[davewritescode]

Then you were being ripped off on the BMW.

The cost of insurance is more related to how often certain cars get into accidents or get stolen and then adjusted for he driving record of the person driving the car. It has almost nothing to do with repair costs of the car itself.

Source: a Mustang GT costs more money to insure for me than a Mercedes C63 AMG. Repair costs on the AMG are borderline criminal and yet according to the actuaries it’s a lower risk.

[beat]

Which sort of suggests something I was thinking earlier... that the autopilot features of Teslas are significantly reducing the number of accidents.

[tomatocracy]

Or, much more likely, that the average person who buys a Mustang GT drives ina much more accident-prone (and a much more expensive accident-prone) manner than the type of person who buys a Tesla.

A very large (and the most variable) part of the actuarial cost of car insurance is third party liability, not the liability the insurer takes on for repairs to your own car or fire/theft.

The difference between insuring a 19-year old man and a 55-year old woman on the same car is huge.