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How come a 7 year old Dodge truck costs more to insure than a new Lexus RX350?
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How come a 7 year old Dodge truck costs more to insure than a new Lexus RX350?

Full insurance:

Dodge - $1400
Lexus - $900

Why??????


    




VetteLeo
Rating
is it a 4x4? That usually raises the insurance through the roof.

how big is the engine? 4.7 or so?

compare that to the lexus.

Is the truck a 8 cylinder? maybe 10?

All those things make insurance raise.


Carl Parker
Rating
It doesn't mean every carrier is like that. Each company rates well on their "targeted vehicles". Many times it can be due to costs of repairs, costs of parts, 4 x 4 surcharges, and what driver is rated on that vehicle upon your policy. You may want to shop around and find out other carriers rates.


mktobyjo
Full coverage I presume?

Do you have a wild driving record? Or bad credit? Those don't help.

The Dodge truck probably doesn't have the latest safety stuff on it. And it probably costs more to replace than the lexus. Give you agent the VIN numbers to get a 100% accurate quote.


PeppermintandPopcorn
Lots of stuff go into the rate than the value and age...

How much would it cause in an accident? A truck will cause more than a car.

How much does it cost to fix? You're prolly a draw on this one. There might not be enough parts to fix an older vehicle/ a new vehicle cost more to fix.

How likely will it be stolen?

How many times has this been in an accident? Trucks and younger o rmale drivers get in more accidents than in a regular sedan.

Safety - New vehciles are becoming safer than old vehicles. In a new vehicle, if you get in an accident - there may not be as much medical bills.


beer_farts
Rating
There is more of a demand for the parts on the dodge.So, thieves would more likely steal the dodge


Mike Hunt
People who drive Lexus' are muc more cautious than someone who owns a 7 year old Dodge.


btmduk
Rating
For a start it is much easier to break into and steal.





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