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Does the Year of a Car Affect Insurance

The year of a car affects insurance rates. This shouldn’t come as a surprise to anyone, as the older a car is, the more likely it is to have accidents. In fact, over 50% of all accidents occur within the first five years of a vehicle’s life! Obviously, this means that you should shop for a new car every five years or so to keep your rates as low as possible. And if you’re considering buying an older vehicle, don’t forget to factor in its age when shopping around for insurance. What else can you do to keep your rates down? Read on for some tips on how to reduce your risk of an accident and lower your insurance premiums.

What is a Car’s Year?

The year a car was manufactured is not always indicative of its age. Depending on the make and model, a car can be in its early years or it can be 10 or more years old. The age of a car does affect insurance rates, but the amount of time that has passed also affects the rate.

How the Year of a Car Affects Insurance

The year of a car can affect insurance rates. The older the car, the higher the rate. A car’s year can also be used to determine its liability limits. A newer car has less damage and is therefore typically valued at a lower premium than an older car with more damage. If you’re considering purchasing a new or used car, it’s important to research your insurance options so you understand how your year of the vehicle affects your rates.


It can be a bit confusing trying to figure out what affects your car’s year when it comes to insurance rates. In general, the older your car is, the more expensive it will be to insure. However, there are some exceptions to this rule. For example, if you have recently bought a new car and it has less than 12,000 miles on it, the insurance company may not charge you very much in premiums. So make sure to ask your agent about any special exemptions that may apply to you specifically.

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