A new car is going to cost more to
insure than an old car on average with the exception being antique vehicles of course.
Not exact matches
Ironically, people who
insure these
cars are also typically required to be more
than 25 years
old — by which time in life few people are accurately described as classic.
Do you need to
insure a brand new SUV or are you looking to
insure an
older car that may not be worth much more
than the coverage itself?
New
cars generally cost more to
insure than do
older model vehicles, unless an
older car delivers high engine performance.
Driving an
older car is going to cost you less for insurance, and driving a large
car with 4 doors is even cheaper to
insure than a sporty
car.
There is a tremendous chance for you to find a company that will
insure your
car for much less
than what you might expect to pay buying coverage the
old - fashioned way.
In almost all cases, your new
car will be worth more
than the
older insured vehicle whose policy you will be relying upon, if only temporarily.
Sports
cars cost more to
insure than older sedans, for example.
Furthermore, someone that drives an
older car will probably want lower limits
than someone who in
insuring a brand new (and expensive) SUV.
If you own an
older car, it could be less expensive to replace the
car after an accident
than to carry collision coverage, but
older cars are typically not
insured with this type of
car insurance.
It would not make sense to pay extra to
insure cars that are more
than three years
old
It's obviously because you are going to
insure your
old car for a much lesser amount
than you would if it were a new
car.
A ten year
old Honda is, of course, less expensive to
insure than a new
car.
Most people would say that
car insurance companies prefer
insuring old cars rather
than new
cars.
Vehicle Mileage, Type and Coverage: It will of course cost you more to
insure a luxury vehicle
than an
old car that's been on the road for ages.
A single man who drives an
older vehicle, for example, may only want a simple Florida
car insurance plan with lower limits
than a family of four that need to
insure their new SUV and sports
car.