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.

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.

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.

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.