Will a'95 Impala SS raise or lower my auto insurance rates?

Great Answer

Professionally Researched. (What's this?)

On One Hand: Depends on How Much your Current Car is Worth

The 2010 Kelly Blue Book value for a 1995 Chevrolet Impala is approximately $9,000. Insurance costs are based primarily on vehicle value. If your current car is worth less than $9,000 your insurance will probably go up. If not, your insurance may go down.

On the Other: There are Other Factors

If you're buying the Impala on a loan, you may be required to buy insurance that you're not carrying on your current auto. For example, most lenders require comprehensive coverage, whereas you might be carrying only liability on your current vehicle.

Bottom Line

In most cases, a 1995 Impala will raise your insurance rates if the car you're replacing is worth less than the 1995 Impala is when you buy it. However, check with your insurance company to see if any other factors will affect your rates when you buy the new car.

Source:

Kelley Blue Book: 1995 Chevrolet Impala Value

John Schultz, Car Sales Manager, Tigard, OR

Courtney Rogers, Insurance Executive, Tigard, OR

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Will a'95 Impala SS raise or lower my auto insurance rates?

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