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Wednesday, October 28, 2009

The Evolution Process Of A Insurance Premium!

By Wayne Truter

Owning a motor car in the United Kingdom it is compulsory to have car insurance that will cover at least third party fire and theft. It can be a night mare being caught with out insurance. Your car can be impounded your licence can be taken away or you can get a hefty fine. It will save you so much money by just taking a premium and be covered, because you will never know what is around the nest corner. The best defence is to play it by the book and keep on the save side.

The most common factor that insurance companies use to determine the amount you will be paying for car insurance is your age. There for the older you are the more likely it will be that you will get 'n cheaper premium. But way will it be like that? It is a now fact that the youth is more likely to make accidents and there for the age plays a big role in car insurance. It is not always the youth that causes the most accidents but more the inexperience and people that only recently pass there drivers license and in this case be classified as the younger drivers!

The other factor is that if you are a woman you are most likely to get cheaper car insurance than the men. This is a hot topic between men and woman but in theory it is proven so if you are a woman you are very lucky. This works well in you favourite to get cheaper premiums on car insurance!

The last factor that will determine your premium at insurance companies are the proof of no claims and your driver experience. We all know to have no no-claims bonus will definitely work agents you in trying to get cheaper car insurance. The best car insurance prices goes to the people that have been driving for many years and in does years they have not claim any money back.

Always remember to keep record of all your documents. You might need it for future reference. Controversy - 21396

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