Are Used Cars Cheaper to Insure Than New Cars?

A large chunk of the price tag of auto ownership is automobile coverage. The large price tag of insuring a car or truck is only one aspect to take into account when shopping for utilised cars and trucks versus new models. So, are employed cars less expensive to insure than new cars and trucks? 

When it arrives to vehicle insurance coverage, age is a variable

Are used cars cheaper to insure than new cars?
A made use of car whole lot | Steven Miric/Development Photography/Avalon/Getty Photos

It is not inexpensive to buy a employed or a new vehicle. You have to include up registration fees, taxes, every month finance payments, fuel, and routine maintenance. Element in the price of insurance coverage, and the financial commitment grows even more.