Is car insurance cheaper for used cars than new?

Question

I hear a lot that when getting you're first car that you're supposed to buy a used car and not a new car because auto-insurance is going to be cheaper. Is there any truth behind this?

Answer 1

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Answer 2

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RE Is car insurance cheaper for used cars than new?

I hear a lot that when getting you're first car that you're supposed to buy a used car and not a new car because auto-insurance is going to be cheaper. Is there any truth behind this?

Answer 3

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RE :Is car insurance cheaper for used cars than new?

I hear a lot that when getting you're first car that you're supposed to buy a used car and not a new car because auto-insurance is going to be cheaper. Is there any truth behind this?

Follow 6 answers

Answer 4

Auto insurance companies costs are based on vehicle value (price), cost of repairs, theft rate, and location of vehicle (home/work). You can buy a new Kia and have cheaper insurance than a used Honda.

Answer 5

A lot of people like to buy an inexpensive used car and pay cash for it . This way they are only required to have liability insurance and not collision.

Answer 6

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Answer 7

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