Study Finds Luxury Vehicle Owners More Likely to File Claims
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  • Study Finds Luxury Vehicle Owners More Likely to File Claims

    (Transportation-News.com, May 02, 2013 ) England, UK -- Luxury cars are more likely to be involved in an accident insurance claim than other vehicles, according to the latest from the NRMA.

    Figures have been compiled by the NRMA Insurance that express that luxury sedans had a higher collision frequency of nearly 129% compared to all other vehicle types. Luxury SUVs had a 27% higher collision frequency as well.

    Commercial vans followed in third on the list with a 15% higher frequency of accidents, while utes and trucks were the least likely to be involved in accidents. The vehicles scored a -27% and -37% respectively.

    The research was conducted for a 12 month period ending in March, and was based on the collision-exposure average of all vehicles manufactured between 2003 and 2013.

    NRMA's head of research, Robert McDonald, stated that the findings boiled down to simple driver behavior and attitude. He did not that there is something to be said for having more components to break and a more complicated and delicate paint finish.

    “Complexity is a big thing. It’s not hard to generate a claim on an expensive vehicle,” he said.

    “Components like active cruise control, where a car uses a radar sensor behind the grill which keeps a safe distance from the car in front - the minimum for those radar senses is around $2000 and it’s often the first thing that breaks in a crash.”

    McDonald stated that luxury vehicles were generally identified as being European and priced above the $60,000 mark. Luxury sedans include the most expensive cars available for road-use. Such units include the $229,500 BMW M5.

    “These cars can attract people more interested in performance and can be a bit perkier. That could play a role,” McDonald said.

    “I suspect that it’s generally the bump and grind of Sydney traffic that drives a lot of the collisions though.”

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