Driving History – What Will Affect My Premiums When I renew?

Driving History – What Will Affect My Premiums When I renew?

Renewing your car insurance doesn’t have to be as stressful and costly as it’s made out to be, and it’s often quite easy to find cheaper deals and premiums based on your driver history.

Drivers often question how their driving history will affect their future policies. The truth of the matter is that insurance providers consider a lot of factors, from the living and marital situation of the driver all the way to their vehicular and road history.

Take a read below to discover some of the factors involved when premiums are calculated.

Personal Driving History

Your personal driving history will be considered when you are renewing your insurance deal. This will include any tickets, fines or driving penalties you have received or any points on your licence. Obviously, these factors can give an indication as to how safe and trustworthy a driver you are. A clean driving licence can go a long way in helping to reduce your yearly premiums.


What Vehicle Are You Driving?

In addition to your personal driving history, the vehicle you will be driving highly influences the yearly estimate of your car insurance. Factors like the vehicle’s age, the type of vehicle and its size and safety rating are likely to come under question.

When referring to your vehicle’s safety rating, we’re considering the top speed of your vehicle. It’s obviously going to be cheaper to insure a 1.2-litre Renault Clio than it is to insure a high-performance Subaru sports vehicle.

According to figures from Statista, there were 31.2 million cars on the roads across the UK in 2017, with each driver having their own tailored insurance policy suited to their particular vehicle.


Are you married? Where do you live?

Although they may seem like personal questions, your demographic situation can play a major role in the cost of your annual insurance renewal.

Firstly, insurance providers will consider the chance of theft of your vehicle; this is where your address and locality will be taken into account. If you live in a high-crime area, this may result in a higher premium.

Drivers can also enjoy lower premiums if they are married. Although it may seem outdated to suggest that marriage can mature people, in the eyes of the insurance companies, it signifies a reduction in road incidents. Who knows why?

The final information required includes your age, your number of years of driving, and your gender. A 50-year-old female with 30 years of driving under her belt can expect to enjoy much lower premiums than a 17-year-old male driver who has just passed their test.

Despite these judgements seeming stereotypical, they are some of the factors that insurance providers use to determine the value of the insurance policy and offer you the best price.

The insurance broker Call Wiser provides excellent options and insurance plans for a whole range of drivers. If you have a few questions about how your driver history will affect your quote, take heart that Call Wiser can answer some of the most common questions around car insurance.

This broker can provide a simple and hassle-free service where staff can strive to find the best quote for you.


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