07/27/2026
Another myth: "As my car gets older, my insurance premium should go down." Facts: It still costs the same to repair the other driver's vehicle if you're at fault, no matter how old your car is. The cost of auto body parts and labor don't factor into how old your car is. If inflation is causing auto repair and replacement costs to go up and you have an at-fault accident, your old car is going to cost more to repair/replace than it has in the past. Therefore, premiums may rise accordingly. The best way to get lower premiums is to check with a broker like me who has 55 companies at his disposal to shop around for you.
