Your age, claims history, driving experience, type of car and engine size all affect the cost of your car insurance. However, some other less well-known factors affect your car insurance costs. Whilst you cannot influence or change most of them it is still useful to know what they are.
Your postcode has a significant impact on how much your car insurance costs. If the area you live in has a big car crime problem, your car insurance costs will soar. Short of moving there is not much you can do about this, but if you park your car in a garage most companies will offer you a discount. However, be sure to always put your car away in the garage, if that is where you policy says it is parked. Not doing so could result in the insurance company not paying out in the event that you need to make a claim.
If you are on a tight budget and need to reduce your car insurance costs, the best way to do this is to change your car. A good insurance broker will know which cars are cheapest to insure and more or less how much you can save by changing cars. Car websites and trade or car magazines are another good source of information.
Recently car insurance companies have started to check the credit rating of its potential clients, prior to giving a quote. The reason for this is that people with low credit ratings are more likely to make an insurance claim; as a result these people are being charged more for their insurance. You can negate this to some extent by agreeing to pay for your policy annually rather than monthly.
If you cover fewer miles than the average driver does you may be able to get a discount on your insurance. Some companies also offer discounts to car owners that have had tracker devices fitted to their cars.