What Affects Your Car Insurance Premium? | Rooster
Ever wondered what affects your car insurance premium? Insurance companies use several factors to calculate your costs, and understanding them can help you find ways to lower your premium. Let’s break it down.
1. Your Driving Record
The better your driving history, the lower your premium. Accidents, speeding fines, and previous claims can increase your costs, while a clean record can help you get cheaper insurance.
2. Your Age and Experience
Young and inexperienced drivers typically pay more because they’re statistically more likely to be involved in accidents. More experienced drivers with a clean record usually get lower premiums.
3. Your Car’s Make and Model
High-performance or luxury cars cost more to insure because they’re expensive to repair or replace. On the other hand, smaller, lower-value cars usually attract cheaper insurance rates.
4. Your Annual Mileage
The more you drive, the higher your risk of being in an accident. If you can reduce your annual mileage, you might be able to lower your insurance costs.
5. Where You Park Overnight
Parking your car in a garage or driveway is safer than leaving it on the street, reducing your risk of theft or damage—and lowering your premium.
6. The Type of Cover You Choose
- Third-party insurance (the minimum legal cover) isn’t always the cheapest.
- Fully comprehensive insurance often provides better protection at a competitive price.
7. Your No Claims Discount (NCD)
The more claim-free years you have, the bigger the discount you’ll get. Some insurers offer up to 75% off for drivers with a long NCD history.
How to Get the Best Deal on Car Insurance
Now that you know what affects your car insurance premium, here’s how to save money:
Drive safely and build your No Claims Discount
Choose a car with a low insurance group rating
Park securely and reduce your annual mileage
Compare quotes to find the cheapest policy
Find the Best Price with Rooster
At Rooster, we search over 100 providers to find you the cheapest insurance—even if it’s not with us.
Download the Rooster app today and start saving on your car insurance!
