Is Insurance More Expensive for Transferred Vehicles?

[StDakota]

Insurance for transferred vehicles is indeed more expensive. Here are the relevant details: Reason: The performance of used cars decreases significantly compared to new cars, and in the event of an insurance claim, the losses incurred are greater than with new cars. According to the calculation rules of insurance premiums, used cars have higher insurance costs, and the price condition of the used car also affects the insurance cost. The higher insurance price is mainly due to the greater number of insurance types involved in vehicle transfer. Notes for purchasing insurance for transferred vehicles: If the car is a transferred vehicle, do not continue to purchase insurance from the previous insurance company. You can switch to another insurance company, preferably one with lower premiums, to reduce the insurance cost.