How Safety Ratings Of Vehicles Affect Insurance Rates

Insurance Blog

If you have car insurance right now, you are probably aware of most of the factors that can affect your car rates; however, did you realize that a vehicle's safety ratings affect the rates you pay? A lot of people do not realize this, but it is true. Every vehicle has safety ratings, and the ratings your car has can make your rates go up or down, depending on the ratings.

Why safety ratings matter

Safety ratings refer to how safe a vehicle is when it gets involved in any type of accident. Cars with great safety ratings are safer for you to ride in. If you get in an accident, you are less likely to get injured, or your injuries are likely to be less severe. On the other hand, if you drive a car with poor safety ratings, you are more likely to get injured severely from the same type of accident.

This matters to insurance companies because the effects of a car accident will affect how much money the company pays out for claims. When people get injured severely, the insurance companies must pay out a lot more money than they would for people with just minor injuries. Insurance companies look up safety ratings of vehicles when offering quotes, and they will factor in the car's safety ratings when calculating a quote for a person.

How safety ratings are performed and calculated

Various organizations perform and calculate safety ratings, and they do this in a number of different ways. The two main things these organizations care about are prevention of accidents and crash performance. Prevention of accidents refers to how well cars handle when swerving and things like that. Crash performance refers to how well a car holds up when it crashes.

The good news is that you can look up safety ratings to find out what the ratings are on your car. A lot of people also look up these ratings before buying a car for several reasons. The first reason is to choose a car that is safe to drive. Secondly, people do this to save money on insurance.

If you are interested in the safety ratings of your car, you can look them up or talk to your insurance company about them. If you are interested in getting a free car insurance quote for your vehicle, contact an auto insurance company, such as Lanham Insurance Agency, of your choice today. 


13 December 2017

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