The car and your usage
The type of car you drive affects your car insurance premium, as
cars are rated according to insurance groups. This is set by the
Insurance Group Rating Panel and is set from 1 to 20. When buying a new
car, it is worth taking these ratings into account before you shop
around for insurance for your car.
The number of additional drivers, and their driving history, also affects your premium, as does your
occupation
and your annual mileage. Put simply, the more you use your car and the
further you drive, the greater the risk of incident, hence the higher
premium.
Drivers on the policy
Additional drivers don’t have to drive up car insurance costs.
If you need to add another driver to the policy, it’s always worth
sticking, say, a parent on your policy and then running an online
search, as some car insurance companies might give a discount to
acknowledge the experienced driver. However, do not add names of drivers
if they will not actually be driving the car. Lying on your policy
could result in it being void.
Types of cover
The final variable on insurance for your car is the level of
cover you choose. Remember, the cheap car insurance premium may not
provide the best level of cover for you. Compare third party only with
one company to third party, fire and theft with another – it may only be
a small additional investment, or even cheaper in some cases.
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