Does car insurance become cheaper as your vehicle ages?

General
1

In New York, my Geico insurance for three cars costs $2,000 every 6 months, and the premiums keep rising despite my cars getting older. Shouldn’t premiums decrease with car age? How can I lower them?

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2

I dont think that would be the case, lots of factors influence premiums. In this case, I think car insurance will definitely go up when you stay insured in the same company. Shop around for a broker and move away from Geico

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Hi, Yes, car insurance often becomes cheaper as your vehicle ages because its market value decreases, leading to lower potential payouts for insurers in case of damage or theft.