I might spend $1500 on my 12 year old car (which is "only" worth 4200 according to KBB), instead of spending lot more money to get a different used car with unknown issues or a hefty monthly payment.
Theft premium stays the same, even though replacement cost has gone down and it's less valuable as a target. You'd think other cars becoming safer on average would decrease the risk of getting into accidents at their fault and at my fault, but the comprehensive premium stays the same on a now older car.
I find it hard to believe that auto thieves somehow avoid the equally dense town 1hr down the highway.
Same here. Bought a Volvo which is more expensive and has a more powerful engine than the Opel that I had before for 16 years, I have even added some options to the insurance coverage compared to before, but now I pay 300$ less than before => of course I'm happy, but it's weird, didn't expect this... .
Maybe the car's brand has as well something to do with it? Maybe some statistics show that for some reason Opel drivers cause more damages or whatever... . Misterious... .