Insurance on 18 year old car

Feb 9th, 2018 6:55 pm

#1

pilmania [OP]: Deal Addict; Dec 11, 2003; 1240 posts; 195 upvotes; Toronto

Feb 9th, 2018 6:55 pm

I am trying to get a second car manual trans just for fun 2000 jetta tdi. I am currently driving a 2011 golf tdi and paying about $2000 for insurance. I checked the rate on insurancehotline just to get an idea of the rate with 2 vehicles and it shows the cheapest is $6000. I checked the rate for just jetta and it was $4000. I checked with 2000 honda civic in case theres a glitch in the system but it was $4400. Is this normal for cars this old? I will call my insurance company on monday to find out but i am curious.

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Feb 9th, 2018 7:24 pm

#2

natalka: Deal Addict; Aug 17, 2008; 4124 posts; 928 upvotes; Sask.

Feb 9th, 2018 7:24 pm

If you were in Saskatchewan, it would be just under a grand.

Feb 9th, 2018 7:32 pm

#3

pilmania [OP]: Deal Addict; Dec 11, 2003; 1240 posts; 195 upvotes; Toronto

Feb 9th, 2018 7:32 pm

natalka wrote: ↑ If you were in Saskatchewan, it would be just under a grand.

Id rather live in ontario and pay up. But thanks for your input.

Feb 9th, 2018 9:02 pm

#4

zoomzoom: Deal Addict; Nov 26, 2003; 2145 posts; 388 upvotes; Canada

Feb 9th, 2018 9:02 pm

Rate is not only calculated on model, but also dependent on driver's age, sex, previous history, and location.

Feb 9th, 2018 9:09 pm

#5

pilmania [OP]: Deal Addict; Dec 11, 2003; 1240 posts; 195 upvotes; Toronto

Feb 9th, 2018 9:09 pm

zoomzoom wrote: ↑ Rate is not only calculated on model, but also dependent on driver's age, sex, previous history, and location.

I know that obviously. My question is why does it cost twice as much for an older car to insure for the same driver.

Feb 9th, 2018 9:34 pm

#6

bomber17: Deal Fanatic; Apr 5, 2016; 5330 posts; 3797 upvotes; Calgary/Vancouver

Feb 9th, 2018 9:34 pm

Something is wrong, normally older cars are cheaper in insurance because in a total loss, they pay out less. It probably has to do with your profile or where you live. Something probably changed, but you pay to play in Toronto.

Feb 10th, 2018 1:25 am

#7

brutus99: Sr. Member; Nov 4, 2008; 626 posts; 421 upvotes; GTA

Feb 10th, 2018 1:25 am

bomber17 wrote: ↑ Something is wrong, normally older cars are cheaper in insurance because in a total loss, they pay out less.

Actually older cars are more expensive to insure since they are not as safe as newer cars, don't have the latest technology to brake automatically, etc. I know because my 14 year old X5 was more expensive to insure than my brand new XC90. Makes sense when you think about it.

Feb 10th, 2018 1:57 am

#8

Aziz3975: Member; Mar 8, 2016; 205 posts; 41 upvotes

Feb 10th, 2018 1:57 am

I was paying 325 monthly for 2001 prelude on liability only, my 2010 Camaro ss I’m paying 275. In the gta age 20 (g2 for now). Older cars more expensive but depends on many factors.

Feb 10th, 2018 2:09 am

#9

bomber17: Deal Fanatic; Apr 5, 2016; 5330 posts; 3797 upvotes; Calgary/Vancouver

Feb 10th, 2018 2:09 am

brutus99 wrote: ↑ Actually older cars are more expensive to insure since they are not as safe as newer cars, don't have the latest technology to brake automatically, etc. I know because my 14 year old X5 was more expensive to insure than my brand new XC90. Makes sense when you think about it.

Guess it's location, I don't see that happening with my insurance in GVA. With my bmw, insurance went down as time went on and it's from crappy ICBC.

Feb 10th, 2018 4:52 am

#10

alanbrenton: Deal Expert; Apr 21, 2004; 54661 posts; 19455 upvotes

Feb 10th, 2018 4:52 am

try sonnet.ca