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Compare car insurance after changing cars

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How to get a good deal on car insurance after switching to a different car.

Getting a new-to-you car could change your rates, depending on its value, engine power, repair costs or coverage needs. That’s because your vehicle is one of the main factors in determining your insurance premium.

How does car insurance change after switching cars?

After switching out a previous car with another one, your rates should update to reflect the change. Since that rate differs by insurer, consider whether updating your current policy or getting a new one is best for you.

  • Updating your current policy. This option is the most convenient and helps you get your next car on the road as soon as possible. Often, updating cars is as simple as calling an insurer or filling out an online form.
  • Switching to a new company. Shopping for a different provider ensures you’re getting the best coverage and lowest premium for your new-to-you vehicle.

Compare car insurance rates after changing cars

Name Product Roadside assistance New car protection Accident forgiveness Available states
Optional
All 50 states
Save up to 31% with safe driver discounts and bundling all your rides in one convenient policy.
Optional
AZ, CA, IL, NJ, OR, PA, VA, WA
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in AZ, CA, IL, NJ, OR, PA, VA and WA.
Optional
Drivers in these states can apply: AK, AL, AZ, CA, CT, DC, FL, GA, HI, ID, KS, MA, MD, ME, MT, NC, NE, NH, NJ, NY, OH, OR, SC, TN, TX, UT, VA, VT, WA, WY
As the nation’s second largest auto insurance company, Geico streamlines the process of purchasing car insurance. Drivers in these states can apply: AK, AL, AZ, CA, CT, DC, FL, GA, HI, ID, KS, MA, MD, ME, MT, NC, NE, NH, NJ, NY, OH, OR, SC, TN, TX, UT, VA, VT, WA and WY.
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Optional
All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
AZ, AR, CO, DE, GA, IL, IN, IA, KY, LA, MD, MI, MS, MT, NE, NM, ND, OH, OK, OR, PA, SC, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 24 states.
All states except AK, DE, HI, MT, NH, VT, WY
Esurance offers a modern online and mobile experience that helps you take your insurance on the go. Available in 42 states.
All 50 states
Backed by nearly 100 years in the business, Farmers Insurance aims to offer options and support to help you find the coverage you need.

Compare up to 4 providers

Compare car loans for new and used cars

Updated June 20th, 2019
Name Product Filter Values Minimum Credit Score Loan Term Requirements
300
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
600
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
300
Varies by lender
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Fair or better credit
From 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
Lower your monthly car payments and save on interest through a fast and easy online application process.
510
Varies
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
Connect with a network of over 150 lenders to refinance your car loan.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

Compare up to 4 providers

How much does changing cars affect car insurance rates?

Along with your driving record and credit score, insurance companies also look at the vehicle you drive as a main insurance factor. Ways your vehicle influences your premium include:

  • Price tag. Trading in your Oldsmobile for a shiny new roadster? The higher car value means it’ll cost more to replace if you encounter a total loss.
  • Engine power. Engines bursting with power raise the likelihood that you’ll drive at higher speeds. Expect higher insurance for fast cars.
  • Vehicle size. Your SUV, dualie or other bulky ride could cause more damage during an accident, and insurers will charge extra for that risk.
  • Theft rates. You might find comprehensive coverage pricier than expected if you own a car that’s known for high theft rates.
  • Convertible. These soft tops mean less driver and passenger protection in a collision and higher theft rates.
  • Repair costs. Cars that require more babying with imported parts or specialist mechanics also require a higher premium. Cars that are less expensive to repair after an accident get cheaper rates.
  • Coverage needs. The level of coverage you have affects how much you pay, including your chosen limits, deductibles and add-ons. A new Lexus requires higher coverage maximums than a used Toyota. And if you got a car loan, expect to add gap coverage to your insurance.

Cheapest vs most expensive cars to insure

Compare the most and least expensive car models to insure of the top 350 most popular car models.

Cheapest models to insure
Make & modelMonthly insurance rate
Chrysler Pacifica$132
Honda Odyssey$132
Toyota Tundra$135
Honda Pilot$137
Subaru Outback$139
Subaru Forester$141
Toyota Tacoma$142
Subaru WRX$144
Honda Fit$145
Volkswagen Golf R$145
Most expensive models to insure
Make & modelMonthly insurance rate
Ferrari 812$1,188
Rolls-Royce Wraith$1,083
Mclaren 650S$1,040
Ferrari F12 Berlinetta$1,015
Ferrari 488 Spider$868
Mercedes Maybach S650$814
Bentley Flying Spur$738
Aston Martin DB11$652
Lamborghini Aventador$568
Maserati Granturismo$535

How to get cheap car insurance after changing cars

No matter which car you choose to swap out with your old one, you can save on car insurance.

  • Check out several providers. Rates differ among insurers anytime you make a change.
  • Bundle policies. Gather all your insurance needs and cover them in one place.
  • Look for safety discounts. Your new-to-you car could have extra safety features that qualify for different discounts from your old car.
  • Buy a less expensive car. If you’re thinking about changing cars, look for cars that are less expensive to insure. Generally, those are sedans, minivans, hybrids and compact cars.
  • Get less coverage. You could do without nonessential coverage if your budget is a bit tight, such as dropping medical payments if you have solid health insurance or roadside assistance if you only commute close to home.

Get the cheapest quotes

Compare car insurance companies near you.

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How do I update my car insurance after switching cars?

Updating your insurance to reflect your new-to-you car is simple:

  1. Determine your new car’s coverage needs.
  2. Call your insurer or use your online account to enter details about the car.
  3. Delete information about your old car and agree to the new rate.
  4. If applicable, compare providers who offer the coverage you need and start a new policy.
  5. Cancel any unneeded policies or coverage.

What should I watch out for with car insurance for a different car?

In all the excitement of your new car, keep in mind:

  • Shop around. Looking at new providers when switching cars isn’t common. But it could save you hundreds or thousands per year, especially if the car is newer, more expensive or more powerful.
  • Adequate coverage. A new car may call for wider coverage, such as new car replacement, gap insurance or a higher collision limit.
  • Meet deadlines. Many insurers have a grace period to report your new car purchase, but this varies by company. Typically you have at least a few days.
  • Loan or lease requirements. If you’re getting a loan or lease, you may need extra coverage you didn’t have before, including collision and comprehensive. You may also have to show proof of insurance before driving off the lot.
  • Canceling your old policy. When switching insurers along with your new car, you might owe an early cancellation fee. Check your policy before canceling so you know this information up front.

Bottom line

Getting a different car could increase your insurance rates, especially if it’s more expensive, bigger or more powerful. Consider several providers to get the best value for your new ride.

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