Car Insurance Companies

There are many different factors that car insurance companies take into account when calculating premiums.

One of the main influences is age. Younger drivers are likely to have less experience on the road, and are therefore thought to cause more accidents than other age groups. Figures from the Department for Transport indicate that nearly a third of dangerous incidents on the road are caused by under 25’s.

Gender also has a big effect on car insurance premiums, as it is widely recognised that women tend to have fewer accidents than men. This is especially true for younger age groups as, according to The AA, young men can expect to be quoted up to 59% more than their female counterparts.

The area in which you live can have an impact as companies tend to charge a higher premium to those living in areas with high crime rates. Security devices such as car alarms can help bring premiums down, as can storing the car in a garage.

Finally the car itself will affect the price charged. A larger engine will raise the premium, as will modifications such as alloy wheels.

If you’re looking for the best deal on your car insurance, InsureandGo has access to the best rates across the UK, searching over 30 leading providers in a matter of minutes.