How British Car Insurance Prices Are Worked Out

CAR INSURANCE How prices are worked out Confused.com AGE & GENDER 17 year old male 17 year old female £ £ Older drivers Younger drivers pay more, typically those aged 17 to 25. Women statistically have fewer accidents than men and are seen as less of a risk - they pay lower premiums as a result. POSTCODE Where you live affects the price you pay for car insurance. Map Key Numeric value is the Check out the map for 503 average premiums average premium in £ across the UK. 486 5 areas with the lowest average premium 551 5 areas with the highest 479 average premium 762 600 668 612 732 873 592 615 553 779 540 632 524 991 631 795 526 560 485 OCCUPATION Certain jobs can lower or boost premiums because of risks associated with them: Moral Hazards Risk Of Association Using Car For Work Working Hours There may be discounts for teachers, police or solicitors, for example. If you mix with the rich and famous then this may add to your premium. Using your vehicle for business purposes can hike your premium. Work at night when the roads are quieter and you may get a discount. LENGTH LICENCE HELD YEAR 1 Having your licence for a short time costs you more Having your licence for a long time costs you less The longer you've been driving the cheaper you are to insure. CONVICTIONS Costs less Costs more If you've been convicted of a motoring offence, like speeding, expect your car insurance price to rise. VEHICLE TYPE £ 5 door 5 door hatchback 4 door saloon 3 door Coupe estate hatchback Costs less Costs more The car you drive can affect the price of your car insurance. VEHICLE AGE & YEARS OWNED £ Costs less Costs more Older vehicles are cheaper to insure. Also, the longer you've had your car the cheaperinsurance will be. NO CLAIMS BONUS Less than 5 years More than 5 years costs you less Years costs you more The more years you drive without making a claim the cheaper your insurance will be. Less than five years no-claims bonus & you typically pay more. But anything over 5 years should see a discount. HIGH ANNUAL MILEAGE Generally if you drive a lot, insurers charge more. VOLUNTARY EXCESS EXCESS DISCOUNT If you opt to pay more voluntary excess your insurance premium will reduce. Generally any excess from £50 onwards make you cheaper insure. But only opt to pay any excess you can afford. CAR INSURANCE How prices are worked out Confused.com AGE & GENDER 17 year old male 17 year old female £ £ Older drivers Younger drivers pay more, typically those aged 17 to 25. Women statistically have fewer accidents than men and are seen as less of a risk - they pay lower premiums as a result. POSTCODE Where you live affects the price you pay for car insurance. Map Key Check out the map for 503 Numeric value is the average premiums across the UK. average premium in £ 486 5 areas with the lowest average premium 551 5 areas with the highest 479 average premium 762 600 668 612 732 873 592 615 553 779 540 632 524 991 631 795 526 560 485 OCCUPATION Certain jobs can lower or boost premiums because of risks associated with them: Moral Hazards Risk Of Association Using Car For Work Working Hours There may be discounts for teachers, police or solicitors, for example. If you mix with the rich and famous then this may add to your premium. Using your vehicle for business purposes can hike your premium. Work at night when the roads are quieter and you may get a discount. LENGTH LICENCE HELD £ YEAR 1 £ Having your licence for a short time Having your licence for a long time costs you more costs you less The longer you've been driving the cheaper you are to insure. CONVICTIONS £ £ Costs less Costs more If you've been convicted of a motoring offence, like speeding, expect your car insurance price to rise. VEHICLE TYPE £ £ 5 door estate 4 door saloon 5 door 3 door Coupe hatchback hatchback Costs less Costs more The car you drive can affect the price of your car insurance. VEHICLE AGE & YEARS OWNED £ £ Costs less Costs more Older vehicles are cheaper to insure. Also, the longer you've had your car the cheaper insurance will be. NO CLAIMS BONUS 4 £ 6 £ Less than 5 years Years More than 5 years costs you more costs you less The more years you drive without making a claim the cheaper your insurance will be. Less than five years no-claims bonus & you typically pay more. But anything over 5 years should see a discount. HIGH ANNUAL MILEAGE Generally if you drive a lot, insurers charge more. VOLUNTARY EXCESS DISCOUNT EXCESS If you opt to pay more voluntary excess your insurance premium will reduce. Generally any excess from £50 onwards make you cheaper insure. But only opt to pay any excess