Quote:
Originally Posted by LuvMyE92
Theoretically this will marginally lower our insurance costs for this car in the USA. Theoretically.  |
Wish it did, but it doesn't. The cost to insurance companies is in the cost of accident repair. Bodywork and parts replacement costs and the statistics of a given model/brand in respect to car theft are the main cost factors in respect to insurance premiums.
Medical costs and related liabilities are capped by the coverage amount. Those costs can be subjective depending on litigation (a car's safety withstanding.) A civil suit is then brought on against the owner/party responsible when those caps are reached (that's why a high liability amount is more important than anything else in having an insurance policy, imho.)