When it comes to car insurance there are some factors that affect your quote that you can control and others that you can’t
Very cheap car insurance does exist – we’ve seen reports of car insurance quotes as low as 96p a year for comprehensive cover*. However, not all drivers can expect to be so lucky – what makes a very cheap car insurance quote for one driver might not work for the next.
Read on to find out which factors are looked at when determining your quote and what you can do to help get very cheap car insurance.
The factors you can’t control
Young drivers are statistically more likely to have an accident and make a claim, and therefore have to pay higher insurance premiums.
Your driving record
If you’ve got points on your licence or a driving conviction you’ll have to pay a higher premium as insurers will consider you to be more of a ‘high-risk’ driver.
Your previous claims
Insurance companies reward drivers who don’t make claims on their car insurance with a no-claims discount, which means the less you claim, the less you potentially pay for your car insurance.
The factors you can control
In general, paying a higher excess – the amount you’d have to pay upfront if you made a claim – will mean paying a lower premium. However, you need to make sure that you’re able to afford to pay the excess if you do need to make a claim.
Installing security devices such as a high-tech immobiliser will help cut the cost of your insurance premium.
Your level of cover
The level of cover you choose will affect the price you pay – third party is usually the cheapest, while comprehensive is often the most expensive, though this isn’t always the case.
Other factors that affect your premium
Where you live can have positive or negative or negative effect on your premium – for example, if you live in an area with a high rate of crime, your costs are likely to be more expensive than in other lower risk areas.
Lower annual mileage can lead to cheaper car insurance, so try to be as accurate as you can when getting a quote.
If you park in a garage or driveway you can expect cheaper car insurance than if you park on the road due to the reduced risk of theft.