All about car insurance - Ratinah

All about car insurance - Here's everything you need to know about auto insurance! The intricacies of the best and the worst and the points you need to consider before buying a car.

All about car insurance - Ratinah

All about car insurance

Many factors affect the premium for your Motorcycle insurance policy. Your insurance company will ask a lot of questions when making your offer - some of which will affect your premium and some will not. Below we discuss the key variables that are within the control of the policyholder.


A big influence on the cost of your car insurance is where you live. The possibility of your car being burglarized or stolen is a major concern of insurance companies. More urban areas have traditionally faced a greater risk of theft and therefore tend to be more expensive than rural locations.


By agreeing to pay a larger excess on each claim, you can reduce your auto insurance premium. This is because you reduce the liability of the insurance company and therefore in return they can offer you lower premiums.

Your vehicle

The cheaper and slower your vehicle, the lower your likely premium. If you're looking to buy a new vehicle, make sure you really consider the cost of insurance – you might be able to buy a car but can you afford it?

Consolidating policies

By insuring multiple vehicles with the same insurance company, or by trying to take out home insurance and life insurance through your auto insurance company, you may be able to get a 'bulk buy' discount.


Where you park your vehicle overnight is also very important to the insurance company. If it is kept in a locked garage, you should be offered a lower premium than if you left it unattended on the street.


You can control your insurance premiums by limiting your annual mileage. However, be aware that if you exceed the limited number of miles, you will become uninsured!


Security devices that prevent or deter theft can also reduce your premium. Common examples include alarms and immobilizers, however, be aware that as we improve the quality of our security devices, thieves get better at tackling them.

No Claim Discount

Save on your no-claims discount by avoiding small claims on your policy. After a few years, usually 4 or 5 years, you will often be offered the option to pay an additional small premium to protect your no-claims bonus. This can prove to be very helpful if you end up having an accident.

Your sex

Women are statistically less likely to have accidents and, if they do, less likely to be serious. Due to these statistics, women benefit from lower premiums. It's also worth noting that if you're representing half of the couple, you should consider making the woman the prime mover with the man the second mover.

Advanced driving skills

By taking advanced driving courses, you may also be able to reduce your premiums. The Institute for Advanced Motorists and the Royal Society for the Prevention of Accidents each offer memberships that give you a discount on the cost of your driving course and auto insurance premium. Two key variables are NOT in the control of the policyholder.

Your age

The older you are, the less likely you are to make a claim. As a result, insurance companies charge lower premiums for older drivers.

One last piece of advice

Most car insurance is now sold on the Internet. That's because it's convenient and cheap. Many insurance companies now provide a further 10%-15% discount if you buy online.

That's All about car insurance


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