Help on car insurance.?

Question

I am 17 yrs old. I am about to get a 2008 Honda accord but right now I drive a 2002 Cadillac escalade. my insurance is $130 a month right now and I was wondering if it would raise it? the escalade is an SUV, & it has a v8. the accord is ofcourse a car and its a 4 cylinder! ( if that makes a difference) thank you to all that answer! :)

Answer 1

Try using http://My-InsuranceSearch.com to compare car insurance rates for all the major providers in your area.

Answer 2

The best way is to call your dealership and get the vehicle identification number to a similiar accord.  Then call your insurance company and advise them your possibly switching vehicles and give them the information.  The company should be able to give you the exact price at that time.  

Please note there are some cars that cost more than suv to insure and vice versa

Answer 3

I really don't think your insurance rates will go up a lot. However, it is likely you will see an increase. Honda Accords are the most stolen vehicles in America. They do have some great safety features though. If your finance company requires you to change coverage options or add more protection for being a new car your rates will go up. I wouldn't accept the rate your insurance company offers. There is no reason not to shop other companies to lower your rates as well.

Answer 4

Help yourself:) You can easily check quotes for both these cars in internet, for example here: http://autoinsurance.maclenet.com

Answer 5

It might go up a little because its a new car. And its a two door. Which is considered a sports car.

Answer 6

I believe it would go down because the car costs less to fix as well as causes less damage to other cars.  However, it would also depend on the value of a 2008 accord compared to the value of a 2002 escalade.

Call your insurance company and tell them the car you are planning to buy.  They can give you a quote based on that.  At least mine did when i purchased a new car.

Answer 7

It should go down but because it is newer, it may not go down much.  Your insurance company is theny one who can tell you the exact rate for the Honda