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XC90: Cheapest to Insure Followup

Cheapest to Insure?

This is a followup to Monday’s post Volvo XC90 Least Expensive Car to Insure in US.

I Spoke to my Allstate Agent

I spoke at length today with my Allstate insurance agent Jim Henry here in Denver, a 17-year claim adjuster before becoming an agent, and he was unsure if occupant safety is the biggest factor in keeping insurance rates low. He did say there are far more property payouts (note: the frequency of payments, not the dollar amount of the payouts) for damage to cars than hospital bill compensation, at one time in our conversation estimating — off the cuff — that there are probably 1000 windshield replacement claims (chips or cracks) for every one case involving hospitalization.

XC90 least expensive new automobile to insure?

He was suspect about the XC90’s #1 rating, if for only one reason: Allstate uses 216 factors to determine an insuree’s auto rate. Thus, by juggling those factors around, the XC90 could potentially be the lowest rate to insure, or it may not. It depends on the other 215 factors. Also, are those same factors used in quotes from other insurance companies? Was the comparison apples-to-apples, in other words? I don’t know, and neither did the always-helpful Jim. (A little plug for Mr. Henry here: he’s a heck of a nice guy, and I get — literally — the lowest rates on our two Volvos. Believe me, I like to save money, and I called around. He spent 30 minutes with me on the phone about this XC90 nonsense yesterday, to give you an idea of how helpful he is.)

Methodology: What Was It?

All those questions lead us to wonder how came to its conclusion, and if they would share that with us. I emailed them Friday May 20 at 5pm MST asking about their methodology. I’ll follow up again here at MVS when/if I hear back.

I have a feeling that site is simply one of ten or a hundred or a thousand run by one lead aggregator business, who then sells leads (first name, last name, city, state, zip, make, model, etc.) to the auto insurance companies. I used to be in the same business when I lived in Seattle, but it was for online colleges, not auto insurance. That’s the long way of saying I don’t think I’ll hear back from them, but if I do, I’ll certainly report back.

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