Top Posts
Impact of Injuries on Mental Health and Wellbeing
What Should I Do After a Slip and...
When is it Too Late to Hire a...
Most Popular And Safest Digital Currencies for Gambling...
Innovative Estate Planning: SMSFs and Digital Assets in...
Elevate Your Online Presence: The Magic of a...
TOP-10 Game Art Companies in USA for 2023
Breaking Down the Myths: Dispelling Common Misconceptions About...
How the Latest Online Baccarat Offers Numerous Jackpots...
The Secrets to Taking Full Advantage of Your...
  • About Us
  • Latest
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
CarsEconomics

Vehicle insurance prices in UK

by Lana Vrzic December 16, 2018
by Lana Vrzic December 16, 2018
1.2K

Prices of vehicle insurance in the UK vary greatly based, mostly, on age and type of the vehicle. There are also other factors that can affect the price of the insurance as well. Based on this information, insurance companies make estimates about how likely you are to get into a car accident.
If they decide that the chances of an accident are high and they will expect to lose more by insuring you, that means that you will get a more expensive quote. Since the prices vary so greatly, it can be hard to know if you’re getting a good deal or being ripped off.
So, you’ll need to do some research before starting a hunt for a new insurance company. Hopefully, this article can help you with your search.

img source: turtlemint.com

The type of car you drive, model, age and its value influence the cost of the insurance. While sports cars are seen as the ones that are most likely to be involved in accidents, brand new vehicles may have high-quality safety features, but they also have a high value meaning it will cost more to repair it.
Group 1 cars are cheapest, while vehicles from group 2 are the second cheapest. If you want to get the best price for your insurance, you should take a look at the models from those two groups.
If you’re looking for minibus insurance UK, know that it can be quite expensive to get it. Minibusses are large, pricey and they can carry more passengers, so the insurance is costly. All vehicles with 9 to 16 seats are classed as minibusses.

img source: towntrust.org.uk

Young people, around 17, 18 years old, usually have a problem with finding a good quote because they didn’t yet have time to prove that they are responsible drivers. Data speaks against young people as well. It’s shown that younger drivers are more likely to be involved in accidents. That’s why they get significantly higher premiums.
The way for them to lower their premiums is by taking some advanced driving courses.
The older and more experienced you are, better your chances are of scoring cheaper premiums.
People between 40 and 70 years of age tend to get the best prices.
After 70, prices start to rise again since older people tend to have slower reactions during driving and are more likely to be involved in an accident.
As you can see, calculating the right price based on all this information can be complicated, and since every insurance company has its own standards and procedures, you can’t really know what to expect.

img source: autoline.co.uk

The average car insurance premium in the UK was 485 pounds a year which is around 40.41 pounds a month. However, as ABI informs, in the third quarter of 2017, the average price rose by 10% in the third quarter of 2016. They also say that the average premium is the highest it has been since 2012 when they started keeping track of the changes in the prices.

Yes, the prices have gone up, but if you do your research and don’t settle for the first insurance company you walk into, you might have a chance to find a fairly good deal.

carspricesUKVehicle insurance
Lana Vrzic

Lana is a dedicated writer and Editor in Chief of TheFrisky, who has been with us from the beginning. Her diverse range of interests, from technology and business to health and wellness, allows her to bring a fresh perspective to each topic she covers.

previous post
Cloud Computing – All You Need To Know
next post
What Has Prince William Gifted Kate Middleton Over the Years

Related Posts

Stepping Up Your EV Charging Game: Why Faster...

September 19, 2023

Guide to Planning a Personal Funeral Service in...

February 10, 2023

Bet on the Best UK Betting Sites 2023

January 26, 2023

Categories

  • Accessories
  • Animals
  • Anime
  • Art
  • Astrology
  • Beard Care
  • Beauty
  • Betting
  • Biography
  • Blog
  • Business
  • Buying Guides
  • Cannabis
  • Cars
  • Casino
  • CBD
  • Celebs
  • Children
  • Citizenship
  • Clippers
  • Clothes
  • Computer
  • Couple Time
  • COVID-19
  • Crime
  • Crypto
  • Culture
  • Design
  • DIY
  • Economics
  • Education
  • Entertainment
  • Environment
  • Family
  • Fashion
  • Featured
  • Food
  • Food & Drink
  • Furniture
  • Galleries
  • Gambling
  • Games
  • Gardening
  • Gifts
  • Girl
  • Gossip
  • Guide
  • Guys
  • Hair
  • Hair Care Tips
  • Hair Dryers
  • Hair loss
  • Hairstyles
  • Health
  • Highlights
  • History
  • Hobby
  • Home
  • Horoscopes
  • Hot Rollers
  • How to …
  • Industry
  • Internet
  • Interview
  • Law
  • Legal Advice
  • Life
  • Lifestyle
  • Love & Sex
  • Love Your Self
  • Makeup
  • Marketing
  • Medicine
  • Mind & Body
  • Money
  • Motorcycle
  • Movies
  • Moving
  • Music
  • Nails
  • Net Worth
  • News
  • Parenting
  • People
  • Pets
  • Photography
  • Products for Hair
  • Real Estate
  • Recipes
  • Relationships
  • Religion
  • Royals
  • SEO
  • Shopping
  • Skincare
  • Sports
  • Studying
  • Style
  • Super Stars
  • Tech
  • Technology
  • The Body
  • Tips
  • Tips & Tricks
  • Tools
  • Toys
  • Travel
  • Type
  • Uncategorized
  • Vehicle
  • Video
  • VR
  • Wedding

Contact us:

santosmilewa [at] demotix.com

Footer Logo
  • About Us
  • Latest
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

© 2023 - All Right Reserved.

TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.

The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
© 2023 - All Right Reserved.

TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkNoPrivacy policy

Terms and Conditions - Privacy Policy