Is insurance higher on newer cars?

Be prepared to pay higher insurance premiums. Insurance companies know owners of sports cars go faster than the general driving population and as such, they're at risk of having accidents more frequently -- and more seriously -- than drivers of minivans, for example. read more

Intuitively, you might expect that new cars would be more expensive to insure, as they have high market value and can be pricier to repair in the event of an accident. While the relationship between a newer, more expensive car and higher insurance rates holds true in many cases, certain factors drive down new car insurance rates. read more

you and your car insurance. In the end, your driving history and the coverage options you select impact your car insurance rate more than your car's model year. A driver with a superb record behind the wheel of a brand-new sedan may well pay less than an oft-ticketed motorist with an older model of the same car. read more