When deciding how much your car insurance premiums will be, your car insurance company will take several factors into consideration. The main ones are as follows…

Your car : One of the best ways to get cheaper car insurance is by changing the make and model of the car that you currently drive. It might seem a drastic step, but your current car could be costing you thousands of extra dollars each year unnecessarily. You want to choose a car that is less likely to be stolen, for example.. If you insist on having a fast, fashionable car, then at least make sure that it has inbuilt safety features, as having those will at least get you some kind of discount on your insurance premiums.

Driving record : Essentially, the better your driving record is, the cheaper your car insurance premiums will be. Having speeding tickets or a history of getting into car accidents means that you are a high risk driver, and you will end up paying more for your car insurance. If you have a poor driving record, then it is definitely worth your while putting the time and effort in to making amends for it. The longer it was since your last offence, the less bearing it will have. Signing up for an advanced driving course is also advisable, to show insurance companies that you are serious about being a good, sensible driver from now on.

Your address : Whether they would like to admit it or not, car insurance companies use your address as a means of determining just how much you will pay for your car insurance. Whether this works out in your favor or not is a bit of a lottery. Whether your area is classified as ‘good’ or ‘bad’ depends on how many car accidents happen there each year and the statistical likelihood of your car being stolen or vandalized. If you live in a high risk area, you could easily find yourself paying twice as much as some who lives in a nearby city.

Your job : Having a job that requires you to do a lot of driving will increase your car insurance premiums. On the other hand, those who drive less than average, for example retirees or those who work from home, are likely to get discounts. Of course, you cannot change your job just to get cheaper car insurance, but there are a couple of things to consider. Using public transport more often is one option and asking your company to provide you with a company car is another.

Learn More : Cherished Car Insurance

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