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| Car Insurance |
By providing different details about you can affect your car insurance costs. Below are some common questions and each question the insurance company asks will have an impact on your premium. That's why they asked. Answering these questions over and over again can be very frustrating, therefore, we will do a comparison for you with several companies to save you the hassle but get the most competitive premiums.
Factors that affect the price you pay
Car Prices. For example, the more expensive a car is, the more expensive it will be to replace it, and also the more attractive it will be to thieves. Each vehicle is also categorized into an auto insurance group by the Insurance Group Rating Panel, based on a number of different factors including vehicle repair costs, safety rating and maximum speed. These groups range from e.g. 1 (the cheapest to insure) to 50 (the most expensive to insure), and form the basis on which the auto insurance company makes your quote.
Age and Experience:
If you are a newly qualified driver, under 25 years of age, or both, you are considered a higher risk than other drivers by the insurance company, and you will therefore have to pay more for the same cover. The younger and therefore the less experienced you are, the more you have to pay; this also applies to any policies you add as named drivers.
History without claims:
It's simple: the less you charge insurance companies, the less they charge you. Most companies will give you a discount for each year you don't file a claim, usually up to a maximum of 50%, and this is also transferable across insurance should you decide to switch.
Work:
Your profession can also change the cost of your auto insurance; for example a teacher will generally find coverage cheaper than a taxi driver because the insurance company makes assumptions based on past statistics about how well the person will drive. Journalists, for example, will find it difficult to get cheap car insurance because their driving style is considered not as safe as others.
Excess:
This is the amount your auto insurance provider expects you to pay before they contribute to your repair bill. As a rule, the more money you have available for yourself, the lower your premium will be. Although there are 'critical points' were increasing your excess will not affect premiums.
Machine Type:
Insurance companies will charge a much higher premium if your car is considered a high-performance or turbo engine.
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