Press Release
Allstate Announces Release of Car Insurance Costs
10/29/96
Allstate Releases List of Which Cars are the Most and Least Expensive to Insure NORTHBROOK, Ill., Oct. 25 -- In the market for a new car? Before you finish kicking the tires, you may want to look into the cost of auto insurance. Allstate's annual guide to car insurance, the Make and Model Rating Program, lists approximately 200 car models sold in the U.S. and details which cost more to insure and which cost less. Domestic car makers dominate the preferred categories in Allstate's analysis which is based on the company's claims experience and vehicle evaluations conducted by its Tech-Cor auto research subsidiary. For 20 years Tech-Cor has provided auto repair shops with information on efficient new repair techniques, notifying foreign and domestic auto manufactures of its findings to help them simplify repair processes and contain labor costs. Among the vehicles listed as "better than average" insurance values are the Chevrolet Corsica, the Chrysler Concord and the Buick Park Avenue. Other "better than average" insurance values among foreign car makers include the Nissan Quest, Toyota Previa and BMW's 740 series. "This rating information is extremely valuable to consumers who plan to buy a new car," said Robert W. Gary, Allstate president, personal property and casualty. "By knowing how cars are rated, consumers are able to factor in the cost of insurance as part of a car's total operating costs." Among the vehicles listed as "worse than average" insurance values are the Honda Civic, the Acura Integra and the Mitsubishi Eclipse. Tech-Cor auto engineers work with car makers to analyze how easily a vehicle is damaged in an accident, the likely cost of repair, and the car's resistance to theft or break-in. If a car performs well in those areas, it will cost less than the standard rate level for collision and comprehensive coverages. The Allstate Guide also includes information on auto safety features such as air bags and anti-lock brakes. In most states consumers can save money on insurance premiums by buying cars with these safety features. Allstate Insurance Company is the nation's largest publicly held property and casualty insurance company, with more than 20 million customers and approximately 14,500 full-time agents in the U.S. and Canada. Allstate is also a major life insurer.