Which cars are more expensive to insure?
I am a new driver and am trying to decide on a new car. I am looking at a 2001 Pontiac Firebird and a 2003 Ford Taurus. Will the insurance on the Firebird be really expensive compared to the Ford?
Answer provided by
Answered on Apr 13, 2021
“Welcome to the world of driving! (And paying for insurance!) The most substantial factor that will impact your insurance rate will be your limited driving experience, regardless of the car you choose.
That being said, the insurance company will view the Firebird as a higher risk to insure than the Taurus due to the vehicle’s increased performance capabilities.
If the insurance cost is going to be your deciding factor, the easiest thing to do would be to get insurance quotes for both vehicles with many carriers. This will allow you to compare rates and find the cheapest policy.
Also, since the cars are older models, you will want to have a policy with only liability coverage to save money. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
What factors should I consider when car shopping to get the lowest insurance rates?
I'm a 21-year-old driver with a clean record who's looking for a car that will be cheap to insure. What factors should I consider when car shopping to get the lowest rate? For example, I've heard that older cars are cheaper to insure.
Mar 12, 2021
"If your vehicle is totaled, are you still obligated to pay off your car loan? "
I'm waiting to hear back from my insurance adjuster on whether my car is a total loss. I still owe some money on my car loan. If the car is totaled, does the loan still stand?
Apr 05, 2021
"What is the best way to finance a classic Camaro? "
"The Camaro I want is selling for $5,000. I have $2,000 in cash and would need to borrow $3,000 more. My bank won't give me a car loan, which I don't understand since I don’t have bad credit. How do people buy older cars? "
Apr 26, 2021