What other factors can affect the price of my car insurance?
Lots of factors influence the cost of your car insurance, including your individual circumstances. The higher the accident risk, the higher your insurance premium is likely to be. Risk factors include:
- Your age. Young drivers typically pay more for their car insurance than older, more experienced, drivers. According to our September 2018 Young Drivers Report, the average annual premium for 17-24 year olds is £1,324.
- Your postcode. Some areas are considered at higher risk of theft and vandalism than others. For example, an inner city suburb car will probably cost more to insure than one from a rural postcode.
- Your job title. If your occupation is considered high risk, you could end up paying more. For example, a labourer might have a higher premium than a secretary.
- Your car insurance group. Generally, the higher the group your car is in, the higher your premium will be.