i have a mreg peuogot thats worth £400. i insured it for £400 3rd party only. my cheapest quote was £715 per year.

ive just bought a new car valued at £5295. i got a quote for fully comprehensive from my existing insurance company and their telling me my insurance will stay at the same price!!!!

Im not complaing but why does this work out as i thought that my newer dearer car would have been alot dearer insurance.