IIHS Study Reports Corvette Convertible and Z06 Rated Lowest for Property Damage Claims

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IIHS Study Reports Corvette Z06 and Convertible Rated Lowest in Property Damage Claims
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No one likes having to pay high insurance bills, but the latest status report from the Insurance Institute for Highway Safety offers some good news for Corvette drivers.

For the 2009-11 model years, the Z06 and the Corvette convertible were the lowest among all sports cars rated in the category for property damage (which insures against physical damage caused to other vehicles and property).

The convertible also had the lowest claim frequency for medical payments and bodily injury liability, and the second lowest claim frequency for personal injury protection.

The Insurance Institute tables contain results for hundreds of passenger vehicles grouped by class and size under six insurance coverages: collision, property damage liability, comprehensive, personal injury protection, medical payment and bodily injury.

All results are stated in relative terms, with 100 representing the average for all vehicles under a given coverage type. For example, a result of 122 is 22 percent worse than average, and 96 is 4 percent better than average.

That means, under property damage, the Z06 was much better than average with a score of 23 and the convertible was right behind with a score of 31. Even the base Corvette had an outstanding score of 40, the fourth lowest sports car rating.

The base Corvette had a collision rating of 84, just better than the convertible’s 87 and the Z06’s 98. However, the ZR1 had a poor collision rating of 196.

Of course, it’s all relative. The Ferrari California convertible had a collision rating of 748!

In the tables, vehicles are displayed with others from the same size and class. Similar models can generally be expected to have similar losses. These tables help consumers identify vehicles whose results are substantially better or worse than others like them.

The results are adjusted to reduce possible distortions from other nonvehicle factors – operator age, calendar year, density, gender, marital status, model year, risk (standard or nonstandard), and state.

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