Topic: Insurance Rates For 2015 F-150 Set To Climb

[Autos_Editor]

New aluminum construction could make repairs tricky, says Automotive Service Association chairman

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[Seafoam]

New aluminum construction could make repairs tricky, says Automotive Service Association chairman

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Maybe that will put a dent in sales. Doubt it people love there trucks.
Trying to save gas is becoming expensive.

[Fobroader]

If the fuel savings is enough, most wont notice the difference in insurance.

[wing]

Most people won't know it's aluminum until they crash it

[MarkStevenson]

More auto body shops will tool up for aluminum work once the F-150 goes into production. You don't want to lose out on business because you can't work on the best selling truck* in recent history.

* depending on how you count it

[Sir Osis of Liver]

More expensive collision repairs, fewer rust repairs. Long term, I'm not sure if this will be a big deal or not.

[tooscoops]

Maybe that will put a dent in sales.

no pun intended?

i would think it will all come out in the wash. spend some to save some to have to spend a premium on something that should happen less often............ make sense?

i think the bottom line for total cost of ownership will hardly be affected. but it could change some spending at some body shops to become your local al-u-min-i-um repair shop.

[me_2]

I wished my Volt has same type of polymer body panels my Saturn's have (and EV1 had), if you got small "dent" or broken after being smashed really hard, pop it out and replace it!

The all aluminum Tesla would push further body shop, in addition of the new F150 to handle this material on a long term basis..

[Ex-airbalancer]

http://news.pickuptrucks.com/2014/01/new-ford-f-150-owners-face-higher-insurance-repair-costs.html

[johngenx]

There will be a lag until body shops get better equipped to deal with aluminum panels.  Then the premium won't be so bad thanks to the large volume of F150s.  Right now cars like certain Audis and the NSX can cost HUGE SUMS to have repaired.

The Miata has an aluminum hood but insurance is still cheap as the hood is typically replaced when damaged and is actually not horrifically expensive.  Volume works.

[rrocket]

There's already a couple places here doing aluminum repairs.

Won't be a biggie IMO...And most of the dents won't be able to be pulled (aluminum likes to tear), so it will likely be panel replacement...something any body shop can do.

[Ex-airbalancer]

There will be a lag until body shops get better equipped to deal with aluminum panels.  Then the premium won't be so bad thanks to the large volume of F150s.  Right now cars like certain Audis and the NSX can cost HUGE SUMS to have repaired.

The Miata has an aluminum hood but insurance is still cheap as the hood is typically replaced when damaged and is actually not horrifically expensive.  Volume works.

So does the Prius

[tooscoops]

i would think used trucks will just have some more dents on em. we (and every lot out there) has a "dent guy" who goes around and fixes probably 5-20 dents a month on a lot. if these guys can't fix the dent, and the panel has to be replaced, either the trade in value on a dented piece will drop to cover new panels, or the truck will just be sold with speed dents.

[Thinking Out Loud]

i would think used trucks will just have some more dents on em. we (and every lot out there) has a "dent guy" who goes around and fixes probably 5-20 dents a month on a lot. if these guys can't fix the dent, and the panel has to be replaced, either the trade in value on a dented piece will drop to cover new panels, or the truck will just be sold with speed dents.

Didn't Mythbusters prove that the golf-ball like dimples on a car reduced drag?   

10% insurance increase in the article....I think my Wrangler in Mississauga is like $1,200 full coverage at most.  10% of the TOTAL premium = $120.

10% of the PHYSICAL DAMAGE  & COLLISION premium - the part that covers the car itself - is maybe only $450 of the $1,200, so the coverage that would REALLY ONLY go up is 10% or $45.

That is either ONE fill up or more accurately for the correct premium increase 1/5th of a tank of gas on this beast.  Either way, Big Whoop.

Most people trading in their 48 month leased Dodge Rams (just kidding tooscoops) for a new F150 won't even notice the difference. New (comparable) cars cost more in insurance anyway.

[ArticSteve]

This is another wait and see story.  However, an estimate of 10% increase in the US can hardly be extrapolated to what may occur in Ontario where rates are DOUBLE many US STATES with inferior coverage (Ontario).

As 2scoops mentioned, wholesale prices may take a significant hit if the dent guys can't work on these units.  $200 repair turns into a $2K repair or more.

[johngenx]

No matter what happens insurance companies are preparing to bend folks over....

[Thinking Out Loud]

This is another wait and see story.  However, an estimate of 10% increase in the US can hardly be extrapolated to what may occur in Ontario where rates are DOUBLE many US STATES with inferior coverage (Ontario).

As 2scoops mentioned, wholesale prices may take a significant hit if the dent guys can't work on these units.  $200 repair turns into a $2K repair or more.

I have not followed this - is the cargo bed aluminum (WTF?), or just the cab/chassis?  Most REAL F150's that are on construction duty with fleets or owned by contractors look like beat up piles of *^&(&(* even after 12 months of service - dented gates, twisted bumpers, grills missing....are we talking about damage in the local shopping plaza backing out of a space that it didn't fit into?    

[Thinking Out Loud]

This is another wait and see story.  However, an estimate of 10% increase in the US can hardly be extrapolated to what may occur in Ontario where rates are DOUBLE many US STATES with inferior coverage (Ontario).

As 2scoops mentioned, wholesale prices may take a significant hit if the dent guys can't work on these units.  $200 repair turns into a $2K repair or more.

No matter what happens insurance companies are preparing to bend folks over....

Yes, you are correct.  People who drive vehicles that are 10x more expensive to repair are obviously entitled to a DISCOUNT.      The delta on the premium is not 10x the cost of insuring a steel vehicle, it's pennies a day.

People can buy a RAM or a SilverCanyonero and pocket the premium $45 savings (or maybe a $100) with a Starbucks coffee card with three lattes. Or an Esso Gas card.

[johngenx]

All I know is that if I have a "high risk" vehicle, or one that costs more to repair, then I have to pay more.  But, if I don't have one of those vehicles, I'm told that because of all those high risk/expensive vehicles, I have to pay more.  I can't ever recall being on the good side of the equation.

In Alberta, homeowners that live in high risk areas are told they have to pay much higher insurance premiums.  But, my insurance has risen dramatically too thanks to all those high-risk-area homes that are damaged.  Which way should it be?  Could it be that we pool everyone in together and just share the entire risk, or segregate certain groups?  We seem to be doing both.

[rrocket]

All I know is that if I have a "high risk" vehicle, or one that costs more to repair, then I have to pay more.  But, if I don't have one of those vehicles, I'm told that because of all those high risk/expensive vehicles, I have to pay more.  I can't ever recall being on the good side of the equation.

In Alberta, homeowners that live in high risk areas are told they have to pay much higher insurance premiums.  But, my insurance has risen dramatically too thanks to all those high-risk-area homes that are damaged.  Which way should it be?  Could it be that we pool everyone in together and just share the entire risk, or segregate certain groups?  We seem to be doing both.

Well have to wait for the IIHS crash testing.  They have been accused in the past of cooking the books on crash testing for high volume vehicles.