What Makes Car Insurance Expensive?

Ever wondered what makes car insurance expensive?

Check out our Top 5.

  1. Your Car’s Location – Insurance companies rate their policies based on postcode area. Your insurance company will hold data on how many vehicles in your area have been stolen, criminally damaged or involved in accidents. If you’re unfortunate enough to live in one of these areas, then sadly, your premium may be slightly higher. Moving house is the only option.
  2. Type of Car You’re Driving – If you go for a hot hatch, you will obviously be paying a higher premium for the privilege. Engine size and age of the vehicle are both contributory billboard_pic_big_1factors in rating your insurance policy. With this in mind, try and stick to smaller cars with a lower engine size.
  3. Criminal Record – Your insurance company will be interested in whether or not you have a criminal record. If you have a criminal record of driving without insurance or whilst under the influence of alcohol/drugs, this will certainly increase your premiums.
  4. Workplace – Insurance companies will certainly wish to know whether you will be using your car for business. If you use your vehicle for work, you will inevitably be spending a lot more time driving on the roads and as a result, are at a higher risk of having an accident.
  5. Insurance Policy Cover – The more insurance cover you need, the higher your premium will be. Check the contents of your insurance policy carefully, to ensure that you are getting what you need.