How much more is car insurance for a new car as opposed to a used car?

Answer 1

It depends entirely on what kind of car it is, and the driver's "reputation". Young males driving a new Camaro can expect to pay more than young males driving a Buick Regal.

Auto insurance premiums are all about risk assessment. Certain cars and certain ages of cars are statistically associated with greater or lesser risk of accident. Certain kinds of drivers (gender, driving record, age, etc.) are statistically associated with greater or lesser risk of accident.

The only way to really know how much you would pay is to ask for a quote from an insurance company on the specific car and the driver who would use it most.

Answer 2

The cost of car insurance for a new car can be more expensive than for a used car. This is because new cars are generally more expensive to repair or replace than used cars, and they may also be more likely to be stolen. Additionally, many new cars come with advanced safety features that can add to the cost of insurance.

The exact difference in cost will depend on several factors, such as the make and model of the car, the age of the driver, and the location where the car will be driven. On average, however, the cost of insurance for a new car can be anywhere from 10% to 30% more than for a used car.

However, there are also discounts available for newer cars, as they often have more safety features and anti-theft systems that can make them less risky to insure. Additionally, it is important to compare the insurance rates with different companies, as they can vary significantly.

It is important to keep in mind that the cost of insurance is just one factor to consider when buying a new or used car. It's always best to compare quotes from multiple insurance companies and shop around to find the best rate.