Forum Discussion
Fordlover
Jul 24, 2015Explorer
TomHaycraft wrote:
I'm curious, how this (in general) is affecting insurance premiums for this line of vehicles.
One issue is that there is no comparison to what a steel bodied truck would cost to repair.
If the 2014 F-150 with identical damage would cost 500 dollars to repair, obviously that is a massive difference. If the 2014 would cost 16,000 to repair, the difference would be inconsequential for insurance rates.
It's just a guess, but with that big of a repair bill, I bet this involved significant interior repairs as well. new headliner, glass, seat headrests, electronics, who knows.
Insurance companies will be able to measure their spend on 2015 vs 2014 trucks over a set period, and determine if the 2015's warrant higher premiums. A tail light used to be 20 bucks when it got smashed, now they are in the hundreds because they are LED or have traffic sensors embedded in them.
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