Introduction
It’s a common misconception that second-hand cars automatically have cheaper insurance. In reality, the age of the car, risk profile of the area, and type of coverage can result in premiums that are sometimes higher than smaller, brand-new cars. Understanding these factors helps buyers make smarter insurance choices.
Factors For Second-Hand Cars Affecting Premium
- Car Age and Model – Older cars may have limited parts availability or higher repair costs, affecting premiums.
- Area Risk – Cars parked in high-risk areas for theft or accidents may attract higher premiums regardless of age.
- Policy Type – Comprehensive or add-on coverage can increase cost, even for second-hand vehicles.
Tips to Save on Second-Hand Cars
- Compare insurance quotes using platforms like BJAK.
- Check vehicle history to avoid high-risk claims.
- Opt for add-ons wisely, only if needed, to avoid unnecessary premium increases.
Conclusion
Buying second-hand cars does not guarantee cheaper insurance. By understanding risk factors and using tools like BJAK to compare policies, car owners can make informed choices and avoid unexpectedly high premiums.
Read More:
Reasons Insurance Quotes Are Rejected – Key Factors
