Five things that make car insurance more expensive Which?
If you’re looking for low-cost car insurance , it’s worth being aware that factors above and beyond the company you choose will affect the price of your premium.
Last week Which? reported that Admiral Insurance Group quotes non-UK born drivers higher prices for the same level of cover, compared with those who have lived in this country all their lives.
While this is not an industry-wide practice – and Which? believes it is in breach of the Race Relations Act - there are other things you can’t always control which may have an impact on how much your cover costs. Here are five examples, and some tips on how you can prevent them from driving up the price you pay.
1. Your car's locationInsurance companies price all policies based on the risk that you will eventually make a claim. One of the factors they will consider when calculating this risk is your postcode.
Data on how many cars have been stolen, criminally damaged or involved in accidents in your area will be held by your insurer. If their statistics show vehicles kept there are particularly vulnerable to such incidents, it’s likely your policy will cost more.
