Do cheaper old cars make insurance higher?

Ive been looking up cheap old cars such as 1995 peugeot 106 the insurance is still over 2000! is it because im looking at cars that cost 400? Im looking for a really cheap car to buy and has the average insurance price any suggestions ?

BEST ANSWER: Try this site where you can compare quotes:INSUREFOREVERYBODY.INFO

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https://www.linkedin.com/pulse/describe-how-insured-party-may-claim-pro-rate-refund-premium-carter/