Is it more expensive to insure a new or old car

Is it more expensive to insure a new or old car?

One of the common questions people ask when they are shopping for a new car is “will my insurance rates go up if I buy a new car?”

The answer to this question is not as simple as a yes or no. In order to determine if it will be more expensive to insure a new or old car, there are several factors that need to be considered.

The first factor is the type of car you are insuring. Generally speaking, luxury cars and sports cars will cost more to insure than economy cars. This is because these types of vehicles are more likely to be involved in an accident and they also tend to have higher repair costs. If you are insuring a newer model luxury car or sports car, you can expect your rates to be even higher than if you were insuring an older model of the same vehicle.

Another factor that affects insurance rates is the safety features of the vehicle. Cars with certain safety features such as airbags and anti-lock brakes tend to cost less to insure than those without these features. If you are buying a new car, make sure to check what safety features it has before making your purchase so that you can get an accurate quote from your insurer.

Finally, another thing that can affect your insurance rates is where you live and park your vehicle overnight . If you live in an urban area with high crime rates, you can expect your premiums will be higher than someone who lives in rural areas with low crime rate. Also, if parking garage rather then on street this could result lower premium.


Auto insurance rates are based on many factors, including the vehicle being insured.

When insuring a new car, there are a few things you need to know in order to get the best rate.

The first thing you need to know is that car insurance companies use different methods to determine rates for new and used cars. For new cars, they use the car’s sticker price, replacement cost, and safety features as the basis for rates.

For used cars, they use the vehicle’s Kelley Blue Book value and its age, among other factors.

This means that insuring a new car is going to be more expensive than insuring an older car.

However, there are ways to save money when insuring a new car. One way is to get a higher deductible. The higher the deductible, the lower the monthly premium.

Another way to save money is to choose a car that is less expensive to insure. SUV’s, for example, are typically more expensive to insure than sedans.


When deciding whether to purchase a new or used car, insurance costs are an important factor to consider.

In general, it is more expensive to insure a new car than an old car. Newer cars cost more to repair or replace than older cars, so they generally result in higher insurance premiums. In addition, new cars are often stolen more often than older cars, which also contributes to higher insurance rates. However, there are some exceptions to this general rule. For example, used cars that are very old or have a high Kelley Blue Book value may actually be more expensive to insure than newer cars. Ultimately, the best way to determine which type of car will be more expensive to insure is to get quotes from several different insurance companies.

If you are in the market for a new car, be sure to do your research and get multiple quotes before you make a decision. By doing this, you will be sure to get the best rate possible.

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