The following will help you find the best car insurance quote or automobile insurance quote.
For car insurance quotes, you’ll require the following details to hand:
Information about your car
1. The make and model, plus the age and value of your car (every make and model of car is allocated to an insurance group, which helps determine your premium.
2. The which group your car belongs to.
3. You’re also required to declare any modifications you’ve made to
Information about you
4. Your job
5. age,
6. Where you live will need to be provided
7. Your driving history (including any convictions and claims).
8. Named drivers
9. The names and licence details of anyone who will be driving your car need to be provided.
No Claims Discount (NCD) history
Details of your no claims discount will help lower the price you are quoted.
How is car Insurance Quotes Calculated?
1. Your age
Age is one of the most significant ranking factors that insurers use. Younger drivers have less experience at the wheel than older drivers and so are statistically more likely to be involved in an accident.
Drivers aged between 17 and 25 generally face the highest premiums.
Drivers who hit 25 years of age instantly get lower insurance prices. This isn’t always the case, but there are other ways for young drivers to lower their costs.
2. Your occupation
Certain occupations mean that you spend more time on the road, carry important equipment with you, or work in high-risk areas.
Due to the statistical nature of insurance pricing, occupations that are very similar can often have a noticeable difference in price.
.
This is why it’s important to describe your occupation correctly.
3. The car you drive
The kind of car you drive will have a large bearing on how much you pay for your insurance.
The more expensive your car, the more it’d cost to replace if stolen or written off in an accident.
Pricier cars may also cost more to repair, particularly if they’re rare and have expensive spare parts.
But don’t assume that just because your own car isn’t worth much, it’ll be cheap to cover.
Insurance isn’t just for damage to your own vehicle - it also protects other road users against accidents you might cause.
Power
The faster and more powerful your car is, the more likely it is to be involved in an expensive accident. So generally, the larger your engine, the higher the insurance costs.
Modifications
If you modify your car to make it more powerful or to look different, you should inform your insurer.
Desirability
If you own a particularly desirable car, your insurer may consider you at greater risk of theft. Improving your vehicle’s security can help offset this – that or get an uglier car.
4. Where you live
Your postcode also has a bearing on the cost of car insurance.
If you live in a built-up area where the risk of accidents is generally greater, you’ll pay more. The same applies if you live somewhere with high levels of vehicle crime.
5. How you use your car
If you use your car for commuting, you’re likely to pay more for cover than if you keep your car parked at home during the week, as you’ll be driving more often and on busier roads.
Your annual mileage is also considered. After all, the more you drive, the more likely you are to be involved in an accident.
6. Your driving history and no-claims bonus
Have you made any claims? Do you have any points on your licence? These are significant factors insurers will consider when calculating your premium.
When applying for insurance, you’ll be asked for details of any claims you made in the past five years. Even if you weren’t at fault, the claim will still probably push up your premiums to some extent.
If you haven’t made any claims for a year or more, you should have some form no-claims bonus (NCB).
Most insurers will accept up to five years of NCB, which can help reduce your costs.
7. Your excess
The more you agree to, the less your insurance tends to cost.
This is because you’re shouldering a greater amount of the risk. Any potential pay-outs from your insurer are reduced, and low-value claims may be uneconomical for you.
On the other hand, if you choose no voluntary excess, an insurer will have to pay the full amount - minus compulsory excess - in the event of a claim. Therefore you could face a higher premium.
8. The type of cover you buy
There are three levels of car insurance cover:
third-party only
third-party, fire and theft
comprehensive
Third party-only offers the most basic level of protection, whereas comprehensive adds extra levels of cover.
You'd think that the higher the level of cover you go for, the more expensive your premiums would be, but this maynot always the case.
It’s worth checking the price you’ll pay for each level of cover, as some drivers find they can get more for less!. Thanks for going through our guide on car insurance quotes, hope it helps you decide on your auto insurance quote.
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