is it true that the larger the car engine, the higher the insurance group? Why ?

Question

comparing the two aspects.

Answer 1

insurance goes on how fast cost of the car and how safe it is not just the size of the engine

Answer 2

This is not necessarily true. In most states it has more to do with the driver. Now I will admit that the larger engine plays a part just like if you had a car that had a racing engine in it. There is a higher risk of a speed related accident, you know the need for speed thing. Anyway, there are a number of factors that come into play when purchasing insurance like your age- the older you are the better, especially if you are male. Your driving record, you will get a better price if you've had no tickets, no accidents. How far the vehicle will be driven daily also comes into account. The further the car goes on a daily basis, the more likely it is to get into an accident. So the engine size just plays a small part in the price of insurance. If you want to hear something truly stupid; some insurance companies base your insurance rate on your credit! Now what does that have to do with driving?! Hope this info helps.

Answer 3

There are several ways in which insurance companies justify higher premiums for larger engines.

Fitstly, a larger engine is usually more powerful and capable of propelling the vehicle at higher speed. People who buy cars with larger engines usually do so because of this fact, and are statistically likely to be travelling at higher speeds. If involved in an incident, higher speed normally means more damage and less likelyhood of avoidance.

Secondly, the larger engined variants tend to be the flagship models, which are more expensive to replace, and have more costly components. This increases the ammount the insurance company has to shell out in the event of an incident.

Lastly, and often overlooked is that larger engined vehicles are often harder to control in adverse weather conditions, when accidents are most likely. Driving a Porsche 911 in wet weather you are more likely to loose control than driving a 1.1 Vauxhall Corsa. The same applies to for instance the difference between a 1.8L and 3.2L v6 Vauxhall Vectra, the V6 is much more likely to break traction due to the massive surpless of torque available to the wheels.

For this reason the insurance company quite rightly deems that if you drive a higher performance or larger engined derivative of a vehicle, you are not only significantly more likely to cost them money following a claim, bus also very likely to cost them significantly more than your tiny engined base model driving peer.

Answer 4

No, not really, although in some cases it looks like it does to the casual observer. For example, when the wind blows, the flag waves, but you can't say "waving flags make the wind."

More expensive vehicles cost more to insure, and more expensive vehicles tend to have larger engines, but it's the cost of repairs, not the engine size.

If, however you get down to a very small car with a very small engine, it might actually cost more based on safety factors than a larger car with a bigger engine.

Answer 5

ratings for a group of vehicles is based on exposure..... exposure is the greatest amount that can be paid under a policy...... exposures are different for different coverages - liability only is based soley on the drivers info - as the only exposure is liability (another party's damages caused by insured) and you can kill someone just as dead with a 68 volkswagen as you can a brand new corvette.......but if liability is the only exposure the insurance company has they dont care about the insured's vehicle...... when it comes to property damage (comprehensive and collision) the exposure is based on "replacing" the insured's vehicle and premiums are adjusted accordingly.... if the vehicle is equipped with better safety equipment (side air bags, 4 wheel anti-lock brakes, etc) these things are considered on liability and property damage exposure, not to mention the industry's experience and research with that particular vehicle..... gosh, there are a zillion variables that go into the rating of an insurance policy..... i hope this helped.....

Answer 6

not neccesary.. it depends on how much power the engine develops..so in other other words.. the faster it is the higher the insurance group. there are other factors that determine insurance groups as well for e.g. how easy it is to repair the body work if it's involved in a crash.

Answer 7

The insurance group depends upon the inherant safety,the cost of repair and of course the performance of the vehicle.

Answer 8

Fairly true. Bigger engines make more power which gives a higher potential for a speed related accident.

Answer 9

The bigger the engine , the more expensive the car, meaning if you right it off the insurance company has to pay out more.

Answer 10

Because it's more powerful and if not driven without care could become out of control! Causing accidents so insurance is higher!