Lurking, not leaving!
I deleted my four-year-old Model 3 with 72,000 from my insurance and added the brand-spankin'-new Model S that is worth four times as much.
My car insurance went down $5 a month.
I asked my agent why: "The safety features of the vehicle, and the cost to replace and find new car parts are two things we have noticed that make insurance on a newer vehicle cheaper than an older vehicle."
So, I'm chipping away at that opportunity cost for having just purchased a 2023-designated new car instead of waiting for a 2024! In the four months it will take many of you to get your 2024-designated model, I'll have saved $20.