is no set price that car owners have to pay when it comes to car
insurance. Each car insurance quote is individual and varies depending
on a number of factors that the car insurance company/underwriter
take into consideration.
get to a final quote a range of different factors such as the following
are used to calculate how much it will cost to insure the driver
and the vehicle:
- Age is a big factor when it comes to car insurance. Younger drivers
are more at risk of having an accident and needing to make a claim
than older drivers who have more experience in driving.
- Insurance quotes between male and females can vary. Young males
car insurance is higher than a young females. This is because statistically
young males are more likely to need to make a claim or have an accident
than young females.
you live - Where you live and where your car is kept makes
a significant difference to car insurance companies. Car insurance
companies having a "post code rating" system where they
can rate the area that a person lives in. This rating has a range
from A to F. "A" being a good low risk crime area and
an "F" being a high risk crime area.
Those living in an "A" rated post code area are likely
to receive a lower car insurance quote than those living in an "F"
rated post code area. This is because there may well be very little
crime in the "A" rated post code area but in the "F"
rated post code area car crime may be extremely common meaning that
there is more likely that the car insurance company are going to
need to pay out for theft.
Vehicle is Kept - Where a vehicle is kept/stored is another
important factor. A car kept parked on a road that is then free
for passers by to easily look into is at more risk than a car parked
on a private driveway. A car parked in a garage is likely to be
the most secure as it is then out of sight and also locked away
making it harder for anyone to risk trying to steal it.
Claims Bonus (NCB) - Drivers who have built up NCB can usually
expect a reduction in their car insurance quote. NCB can be built
up and are designed to reward good/careful drivers who do not make
a claim on their insurance. The more NCB that a driver has the lower
their car insurance premium is likely to be as the car insurance
company rewards them for being a careful driver who do not cost
the car insurance company money.
accidents - If you have a history of making claims on your car
insurance your premium is going to go up as you are likely to be
"high risk" to the car insurance company. You will have
to pay more for your car insurance as the car insurance company
are taking more of a risk if you have a history or having to make
claims for car accidents.
of Cover - There are 3 different types of car insurance
Fully Comprehensive which provides cover for both an third parties
involved in an accident and also yourself if the accident was your
Third Party, Fire & Theft insurance offers protection only for
third parties if you are the cause of the accident, it also pays
out if your car is stolen or has a fire.
Third Party only insurance covers only any third parties if you
are the cause of an accident and you will not be able to claim anything
for your own car.
Insurance Group: There are so many different vehicles out there
offering so much choice in popularity/speed/cost each vehicle has
an insurance group rating.
Smaller engined, lower cost cars such a a 1litre Fiesta will have
a lower group insurance than faster more expensive car such as a
Insurance Groups range from 1 to 20. With a car in insurance group
1 being less to insure than a car in group 20 which will cost more
to insure. So the higher the insurance group your car falls into
the higher the insurance is likely to be.
if you take all the above into consideration and look at a couple
A young male who drives a car with a high insurance group, lives
in an "F" rated post code area who keeps his car on the
road and has had a couple of previous accidents is going to have
a very high car insurance quote. The quote is likely to be high
even if the person only wants third party insurance too.
the other hand:
A middle aged female driving a mid-range group insurance car, living
in an "A" rated post code area, parks the car in a garage
at night, has no recent claims and has full No Clims Bonus will
likely get a very competitive car insurance quote from every insurance