Anyone who drives a car is required by law to obtain car insurance, but doing so can not only be expensive but it can also be a confusing business.
The aim of this article is to help you understand the factors of finding the right insurance for you and to suggest ways that could lower your car insurance premium.
Your choice of car
The make and model that you choose will have a profound effect on the price of your car insurance premium. This is because some cars are considered to be more of a risk.
Generally, the size of the engine is a major factor because the bigger the engine the faster and more powerful the car will be – thus, it is more of a danger on the road. This means that the less powerful the car you drive, the lower your car insurance is likely to be.
Safety is also a factor – if your car includes all of the latest safety features such as electronic stability controls and curtain airbags, this will also help to lower your premium.
Stated simply, the more secure your car is, the less of a risk it is to insurers and the less you will have to pay in insurance.
Parking your car on the road as opposed to locking it up in your garage will probably mean that your premium will be higher. Of course, a car that is locked away will be less exposed to damage and/or theft.
Where you live
Your postcode will have a significant effect on your car insurance.
If, for example, you live an area with a high crime rate where car thefts are relatively common, your premium will be higher than if you lived in an area with a low crime rate.
You can minimise any potential hike in your car insurance here by installing an alarm system if your car doesn’t already have one, or by using a wheel clamp when not driving.
These are just a few of the bigger factors that can affect your insurance premium but you can help bring it down over time by driving safely and not getting carried away when you are on the road as this inevitably leads to accidents and an increase in premiums.