What's the difference between insuring a new car compared to a used car?

[Dorothy Sanders]

Hi, friends,
We have decided to buy a car as we are tired of waiting for the bus in our busy life. Now we are ready to have our own set of wheels on the road. But we don't know whether we should buy a new car or a used car and not sure about the auto insurance in Pembroke. It's important to get all of the information before moving forward. What's the difference between insuring a new car compared to a used car?

 

[fed up]

No difference. A new vehicle will generally be higher in premium because the cost of your vehicle is factored in to the collision and comprehensive pricing. The liability is generally close. A used vehicle may or may not have a need for collision or comprehensive if you are willing to lose the vehicle in the event of an accident and pay for a replacement out of pocket.