loss Data Institute. The Crossfire's average loss payment is 1.21 times the average vehicle, which makes its insurance cost relatively lower than the Civic Coupe, and very few Crossfires will ever be stolen since they are practically giving them away, LOL. The Civic sedan costs significantly less than the coupe to insure.

 

Rob M, It's funny, I was thinking the same thing about how the dealers are practically giving em away so why steal one?
I wonder if there actually have been any Crossfires stolen?
I kind of thought the Civic sedan would cost less to insure, that's why I mentioned that we have a coupe. Actually, we have an 02 Civic coupe also, and it cost $34 less per year to insure than the Crossfire. (Of course it's only an LX, and it's 2 years older.)


To Patpur, thanks for the heads up, and you're 100% correct, I'm "scared" everytime I get an envelope with a "Nationwide" logo on it. LOL!

I guess we all hate having to pay for insurance, but it sure comes in handy when we need it.