Hello…I’m currently paying over $250 a month for insurance on my Hyundai Elantra, which seems pretty high to me. I’m considering selling it and getting an older Toyota or Honda instead.
Does anyone know if switching to an older car could lower my insurance premium? I’m with State Farm, and I also bundle with homeowners, so I’m hoping this could make a difference.
Switching to an older Toyota or Honda could potentially lower your insurance premium, as older vehicles often cost less to insure than newer ones due to lower replacement values and reduced repair costs. Additionally, if you maintain your bundle with State Farm, you might benefit from discounts for having multiple policies. It’s a good idea to get quotes from State Farm for different vehicles and see how the premiums compare before making a decision. This way, you can gauge the potential savings and determine if switching vehicles is financially advantageous.