It's generally common knowledge, new cars, or newer used cars are generally more expensive to insure than older model used cars. After all, if the car has to be replaced, it's much more expensive to replace it with a new or near new model cars for sale than one that has several years under its belt and lost most of its re-sale value.
You probably also remember your insurance was a likely a lot higher when as a young driver you looked for your first car on used car lots, then when you were older and more experienced checking out car search engines. The age of the driver and that experience of the driver matters to insurance companies.
And then of course adding to the mix is all those highly moveable variables that makes calculating an auto insurance comparison into what you would think to be a simple price for insurance into something you wonder if you need a math degree for to understand. Theft rates on vehicles, the variables of repair cost, vehicle safety equipment, extra cost or deductions, and yes local laws. And you thought agreeing on a price at used car lots was difficult.
But did you know that not all cars you find on a car search engine are the same to ensure state to state? Those local laws each state has can mean that insuring that new car in one state is more expensive than insuring new cars for sale in other states. Below are the top 10 highest states to insure a vehicle in as calculated by Insure.com.
Is your state among the top ten on the list of auto insurance comparison?