web analytics
Why Is My Insurance So High?


Why Is My Insurance So High?

Can’t seem to get a cheap insurance quote? High insurance premiums can enough to put some people off owning a car. Getting to the bottom of why you’re rates are so high can help you to find a solution to reduce your rates. Here are just some of the big factors that can cause people’s car insurance to skyrocket.

Driver age

Being a young driver can make you a higher risk to insurers and is the most common reason for high insurance prices. The longer you’ve driven, the cheaper your rates will get, however you can speed up the process by taking an advanced driving course or opting for a black box scheme. Older drivers are also now getting hit by higher rates, although a good driving history can make a difference.

Driver location

Where you live can also affect your insurance rates. Statistics show that most people get into accidents near their home – it’s believed that most people are comfortable with these roads and therefore drive faster and take more risks. If you live in an urban location, there are likely to be more drivers on the roads, which could make you a higher accident risk. Urban areas also have a higher car theft rate in general. There’s not much you can do if you live in a costly area other than move – storing your car off-road or in a garage could make it less prone to theft reducing your rates slightly.

Credit score

If you’ve got a poor credit score, this could be a reason for your high rates. A credit score builder loan could be worth taking out to rectify this, as well as taking efforts to pay off any current debts you have (try and get that car loan paid off!).

Profession

Insurers also take your occupation into account. If your job demands that you drive around a lot such as delivery work, handyman work or real estate, it could cause your insurance rates to spike. You shouldn’t ever lie to insurers about your job, but consider wording your job title so that it sounds less high-risk. Certain keywords like ‘builder’ may trigger higher insurance rates, whilst ‘bricklayer’ may not.

Driving history

If you’ve got a bad driving history including accidents, driving penalties and recorded crimes related to driving, it’s likely that you’ll pay higher insurance rates because you’ll be seen as a higher accident risk. This driving history can be difficult to shake off, however black box schemes and advanced driving courses could help to prove that your bad driving days are behind you and help to establish trust with insurers. You may even be able to avoid points on your license by taking a driving awareness course as an alternative option.

Vehicle age

As for your vehicle itself, there’s a lot of individual factors that can affect insurance costs. The age is often a big decider – as with drivers, newer and older vehicles are the most expensive. New cars are often a higher theft risk, which is why they’re higher to insure. Adding extra security features to your car or parking in a garage could lower your rates. As for older cars, a higher risk of wear and tear makes them higher accident risks. Not all providers will charge more for depreciating vehicles – some car insurance companies may lower rates with each passing month. Similarly, there are some insurers that charge less for new cars as a USP.

Vehicle size

Size all matters when it comes to insurance. Big cars are more likely to get in accidents and are often more expensive. This is more the case if you live in an urban area where there’s more congestion. There’s not much you can do about the size of your vehicle, however you may be able to find specialist insurers that cater to large vehicles and can offer cheaper rates.

Vehicle model

Some models are simply more high risk. They may have a low safety rating or they may have a high theft rate due to being more luxury vehicles. This is a big factor to consider when buying a new car – vehicles that have been around a few years will have more available stats when it comes to crashes and theft.


Booking.com



Browse our latest car database to discover more cars                    


Discover all-new BMW X4





Loading...

Discover more automotive news & videos


Articles from the main page



Browse the latest new cars


Discover the latest new cars

33,16,0,100,2
600,600,60,2,5000,5000,250,2000
90,300,0,50,12,25,60,2,70,12,1,30,2,0,1,5000
The world’s most popular roadster, the Mazda MX-5, has a whole new look. After 25 years and over 947,00 sales worldwide, the new fourth-generation 2014 Mazda MX-5 (known as the Mazda Miata in the US) has finally been revealed. The MX-5 is one of Mazda’s most iconic models
Mazda revealed the all-new Mazda MX-5 Roaster
MINI SuperleggeraTM Vision
MINI SuperleggeraTM Vision
Only 500 serialized 2015 Alfa Romeo 4C Launch Edition coupes will be available through 86 Alfa Romeo dealerships (Four in Canada) this summer with a Canadian MSRP of $75,995; followed by the standard Alfa Romeo 4C coupe arriving in the fall with a Canadian MSRP of $61,995.
All-new 2015 Alfa Romeo 4C Coupe
The centrepiece of the Mercedes-AMG GT, the new 4.0-litre V8 biturbo, responds instantly with extreme power right from low revs and delivers outstanding performance.
The new Mercedes-AMG GT
The new BMW X4 is based on the technical blueprint of the BMW X3, but displays a sporting character very much its own and takes dynamics to another new level. That much is clear when you view the new model head-on. The look & feel is similar with BMW X6
Discover all-new 2014 BMW X4
The Alfa Romeo has become synonymous with style. Many people crave the look of an Alfa. However, this car is not a one trick pony. It performs as well as it looks. For many, they feel that they have to compromise style over speed. With an Alfa, this is simply not the case.
The Classic Alfa Romeo Montreal: Is it Worth the Hype?
Months of speculation ended today after Volvo Cars unveiled its all-new Volvo XC90, delivering on its promise to introduce a visually striking, premium quality seven-seat SUV with world leading safety features, new powertrain technologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.
World premiere: Please welcome the all-new Volvo XC90


Sport car of the month


Discover All-new Jaguar F-Type Coupe & R



ENTERTAINMENT

All-new Jaguar F-Type Coupe & R

5-liter supercharged V8 engine and will reach 60 mph in 4.0 seconds, and a top speed of 186 mph (electronically limited)2. The F-TYPE S Coupe and F-TYPE Coupe are powered by 3-liter supercharged V6 engines in 380hp and 340hp forms respectively, giving 0-60 mph in 4.8/5.1 seconds and top speeds of 171/161 mph2.

The F-TYPE Coupe visual message is defined by three key ‘heart lines’, that visual message beginning with the formidable grille. It is from the twin ‘shark gill’ openings that sit either side of the grille that the essential first heart line – which mirrors the design of the F-TYPE Convertible – flows and begins to take shape. Running up through the headlamp, and accentuated by the LED ‘J blade’ signature running lamps, the line then arcs up over the front wheel arch before dropping elegantly as it runs through the door, washing out into the muscular rear haunch.

The second heart line begins at the rear edge of the door, swelling outwards and upwards to create a visually strong wheel arch, emphasizing the car’s rear-wheel drive layout, before dropping vertically through the tail lamp ...





Auto Mechanic Advice


Advice from experienced mechanics from several fields!






Auto Speed Market is a car blog with the latest automotive, F1 and car news. Auto Speed Market is trying to provide extra
information to car enthusiasts, will be presenting new cars and concepts, prices and statistics of the automotive world.
Auto Speed Market also offer tips for buying a new car or second hand vehicle.