What affects my insurance price

Ever wondered how the cost of your insurance is calculated? The pricing of your insurance can be a mystery if you're not familiar with the reasons as to why the cost goes up and down. The best thing that you can do is to figure out how to keep your costs down, that's all any of us want really.

Check out just some of the factors that insurance companies use to determine the cost of our car insurance.

1. Your years of driving experience

If you're a new driver, perhaps you've only just passed and you're in your first year, then you should expect your car insurance to be rather pricey. The rationale behind this is that the less experienced than you are in driving, the more likely you are to be involved in an accident.

So if you wanting to drive on the cheap, a good way to do this is to find another driver to name in your insurance, preferably somebody who has been driving longer you.

2. Where you live

Location, location, location. Basically, if you live in an area that has a high rate of car crime or insurance claims then you've buggered it and it's likely that you'll be paying a lot more for your insurance. For the majority of people, there's not much that you can really do about this as many people aren't going to move home just to save on their car insurance. You'll just have to live with it.

3. Your engine size

This one is fairly simple and straightforward. The bigger your engine in your car, the higher your insurance cost.

The way that insurance companies look at this is that the bigger your engine size, the more likely that you are to have an accident.

So although you might really want a car that has a big engine, think about how this will affect your insurance cost and whether or not it's really worth it.

4. Your birthday

The way that insurance companies view this is that the younger you are, the less experience you have at driving, which means you're more of a risk on the road.

Sadly, there's not much that you can do about this if your a young person other than just to be extra careful when you on the road.

5. Stealability of your car

If your car is more likely to be stolen then you should expect an increase of your car insurance. The make of your car is really important for this one as insurance companies will consider how many vehicles similar to yours have been stolen or broken into and will take this into account when calculating the cost of your insurance.

6. Safety features

Did you know that insurance companies love airbags? Yes, it's true. The more safety features that you have within your car then the cheaper your insurance might be.

If your car is well kitted out with all the safety features that could help to save your life, then the insurance company will see you as less of a risk when out on the road and therefore make your insurance that little bit cheaper.

If from reading this you've decided that now is the time to sell your car and opt for one that could help you save on the cost of your insurance then you've come to the right place!

We can help you get rid of your current car in the quick of a flash. The car selling process has never been easier with Jamjar and we can help you to take your car off your hands quickly and safely.

Just simply enter your registration number and we'll provide you with a FREE instant online car valuation within seconds. You'll receive a list of offers and have the pick of the bunch when it comes to choosing the best price for your vehicle.

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