Several factors can impact your car insurance premium. These include:
Age:
Younger and older drivers are considered higher risk, leading to higher premiums.
Vehicle:
The make, model, and age of your car affect its value, repair costs, and the likelihood of theft, impacting your premium.
Location:
Living in an area with higher crime rates or a higher density of traffic can increase your premium.
Mileage:
The more you drive, the higher your risk of being involved in an accident, potentially raising your premium.
Driving history:
A history of claims, accidents, or convictions can result in higher premiums.
Occupation:
Some professions are considered higher risk and may face higher premiums.
Voluntary excess:
Choosing a higher voluntary excess can lower your premium, but you’ll pay more in the event of a claim.
Security features:
Installing approved security devices can lead to lower premiums.
Optional extras:
Adding extras like breakdown cover, legal protection, or a courtesy car can increase your premium.
Understanding these factors can help you find ways to reduce your car insurance premium.
