Is it more expensive to insure a new car or an old car? When I was sold my car, the car dealer told me that the rate would go down because it's a newer car. However, these quotes are telling me differently. I had two cars on my policy (which I ended up losing both of them on the same exact day) and then got a quote for my new car. This car is more expensive than both of those cars combined! Does this seem right? I just don't know if I'm doing something wrong or if the car dealer was lying to me.