Age and profession
Insurance companies make an assumption about the amount of risk that your job entails. The higher the risk, the higher the car insurance rate. Paramedics are usually given lower rates as they are perceived to be safe drivers, whereas journalists are given higher rates as they are perceived to be a higher risk because much of their working day is spent driving. When it comes to age, young drivers usually have to pay higher car insurance.
Surprisingly where you live can effect how much car insurance you will have to pay. If you live in a heavily populated and built up area, then the odds are that you will pay much more for your car insurance because of the higher risk of car accidents. On the flip side, if you live in the countryside, then your car insurance should be a lot cheaper.
Size of vehicle
The size of vehicle and the engine, all play a part in how much car insurance you will pay. Larger cars are seen to be more safe when involved in an accident, as opposed to a smaller car. However, cars with larger engines usually cost more to insure than cars with a smaller engine. So both the engine size and size of car will be considered when calculating your insurance rate.
Safety of the car
Every car has a safety rating that is based upon the likelihood of an accident, the safety of passengers and driver in an accident and the overall safety features of the car. This means that you will pay a much lower rate of car insurance for cars that are perceived to be safe by your insurance provider.
New Vs Old Car
There are pros and cons to both the new and old car. Generally older cars cost a lot more to repair when they are involved in an accident. However the good news is that older cars generally cost less to insure, which is good news for students. Newer cars on the whole cost a lot more to insure than older cars.
Driving history will effect how much insurance you will pay. So if you have been in any accidents, received speeding tickets or have made any previous insurance claims, then the amount of car insurance you will pay will increase.
Chance of theft
A car insurance company will check the likelihood of your car being stolen. If it is a popular model amongst thieves, then you will pay much more for your car insurance. Installing safety measures such as a car alarm can reduce the amount you pay.
When you buy a car from Auto Choice Bristol the good news is that it comes with a 3 month RAC warranty and breakdown cover. Find out more at Auto Choice Bristol today.