you can afford. CAR INSURANCE How prices are worked out Confused.com AGE & GENDER 17 year old male 17 year old female £ £ Older drivers Younger drivers pay more, typically those aged 17 to 25. Women statistically have fewer accidents than men and are seen as less of a risk - they pay lower premiums as a result. POSTCODE Where you live affects the price you pay for car insurance. Map Key Check out the map for 503 Numeric value is the average premiums across the UK. average premium in £ 486 5 areas with the lowest average premium 551 5 areas with the highest 479 average premium 762 600 668 612 732 873 592 615 553 779 540 632 524 991 631 795 526 560 485 OCCUPATION Certain jobs can lower or boost premiums because of risks associated with them: Moral Hazards Risk Of Association Using Car For Work Working Hours There may be discounts for teachers, police or solicitors, for example. If you mix with the rich and famous then this may add to your premium. Using your vehicle for business purposes can hike your premium. Work at night when the roads are quieter and you may get a discount. LENGTH LICENCE HELD £ YEAR 1 £ Having your licence for a short time Having your licence for a long time costs you more costs you less The longer you've been driving the cheaper you are to insure. CONVICTIONS £ £ Costs less Costs more If you've been convicted of a motoring offence, like speeding, expect your car insurance price to rise. VEHICLE TYPE £ £ 5 door estate 4 door saloon 5 door 3 door Coupe hatchback hatchback Costs less Costs more The car you drive can affect the price of your car insurance. VEHICLE AGE & YEARS OWNED £ £ Costs less Costs more Older vehicles are cheaper to insure. Also, the longer you've had your car the cheaper insurance will be. NO CLAIMS BONUS 4 £ 6 £ Less than 5 years Years More than 5 years costs you more costs you less The more years you drive without making a claim the cheaper your insurance will be. Less than five years no-claims bonus & you typically pay more. But anything over 5 years should see a discount. HIGH ANNUAL MILEAGE Generally if you drive a lot, insurers charge more. VOLUNTARY EXCESS DISCOUNT EXCESS If you opt to pay more voluntary excess your insurance premium will reduce. Generally any excess from £50 onwards make you cheaper insure. But only opt to pay any excess you can afford. CAR INSURANCE How prices are worked out Confused.com AGE & GENDER 17 year old male 17 year old female £ £ Older drivers Younger drivers pay more, typically those aged 17 to 25. Women statistically have fewer accidents than men and are seen as less of a risk - they pay lower premiums as a result. POSTCODE Where you live affects the price you pay for car insurance. Map Key Check out the map for 503 Numeric value is the average premiums across the UK. average premium in £ 486 5 areas with the lowest average premium 551 5 areas with the highest 479 average premium 762 600 668 612 732 873 592 615 553 779 540 632 524 991 631 795 526 560 485 OCCUPATION Certain jobs can lower or boost premiums because of risks associated with them: Moral Hazards Risk Of Association Using Car For Work Working Hours There may be discounts for teachers, police or solicitors, for example. If you mix with the rich and famous then this may add to your premium. Using your vehicle for business purposes can hike your premium. Work at night when the roads are quieter and you may get a discount. LENGTH LICENCE HELD £ YEAR 1 £ Having your licence for a short time Having your licence for a long time costs you more costs you less The longer you've been driving the cheaper you are to insure. CONVICTIONS £ £ Costs less Costs more If you've been convicted of a motoring offence, like speeding, expect your car insurance price to rise. VEHICLE TYPE £ £ 5 door estate 4 door saloon 5 door 3 door Coupe hatchback hatchback Costs less Costs more The car you drive can affect the price of your car insurance. VEHICLE AGE & YEARS OWNED £ £ Costs less Costs more Older vehicles are cheaper to insure. Also, the longer you've had your car the cheaper insurance will be. NO CLAIMS BONUS 4 £ 6 £ Less than 5 years Years More than 5 years costs you more costs you less The more years you drive without making a claim the cheaper your insurance will be. Less than five years no-claims bonus & you typically pay more. But anything over 5 years should see a discount. HIGH ANNUAL MILEAGE Generally if you drive a lot, insurers charge more. VOLUNTARY EXCESS DISCOUNT EXCESS If you opt to pay more voluntary excess your insurance premium will reduce. Generally any excess from £50 onwards make you cheaper insure. But only opt to pay any excess you can afford.