Age and driving expertise
New drivers of any age lack driving expertise, making them much less more likely to spot hazards. However based on highway security charity Brake, youthful drivers pose a fair greater danger for insurers because of the mixture of youth and inexperience.
In response to the Affiliation of British Insurers, drivers aged 17 to 24 are concerned in 24 per cent of all deadly collisions, but they solely make up 7 per cent of UK licence holders.
Their youth means younger drivers are notably more likely to take dangers equivalent to harmful overtaking or dashing. Their inexperience means they should focus extra when driving, which makes them extra prone to distraction, equivalent to from cell phones.
Brake’s statistics present that one in 5 drivers crash inside a 12 months of taking their take a look at. Whereas younger males usually tend to have an accident than younger ladies, automobile insurers are not allowed to contemplate gender when pricing insurance policies.
Occupation
When analysing claims knowledge, insurers have seen that folks with sure jobs make extra claims than drivers in different occupations.
Premier League footballers pay the best automobile insurance coverage prices. This may very well be as a result of they have an inclination to drive excessive efficiency vehicles, take dangers and are often beneath 25.
Different occupations the place individuals are charged extra for automobile insurance coverage embrace journalists, fairground staff and meals supply drivers.
However secretaries, private assistants, insurance coverage staff, librarians and lecturers are inclined to have the most cost effective automobile insurance coverage.
When you shouldn’t deceive your insurer about your occupation, generally tweaking your job title – from journalist to content material author, for instance – can lead to cheaper quotes.
Your automobile
The automobile you drive has a huge impact in your insurance coverage. In case your automobile have been to get stolen or written off after an accident, your insurer must pay to exchange it. The extra this is able to price, the upper your premium might be.
Insurers additionally take a look at the price of components and repairs when calculating premiums – in case your automobile has costly components, insurance coverage will price extra.
Modifying your automobile will imply paying extra for insurance coverage, whereas putting in a tracker or different safety system will lead to paying much less.
All vehicles are categorised into insurance coverage teams from one to 50 – the extra highly effective and costly your automobile, the upper the insurance coverage group, and the extra you’ll pay. Automobiles such because the Fiat Panda, Ford Ka+ or Nissan Micra are in group one and are the most cost effective to insure. Automobiles such the BMW 2 Collection Coupe and Audi RS 4 Avant are in group 50 and the most costly to insure.
The place you reside
Your postcode impacts your automobile insurance coverage premium, because it’s assumed you’ll maintain your automobile at your private home and do most of your driving near the place you reside.
Insurers will take a look at whether or not you reside in an city or rural space and the crime charges in your space to evaluate how probably it’s that your automobile might be vandalised or stolen. In response to car monitoring firm AX Observe, the best variety of vehicles are stolen in London and the West Midlands. So that you’ll pay extra for automobile insurance coverage if you happen to stay in these areas.
Highway accident statistics additionally assist insurers predict how probably you might be to be in an accident.
Insurance coverage corporations can even wish to know the place you retain your automobile in the course of the day and at night time – parking in a storage or safe automobile park will lead to cheaper premiums than parking on the highway.
Your driving historical past
Insurers look carefully at your driving historical past when calculating your premium. Should you’ve claimed in your insurance coverage up to now, your premium will go up. An accident sometimes stays in your driving historical past for 3 to 5 years. The extra the declare was for, the extra it can affect your future premiums.
Dashing convictions can even lead to greater automobile insurance coverage, whereas convictions for drink driving or utilizing your cell whereas driving may have a fair greater affect.
Relationship standing
Generally, married folks and people cohabiting are inclined to get cheaper automobile insurance coverage charges than single folks.
That’s as a result of business statistics recommend that {couples} and households make fewer costly claims than single folks.
