When taking out a new car insurance policy, there are a number of things which can drive up the cost.
In order to keep your insurance costs as low as possible, it is imperative that you drive with care. Any accidents or offenses such as speeding will drive up the cost of your next policy as well as possibly loosing any no claims bonus which you may have.
The vehicle which you drive is a big factor in the overall price of insurance; those with a large engine are likely to be priced high, as are soft top cars which are seen as being attractive to thieves. Likewise, the post code of where you live can increase the cost of your policy, depending upon crime and accident statistics of the local area which the insurer will investigate. It will also be higher if the property in which you reside doesn’t have a garage or driveway parking.
It is generally thought that young drivers are the most likely to be involved in driving accidents and consequently, those under the age of 25 will find it extremely difficult to find reasonably priced insurance. The same thought process has been applied to the over 65 market, however in 2010 the Equity Bill is due to be passed and this will make it difficult for insurance companies to have premium prices based on age alone.