Is insurance cheaper for a newer/smaller car with smaller engine or an older/bigger car with a larger engine?

Question

For example:
2000 Honda Civic Sedan (4 Cyl)
or 1997 Lexus ES300 Sedan (V6)
Which is cheaper?

Answer 1

different companies rate differently. The collision and comprehensive coverage is basedon replacement value, so if the cars are similar in value, the premiums should be close to the same (except Hondas have a greater risk of theft, so that may raise the Honda's premium a bit). As far as libility goes, they should be similar, but if different the Lexus would likely be less, as it less often in accidents (based on general statistics, and that's because it tends to sell to an older driver).

Anyway when it comes to "big engine" they don't consider a V6 big-- unless it is a turbo.

Answer 2

The Lexus would be more expensive to insure. If you look at Kelly Blue Book you would see that the Lexus is worth more...therefore, (roughly) it would cost more to replace if totaled in an accident. Also, if you look at junk yards there are alot more Honda's on the lot than Lexus. Also, the Lexus has a V6, the civic doesn't. There are a lot of factors that go into determining car insurance cost - talk to your local agent before purchasing a car and they can give you a quote in just a few minutes. This should help with your shopping.

Good luck!

Answer 3

Engine size is actually only a small consideration when insurance companies give you a quote. That mostly applies to high-performance vehicles, like a Ferrari or old muscle car, such a 1970 Hemi 'Cuda. What determines insurance rates is the average rate at which the make/model of your car is stolen, how old it is, how expensive it was, your driving record/age and the average crime rate in your area. Both of the vehicles you listed have high theft rates, but I think the Honda ranks higher, so I am guessing it costs more.

Answer 4

insurance is based on the worth of the vehicle,and the cost of parts to repair them.an older lexus would be higher than say a newer chevy.
97 lexus vs 00 monte carlo

Answer 5

I'm an insurance agent and it all depends on all the discount you get like if you're married or own a home or if you have previous insurance and another thing that's really expensive is when you're under 23 and you buy new cars so hope all this answer you're question.

Answer 6

Here http://hort.net/+1i5y is a good resource on car insurance and the best plans.