i have a car that i can have given to me it is about 5 years old but cant aford the first years car insurance out right if i sell it and gt a cheaper car will the insurance be cheaper or more expensive because it is an older car? i say this because if so i can sell the car i have and use the money left over to pay for the first ears car insurance. p.s i am a teenage driver which is why im trying to save as much money as i can!
Can you still be on your parents' insurance? We always put our kids on the cheapest, oldest car we owned, to lower their premium. Getting insurance as a familly group was a lot cheaper. Can you get a Good Student discount? State Farm does that if you take a short course and have good grades in school.
There's a possibility your rates would be lower on a cheaper car because it's not as expensive to fix; also you can have a higher deductible or lower collision coverage if it's an old, run-down car.
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April 14, 2007 at 02:53 pm
cheap car and if its older = cheap insurance
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April 14, 2007 at 02:53 pm
It will be on the mountain side!
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April 14, 2007 at 02:55 pm
Depends on the engine size and model.If it has a high insurance group,then it does not matter how old the car is!
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April 14, 2007 at 02:59 pm
It all depends on your age, make and model of car and engine size. Alot of dealers offer a years free insurance on small cars such as corsa's but it involves buying a brand new car.
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April 14, 2007 at 03:00 pm
Older cars can be more expensive as they are easier to nick. More modern vehicles coming with factory fitted immobilizers/alarms, double door locks, etc. can work out a lot cheaper.
Best thing to do is get a few quotes from reputable companies before you spend any money on what you think would be cheaper insurance!
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April 14, 2007 at 03:03 pm
HELLO…
1st.OF ALL IT DEPENDS ON WHO YOU GO TO.
SOME ARE HIGER AND SOME ARE LOWER,
THEN IT DEPENDS ON THE CAR YOU BUY,
HP.GAS MILLAGE YOUR AGE,ETC.I HOPE THIS HELPS
YOU.
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INS.INSTTUTE, AAA. INS,CLAIMS… -
April 14, 2007 at 03:07 pm
You need to shop around really hard for a decent insurance quote on any car.
Try getting your insurance as a named driver on someone elses policy (parent, guardian etc). Some companies (Direct Line for example) will let you build up your no claims bonus as a named driver on someone elses policy.
In the long run, your no claims bonus will reduce your premiums regardless of which car you drive.
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http://www.confused.com -
April 14, 2007 at 03:24 pm
Can you still be on your parents' insurance? We always put our kids on the cheapest, oldest car we owned, to lower their premium. Getting insurance as a familly group was a lot cheaper. Can you get a Good Student discount? State Farm does that if you take a short course and have good grades in school.
There's a possibility your rates would be lower on a cheaper car because it's not as expensive to fix; also you can have a higher deductible or lower collision coverage if it's an old, run-down car.
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April 14, 2007 at 08:20 pm
Your age and driving record are the two main factors for the price of your insurance.
Insurance companies aren't near as concerned about the age of the car so much as the value of the car. They also factor in part prices. A domestic car that is cheap to fix will give you a lower rate.
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Insurance Agent -
April 15, 2007 at 03:04 am
It's the insurance group that the car is in which will affect the premiums, not how old it is or what it's worth. That's disregarding your own circumstances of course. F'rinstance you could have a brand-new group 2 car costing you a lot less to insure than an elderly scxrap-value XR3. This website is pretty good at giving the groups: http://www.parkers.co.uk/insurance/
Keep to as low a group as you can while you're young and inexperienced, and hunt around for quotes from lots of companies.
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April 15, 2007 at 06:06 am
Cheaper.
Only exception would be if it was a unique car. Common cars will be cheaper.
It would probably be cheaper if it had a small engine too.
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April 15, 2007 at 11:50 am
Not always. Try this site for groups:
http://www.parkers.co.uk/insuranceCars range from groups 1-20 for insurance
1 - cheapest to insure
20 - expensive to insureSee what the current group the car is in and go for a lower group.
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April 16, 2007 at 02:28 am
I think your best buying a cheaper car, but only if it's from a lower insurance category and maybe better emission i.e smaller engine as this will save you money on tax and petrol too. A smaller car with a smaller engine is your best bet. If it's still really expensive you could consider third party insurance but don't if you can avoid it. Do a bit of research and pick a few cars and have a look on a camparison site like http://www.moneysupermarket.com/motor/ to find out if it actually is cheaper. hope this helps
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