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Less To Insure Than A New Car

Less To Insure A New Car

Many drivers with older cars may be paying higher lease and insurance rates than they would for a newer car. Insurance rates are extremely competitive for new cars.

The internet is a great way to source the best prices for vehicles, and InsuranceHotline.com sources the lowest insurance rate.

Here’s a rate example comparing a 2006, 2002 and 1999 Pontiac Grand Prix GT 4DR, showing the lowest to highest quotes from 30 insurance companies:

Year     Lowest   Highest

2006     $1,472    $4,149

2002     $1,391    $3,712  

1999     $1,206    $3,361 

There are only a few hundred dollars between a 1999 and 2006 model when you find the insurance company offering the lowest rate. Unfortunately, many drivers with older cars are paying rates that are a thousand dollars higher than they should be.