Does the age of my car affect my insurance rate?

Yes, the age of your car can affect your insurance rate. Generally, older cars are less expensive to insure because they have lower value and are cheaper to repair or replace. On the other hand, newer cars may have higher insurance rates as they are more valuable and may require more costly repairs. Insurance companies use a variety of factors, including the age of your car, when determining your insurance rate.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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