Petrol up, insurance down
Whilst most consumers understand that insuring a vehicle can be expensive, many fail to realise exactly what makes an impact on the premium rate of their insurance policy. Big factors such as age, gender, marital status, accident history, and the type of vehicle you insure all play a role in an insurance company’s determining of your premium rate. With the cost of running a car rocketing here are some useful tips to ensure that you get a good deal on that all important insurance.
Your job
Insurance companies have found that a person’s occupation can make them more at risk for accidents and insurance claims. Consider the local restaurant delivery person who is on the road more than average consumers.
Your mileage
If you have higher than normal mile each year, your insurance rates may be increased. The more time you spend in your car on the road, the more of an increase in the likelihood you can be involved in an accident.
Using your car for business
Whether you are self-employed or work for another company, if you are using your vehicle for business-related traveling, you can expect to pay more money for your car insurance premium.
Your driving experience
A teenager just starting out on the road will face a higher premium rate than would his/her parent. The number of years you have been driving will influence your rate. Young drivers who take an additional safe driving course, known as ‘Pass Plus’, can typically get a discount after completion of the course.
Your safety features
Many newer vehicles come with safety features that will add discounts to an insurance policy. If you have an older car, check with your agent to see what devices you can install or purchase to reduce your rates.
The amount of cars insured
Families who have more than one car to be insured often receive a sizeable discount for insuring multiple cars and drivers on one policy.
For more
affordable car insurance tips have a look at Co-op Insurance.