Are cheaper or older cars less expensive to insure?

Answered by Car Insurance Expert Mariah on February 22, 2021

I need a new car and I am weighing my options between going for a newer car or going for an older car. Obviously an older car would cost less to buy, but what costs more for insurance?

expert avatar

Mariah

Car Insurance Expert

Typically, the type of coverage requested for cheaper or older vehicles is liability only, which is more affordable. This is because it may not make sense to buy collision or comprehensive coverage if your car is older, and this is especially true if your car’s market value is below or close to your deductible. If you’re not including full coverage in your policy, your premium will be lower.


Car Insurance

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
Gabriella R.
Find savings (100% Free)
stars4.6/5 Rating on App Store