If you are planning to drive in UK you can either rent a car (read here) or buy your own car. The thing that dreads most car drivers on International Driving license or Learner license or newly made Full License is the shockingly high auto insurance costs which at times turns out to be way more than the actual cost of the car you plan to buy. But fear not there are still ways to tackle this and in no time you will be able to drive in your own personal car.
First of all you need to understand what drives your automobile insurance up or down. The following run down will help you understand.
- How new you are to the UK roads?
If you have just started driving in UK with a learner license or you just have moved to UK with International Driving license or permit or if it has been less than a year since you got your full UK license made your insurance cost is definitely going to be high.
- UK license vs International License.
International license insurance policy costs are usually higher compared to UK license.
- Number of accidents you have had
The higher they are the more absurd the insurance premiums
If you have had rather a happening driving career with speed tickets, traffic violations, drinking and driving you likely will have to pay more
- How recent your offences are
Insurance companies may tend to be a bit lenient if your offences are buried deep in the your past but anything in the recent past will probably go against you.
The younger you are, they more reckless you tend to be thus the more you have to pay
Female drivers can get away with a slightly lower insurance rate because they tend to be safer drivers or their contact time on road is quite less compared to men
The more your occupation warrants you to be on the road the more insurance you have to pay
Usually expensive cars have expensive parts which are expensive to replace thus expensive is your insurance premium. But don't assume that you have a cheap car you will have to pay less insurance.
The older the car the higher the insurance costs
Diesel vehicles tend to have at least 10-15% more insurance costs because of high maintenance and high repair costs.
The faster your car, the more powerful the engine the more likely your are to bang your car so the more you have to cough up.
Certain modifications can make your insurance premiums reach sky high so keep that in mind
The more awesome your car the more likely it is that someone might find it more appealing than you and might take it off your hands for free! So you end up paying more for someones wrong intentions
The area where you live or work will also have an effect on your insurance costs
The more exposed your car is the more likely it is to get damaged so the more the insurance companies might have to pay so instead they ask you to pay more.
Any security measures, alarms, immobiliser will definitely help you reduce your insurance
If you have had no claims made to insurance companies it's definitely a good thing
If a claim is made you can either make the insurance pay the complete amount or you chip some in. The more you chip in the less is your insurance premium.
third-party only, third-party, fire and theft comprehensive, Lesser may not always be cheaper
There you go that's an exhaustive list plus a lot of other things that insurance companies may look at. Basically Insurance companies try their best to wiggle out in any possible way to avoid paying and even if they end up paying its minimum. Since you can not drive without insurance and the companies know that they have an upper hand. But there are a few companies that may help you get a lower insurance premium. Continue following this blog for
part II of this article.
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