Regina finds a new car costing $25,000 and a used car costing $17,000. Which car will have higher insurance premiums and why?

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Business

George Harper

17 October, 05:14

Regina finds a new car costing $25,000 and a used car costing $17,000. Which car will have higher insurance premiums and why?

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Whitney · Answer 1

The used car will have higher insurance premiums because there is a higher chance that it will malfunction and that they will have to pay for your expenses. A new car is cheaper when it comes to premiums because it is expected to last and the insurance companies are safer in this regard.