My 2017 Bolt LT replaced my 2010 VW Jetta Wagon, and my insurance only went up a few dollars a year. That’s a brand-new car which stickers at around $39k versus a seven year old car with a book value of about $10k. Go figure.
I long ago gave up trying to figure out why car and home insurance costs increase or decrease. I just shop around every couple of years to make sure I’m getting a decent deal, and I shop right away if there’s a big jump in premiums. I last changed my homeowners and got basically the same coverage for $700/yr less than I was previously paying.
If your new car insurance cost has dramatically increased, shop around. It’s a bit of a pain, but I’ll gladly spend a couple of hours online or on the phone in order to potentially save hundreds of dollars a year.
2017 Kinetic Blue LT, 1998 Merckx Ti