Find Out How You Can Get A Lower Insurance Cost?

Are you looking to lower your insurance cost? Insurance rates for vehicles can be influenced by a number of factors. Some of which we have more control over than others. Here, we’re looking at a few things that can increase or reduce your insurance quote.

Age

One of the most common factors affecting car insurance is the age of the driver. Younger drivers tend to be less experienced. Younger men will generally incur higher prices than young women, whilst elderly men will often be quoted marginally less than women of the same age. Age is an important factor to consider along with experience. The longer a driver has been on the road without serious incidents, the cheaper the insurance should be. This is one of the few factors that we can’t control. However, it is worth being aware that other factors, such as the model of the car and where it is kept, are very important when coupled with this.

Marital Status

Statistically, married couples tend to have fewer accidents than unmarried couples. Because of this, you can often see an insurance quote being lowered significantly (based on driver history).

Job

People working in specific fields will spend more time on the road and can be considered high-risk drivers. Those who commute long distances for work or work as a driver will likely also attract higher premiums. Sectors that see large numbers of accidents that aren’t necessarily driving based could also see higher premiums by association. For example, sports professionals often gather much higher costs due to the number of accidents involving those in similar positions.

Credit Score

Some companies look at this as a small factor. But, it can have a slight impact on insurance quotes if you have a particularly low credit score.

Address

Location plays a big part in the cost of insurance. A busy area with a high accident or vehicle theft rate can push insurance costs up. When moving house, it’s important to check with your insurance company that there are no issues with the new address.

Vehicle Specification

The Safety Rating will play a huge part. This can be based on things such as airbags, traction control, and seatbelts. The engine size, vehicle size and age of the car will also make a difference to the final insurance figure. This is because they affect the potential cost for:

1. a) repairing the vehicle (should there be any damage)
2. b) potential financial responsibility (should any passengers be involved in a collision)

Driver Behaviour and History

Mostly, an insurance quote comes down to the actions of any named drivers of the car. The estimated yearly mileage can increase or reduce the final insurance quote, as can where the vehicle is being kept (e.g. garage, road, drive). Additionally, any previous claims, points on a license or serious driving convictions can hugely change quotes. Some convictions, such a drink driving, may mean that insurance companies refuse to insure a vehicle altogether.

In our scheme, insurance is included in the monthly cost. This is so you don’t have to worry about the ins and outs. Furthermore, being aware of how you can keep costs to a minimum will help us get the best deal that we possibly can for you. As well as the cost of the vehicle and insurance, we also take care of all of servicing and tyres, it’s included in the monthly payment! To find out more about how our car schemes can work for you, contact our Driverline team!