Seven factors that can impact your car insurance price
Insuring your car is an expense you can’t avoid, however, research from GoodBye Car has found that it’s more costly for some than others. Read on to discover the seven factors that could be impacting your own car insurance price.
Seven factors that can impact your car insurance price
Employment status
Disabled and retired drivers pay almost double that of those in employment
Education status
Student nurses are charged the most for car insurance
Driving licence type
EU licence holders charge over £1,400 more for car insurance
Driving qualifications
Additional driving qualifications can increase your car insurance quote by over £450
Medical conditions
Medical conditions or disabilities can increase car insurance by up to £865
Bad policy history
A bad insurance policy history can cost you over £1,000
Criminal convictions
Criminal convictions can add £1,000 to your car insurance
Looking at employment status, GoodBye Car found the average insurance premium for retirees to be the most expensive at an eyewatering £1,743.
Whereas someone with the employment status as a ‘house person’ has the cheapest insurance premium as £859.66, which is over 50% cheaper than a retiree.
