Car insurance Premium is lower on my 2009, than was my older 2003?
Hortencia asked:
I bought a new 2009 Toyota, and traded in my 2003 Chrysler. When I went to my insurance, my premium was lowered by $100.00 for the year. Normally a newer car is more to insure than an older car. Any suggestions as to why my premium went down?
Extra info. I’m 32, married, my husband and I have not had any tickets, or accidents. I had a sebring, and bought a yaris.
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you may have a great driving record or you drive less than you did before… also, i believe women get a clean sheet when they turn 21 and that can positively affect your cost
Engine size, amenities in the car, things like that all have a factor. If you have an alarm or auto lock on your new car and you didn’t on your old one, it would go down. If you reached an age just recently of 25 or just got married, insurance would go down. It could be a multitude of factors.
I work each and every day writing auto insurance…
This can sometimes happen for a number of reasons…
1) the Toyota is safer and maybe the engine is smaller than the Chrysler
2) you might or might not of went up in age (not sure if you have or haven’t) If you have and you are a female if you’ve went from say 20 to 21 that would lower your rate… or if you went from 24 to 25 you are now considered an adult and get an adult rate.
If you are under 25, and recently got married you get an adult rate. If you have recently turned 50 this would also cause a discount to your insurance.
3) most companies give discounts with them for years
4) something may or may not have fallen off your driving record
Sooo many different things factor into your insurance so you might just want to call them out of curiousity to know what it was that made it go down. : ) I know you’re a happy camper.