Car insurance- It's $300 less per year to insure a Mazda3 than a Hyundai Elantra GLS?

[JEDI]

I have Nationwide insurance. i used VIN #'s to get quotes. They said as long as i have the same options, regardless of color, the quote will be valid.

Invoice price of the Mazda3i automatic with A/C and power everything is $16k.
Invoice (before rebates) for the Elantra GLS Hatchback automatic is $14k.

How the heck does full coverage on a cheaper car cost $300 more per year to insure?!

 

[Rallispec]

safety features the same?

 

[njmodi]

Insurances rates are not solely dependent on the actual car value. Attributes like likelihood of theft, cost/availability of replacement parts, number of doors, safety options/rating play a big role too.

 

[funboy6942]

Originally posted by: JEDI
I have Nationwide insurance. i used VIN #'s to get quotes. They said as long as i have the same options, regardless of color, the quote will be valid.

Invoice price of the Mazda3i automatic with A/C and power everything is $16k.
Invoice (before rebates) for the Elantra GLS Hatchback automatic is $14k.

How the heck does full coverage on a cheaper car cost $300 more per year to insure?!

Zoom Zoom Zoom
Most likely to happen more in the Mazda then the Hyundai and Mazda is geared more towards kids hence costs more. Like a Camero with a v6 vs one with a v-8. The v-8 one is tripple to insure.

 

[car3]

nationwide is on yo side

 

[mrchan]

With equivalent safety options, the Mazda is probably safer. Might be stolen less often?

 

[JEDI]

i'm pretty sure the mazda3 is stolen more than the elantra. the zoom-zoom thing would lead me to believe that it gets into more accidents than the elantra.

but the elantra has worst crash tests

 

[StageLeft]

Probably because poor people are more likely to drive the hyundai and then commit fraud and/or drive badly.

 

[43st]

Reading comprehension anyone?

EDIT: My Mazda3 with comprehensive was actually $20 more per month than my old 1993 626 with liability only. Figure that one out.

 

[LordUnum]

Originally posted by: Skoorb
Probably because poor people are more likely to drive the hyundai and then commit fraud and/or drive badly.

I didn't know when presented with such choices that the downtrodden and criminals would be by and large the ones to 'settle' for a $14k Hyundai while only the upper-crust and 'do-gooders' would absolutely have to go balls out to spring for a $16k Mazda. So, any stats to back your assertion up? Or is this merely the perpetuation of some old stereotype? :roll:



BTW, on safety...

Hyundai Elantra Crash Test Results:

NHTSA Ratings
Passenger: Good
Driver: Good
Side Impact Front: Average
Side Impact Rear: Average
Rollover Rating: Good
NHTSA: Excellent, Good, Average, Poor, Very Poor, Not Tested

IIHS Ratings
Crash Offset: Good
Bumper Bash: Not Tested
IIHS: Good, Acceptable, Marginal, Poor, Not Tested

Mazda 3 Crash Test Results:

NHTSA Ratings
Passenger: Good
Driver: Excellent
Side Impact Front: Excellent
Side Impact Rear: Good
Rollover Rating: Good
NHTSA: Excellent, Good, Average, Poor, Very Poor, Not Tested

IIHS Ratings
Crash Offset: Poor
Bumper Bash: Good
IIHS: Good, Acceptable, Marginal, Poor, Not Tested

I wouldn't say this qualifies the Elantra as having the 'worst crash tests.' I should know as I've been witness to my father's (and my former) '96 Elantra's crumple zones and passenger compartments holding up well on more than one occasion. :Q

I imagine Hyundai's taken only positive strides in the safety department since '96.

 

[StageLeft]

So, any stats to back your assertion up? Or is this merely the perpetuation of some old stereotype?

The second part

 

[JulesMaximus]

Many times a car can become a higher risk simply because of the number of claims and how expensive it is to repair.