Aluminum has lower insurance losses
05-20-2019, 03:53 PM
#1
Senior Member
Thread Starter
Aluminum has lower insurance losses
For those that thought aluminum trucks would be harder to repair and more expensive to insure.
https://www.autoblog.com/2019/05/20/...rance-repairs/
https://www.autoblog.com/2019/05/20/...rance-repairs/
05-20-2019, 04:10 PM
#3
Senior Member
I saw this story this morning that goes into more detail:
https://www.autonews.com/sales/alumi...-costly-repair
Essentially a massive dealer repair training initiative combined with easier to repair design and cheaper parts paid off.
What is interesting is that while repair costs have gone down, collision claims have gone up, so overall losses are unchanged. I wonder if that's more because aluminum is more easily damaged or because performance has increased.
https://www.autonews.com/sales/alumi...-costly-repair
Essentially a massive dealer repair training initiative combined with easier to repair design and cheaper parts paid off.
What is interesting is that while repair costs have gone down, collision claims have gone up, so overall losses are unchanged. I wonder if that's more because aluminum is more easily damaged or because performance has increased.
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LCW (05-20-2019)
05-20-2019, 04:14 PM
#4
Senile member
It hasn't lowered the overall costs, but the cost per repair is lower than expected. Basically, Ford did a LOT of pre-work on education for this and the dividends are paying off, bigtime.
05-20-2019, 04:16 PM
#5
Senior Member
I just wish they could stamp it a bit straighter. It took me a few years to get over the wavy body panels enough to consider one. Even then, I had it in a plus column for Ram and a minus column for the F150. Sad when an FCA product has straighter body panels.
05-20-2019, 04:18 PM
#6
I saw this story this morning that goes into more detail:
https://www.autonews.com/sales/alumi...-costly-repair
Essentially a massive dealer repair training initiative combined with easier to repair design and cheaper parts paid off.
What is interesting is that while repair costs have gone down, collision claims have gone up, so overall losses are unchanged. I wonder if that's more because aluminum is more easily damaged or because performance has increased.
https://www.autonews.com/sales/alumi...-costly-repair
Essentially a massive dealer repair training initiative combined with easier to repair design and cheaper parts paid off.
What is interesting is that while repair costs have gone down, collision claims have gone up, so overall losses are unchanged. I wonder if that's more because aluminum is more easily damaged or because performance has increased.
05-20-2019, 04:42 PM
#7
Senior Member
Insurance cost is higher with an alum. body. Mine went down $106 from a f150 to a ram. Not all that decrease was probably related to alum, but I suspect a great deal did.
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05-20-2019, 04:47 PM
#8
Senior Member
I bet more of it had to do with cost of replacement after a year - being that rams are often cheaper than F150's. You know a part of your insurnace cost is the cost of total replacement. The high residual of the F150 tends to hurt it's insurnace costs.
also you always get a discount for owning a newer car. Always - even if it's the same car.
also you always get a discount for owning a newer car. Always - even if it's the same car.
05-20-2019, 04:59 PM
#9
Senior Member
Rams are also considerably slower. Maybe performance is taken into consideration? I've been to the dragstrip a few times over the past year. See a fair amount of F150's there, but haven't seen a '19 Ram.
05-20-2019, 08:06 PM
#10
I bet more of it had to do with cost of replacement after a year - being that rams are often cheaper than F150's. You know a part of your insurnace cost is the cost of total replacement. The high residual of the F150 tends to hurt it's insurnace costs.
also you always get a discount for owning a newer car. Always - even if it's the same car.
also you always get a discount for owning a newer car. Always - even if it's the same car.
All of the above and then some. Number of vehicles sold also plays a factor as it is a higher risk for that particular model when there are more of them. The 16 was a bit higher than the 14, and the 18 is slightly higher than the 16 was. They factor in HP along with other features to determine risk.
This reminds me of all the hoopla over Hybrid batteries that never panned out.
