As my car gets older, why doesn’t my car insurance premium go down?

There are several factors we take into consideration when we calculate your car insurance premium. The two main factors are the cost of parts (which don’t always decrease, like the value of the vehicle), and the cost of the repairs (we need to pay the mechanics who repair your vehicle). We also take the type of vehicle into consideration (if it had a high rate of claims for vehicle damage over the past year).