Insurance companies rate makes and models of every vehicle style introduced by the automobile manufacturers. Automobile Type & the Affect on Insurance RatesĮvery vehicle is rated by the perceived risk associated with ownership of the car. Even if the actual price is affordable for the buyer, the cost of insurance may be unmanageable within the monthly budget.Ĭareful consideration must be given to the following factors prior to the purchase of that expensive automobile. Prior to Vehicle PurchaseĪutomobiles have an attraction like no other, and most people tend to purchase more car than is necessary. Refer to the information in this guide prior to choosing a car to buy, finding a reputable auto insurance company, selecting components of the coverage, trying to figure out the truth about no-fault auto insurance laws, and attempting to lower your car insurance rates. You can find out more in our guide to car reg years.If you want to compare auto insurance companies, search 100′s of auto insurance reviews, and get cheap auto insurance quotes online then all you have to do is enter your zip code above to get started to compare free auto insurance quotes.Ĭonvenient transportation is one of the leading reasons to own a private vehicle, but one unavoidable operating expense for every driver is sufficient auto insurance.Ĭheap auto insurance rates may sound appealing when the monthly bill arrives, but one of the most important components of any auto insurance policy is the peace of mind that comes from knowing an auto insurance claim will be paid and your personal loss will be mitigated. If your car’s a classic, it probably uses the older system of letter prefixes and suffixes to show age. Cars registered between September 2021 and February 2022: 71 plate (LD71 XCL).Cars registered between March and August 2021: 21 plate (LD21 XCL).Cars registered between September 2020 and February 2021: 70 plate (the year ‘20’ plus ‘50’) in our example this would give you a number plate of LD70 XCL.Cars registered between March and August 2020: 20 plate (LD20 XCL).So, looking now and a little bit ahead, you’ll see: Plates released in September take the year plus 50. Number plates released in March make it easy to work out how old your car is because the second two digits are the same as the year itself. The third set of digits are randomly generated.The second two digits (20) are age markers.The first two letters (LD) show the area the car was registered (London).However, the September number is always 50 plus the year number – for example, a car registered in October 2018 would have an age indicator of ‘68’ (50+18). The March age indicator is easy to remember because it’s the same number as the calendar year – for instance, an ‘18’ reg plate would mean the car was registered in the first part of 2018. You can use our very easy car reg guide here.Įvery year, two new age markers are introduced – once in March and the second in September. The table below shows age markers and their corresponding years (handy to know if you’re after a used car of a particular age). If you need to know how old your car is, you can take a look at the two numbers after the area code. Abiding by traffic rules and following speed limits could help you cut the cost of insurance. Taking out a telematics policy – also known as black box insurance, this monitors how you drive and sends the information back to your insurer.Keeping your car secure – if you’re able to keep your car in a locked garage it could be reflected in a lower premium.After a few years, this could be as much as 60% off your car insurance so think carefully before claiming for minor issues like scratched paintwork. Building up a no claims bonus – every year you go without making a claim gives you a discount off your premium.If you rarely drive your car, short-term car insurance may be more suitable for you. Being accurate about mileage – overestimating mileage can push up your premium (the more miles you cover the greater the risk of an accident) so it helps to be as accurate as possible.Adding a named driver – having a more experienced driver named on your policy can help lower premiums.Choosing your car carefully – powerful cars generally cost more to insure because they can be more expensive to fix and a temptation to thieves.But remember, you’ll need to pay it before your claim can go ahead so it should still be an amount you can afford. Increasing your voluntary excess – this can help lower the overall cost of your insurance premium.That said, you can help shave off a little more by: Taking the time to compare car insurance quotes really is the best way to ensure you don’t pay any more than you need to.
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