Most car insurance companies will look at a few different things to figure out how much you are likely to end up paying for policy. Based on those answers what you have answered to insurance companies, they weigh up your “risky” you are as a driver and how likely you to make a claim and some of the things that increase or decrease premium what you pay each year are:
1. What type of car you have and how old car is
3. The driver/owner – Age and gender
4. Driving experience – From how many years your driving
5. Claim history – How many claims you have done form past 3 years
6. Type of policy cover – What type of cover required, comprehensive, package or third-party cover
7. No Claim Discount – how much percentage no claim passed by the last insurer
You can use a car insurance idv calculator to determine your IDV and premiums or ask an insurance agent to provide you quotes. Or the easiest options, you can compare car insurance online using Insuremile!
