What else plays a part in the calculation of my premium?
While your address plays a huge role, other factors are used to calculate your premium including:
- your age – generally, the younger you are, the higher your insurance will be compared to elderly drivers. That's because younger drivers aren't as experienced and statistics show that 40% of young drivers have crashed by the time they're 23 – and so are more likely to make a claim
- your job – stereotyping can be harsh, but some jobs are perceived as being riskier than others
- how you use your car – you might pay more if you use your car for commuting compared to if you just pootle around every now and again. That's because driving in rush hour with all those other tired and stressed out drivers means an accident is more likely to happen
- annual mileage – the more miles you drive, the higher the risk of you having an accident
- The make and model of your car – the car you drive and the insurance group that the car is in has a big effect on how much you'll pay. Generally, the more expensive, powerful and desirable your car is, the higher your premium