Statistically female drivers are less likely to be involved in an accident than their male counterparts, which meant they used to get lower car insurance quotes compared to their male counterparts.
To add, male motorists account for 92% of all UK driving convictions and 98% of all the convictions are due to dangerous driving. But despite this massive difference, women drivers now pay the same as male drivers due to regulation passed by the European Court of Justice (ECJ), which makes it illegal for gender to be taken into risk accounts.
Age is a Factor
Despite gender not being allowed to be taken into risk calculations factors such as age and no claims discounts are still very important.
Statistically, young drivers are much more likely to be involved in an accident and therefore claim, compared to older, experienced drivers. As such, car insurance for young drivers can often seem extortionate but by being safer on the road, you will build up on your no claims discount and hence achieve cheaper car insurance quotes in the future.
Apart from age and gender there are other factors which affect your car insurance premium too. Below, we analyse some of these factors.
Type of car
Every car is categorised by insurance groups of between 1 – 50, with 1 being the cheapest to insure and 50 being the most expensive. Some of the factors which determine the category of the car include engine size, cost of repairs and acceleration power. You can obtain more information by visiting www.thatcham.org. So if you’re thinking of buying a new car, it might pay to see which car insurance group your potential purchase belongs to, as this will affect your car insurance affordability too.
In addition to this, the numbers of miles you travel also make a difference. Generally speaking, the longer you are on the road, the more likely an accident will occur. So by capping your mileage you could see a reduction in your car insurance premium.
Some neighbourhoods are safer than others, so the location of your home is an important factor. If the insurer thinks that the chance of theft and vandalism is high in your area, than they will reflect this risk in the premium they quote. To counter this, you could park your car off road or in a garage, which would be seen more favourably by the insurer. In line with this, if you enhance the security features of the car i.e. alarm, than this should achieve the same outcome.
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