How your car insurance quote is calculated

There are a number of factors that determine how much your insurance will cost you. These include:

The car's value and insurance category - Insurance companies place vehicles in different categories depending on their value and performance. The categories range from Group 1 to Group 20. The higher the group number, the higher the price for your car insurance.

Postcode – Where you live can impact greatly on the amount you pay. If you live in a city environment then you can expect to pay a lot more than those who live in a rural setting. Adding additional security measures such as alarms and immobilisers to the vehicle can help reduce the cost.

Claims History - Building up a large no claims history proves to the car insurance companies that you are of low risk. Different insurers operate their no-claims bonuses in different ways. A typical example would be a 30% discount after a years driving without making a claim. If you build up to five years no-claims then you could save up to 65%.

Age and experience – Drivers under the age of 25 or newly qualified drivers are seen as high insurance risks. Age and experience plays a big part in how much your insurance costs you, so the older you are and the more experience you have then the less you will have to pay.

Occupation – Your occupation can affect car insurance premium. If you are a celebrity or you're in the entertainment business then this makes you a higher risk than, for example, a teacher.