When buying a vehicle, there are different elements to keep in mind when it comes to how much you’ll eventually pay for auto insurance. Some of the factors include your current driving record, if you have any points on your license, how long you’ve been driving and so on. Of course, a good deal of the insurance costs revolves around the ability to purchase and obtain replacement parts and the age of the vehicle. At Old Pueblo Insurance, we want to help you save money on auto insurance, whether you live in Oro Valley, AZ or the greater Tucson area.
Used Is Typically Less Expensive to Insure
Generally speaking, a used vehicle is less expensive to insure than a new vehicle. There is the occasional exception, but newer vehicles have more expensive tech in place. It is also harder to find used replacement parts, which means all repairs must utilize new parts. Buying a vehicle that is four or five years old can save a good amount on the sticker price and your insurance cost.
Of course, there are rare trim models. Perhaps you purchase a Mustang Boss edition or another vehicle model with limited production. In this case, the limited production vehicle likely will cost more than a brand new vehicle. This comes down to the cost of replacement parts. With fewer models, there are fewer available parts. Manufacturers of the parts will charge more as well, which is what forces the insurance up.
It doesn’t matter if you live in Oro Valley, AZ, Tucson or further out, Old Pueblo Insurance is here to help you save money on your auto insurance. If you want an affordable vehicle that also costs less in insurance, consider purchasing a used vehicle.