Auto Insurance

Is there any difference in premium for a new car and a used one?

I’m new to the United States and thinking about whether I should buy a new car or a used car. Is there any difference in premium for a new car and a used one?

By Elena G.
SafeButler agent
Answered
Category Auto Insurance

Used cars have lower insurance prices since they are less expensive to replace. If your car is older and you own it outright, you may decide that comprehensive and collision coverage aren't necessary, lowering your overall cost.

 

The information in this answer is general in nature and is not legal or insurance advice for your specific situation. Policy language varies carrier by carrier; your declarations page is the final word. If you're unsure, call your agent before you need to file.

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