Here’s What’s Affecting the Cost of your Car Insurance

Taking out a car insurance policy is very easy to do, but if you are not careful then you may end up making a mistake that will really cost you financially. If you want to avoid this then you have to make sure that you do your research and you also need to make sure that you understand the ins and outs of your policy so that you can go on to make the best decision.



You need to think about how long you have had your driving license for. This will have a serious impact on the price that cheap insurance companies are offering you. Simply put, if you are an inexperienced driver then this will mean that you are much more likely to make a claim. If you want to get around this then you need to try and be as careful as you can on the road, and you may also want to look into some additional driving courses.


Engine Size

The bigger engine you have, the more you will be paying for your insurance. The difference can be thousands and this is the last thing that you need when you are trying to save money. The main reason why insurance companies make you pay more for a car with a bigger engine is because statistically, people have more accidents with them. If you want to avoid this then try and opt for a car with a smaller engine and wait until you can get a no claims bonus before you buy the car of your dreams.

Your Location

If you live in an area that has a very high rate of car-related crime then you will certainly be paying for this. The company may see you as being higher risk when compared and this can really bump up the price of your policy. If you are a student then it may be an idea for you to leave your car at home. When you do this, you can then lower the cost without having to give up your car entirely.



The younger you are, the more likely you are to have an accident. Statistics show that you are much more likely to have an accident when you are at the age of 18 when compared to if you were at the age of 25. There is nothing that you can do about this, but you can rest assured knowing that the price of your policy will drop eventually.



Believe it or not, the job that you have can have an impact on your policy. If you are a delivery driver, a salesperson or anything else similar then this can add way more to your policy. A lot of people try and lie about their profession or they tweak their answer so that they can get a cheaper policy. This is something that you really need to avoid because if you are not careful, your entire policy will be voided as soon as you get in an accident.

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