Premiums for car insurance are based on risk-how likely are you to have an accident driving your car? If you never have an accident and never claim on your car insurance policy the car insurance provider have done very nicely out of you.
Car insurance companies will take into account a number of factors to assess the risk such as your driving record i.e. have you had any accidents, were they your fault or the other parties, have you received any convictions for driving such as speeding, drink driving and how many years experience of driving do you have under your belt.
The car insurer will look at your personal circumstances such as your age, sex, where you live, what car do you drive, where do you keep your car parked overnight. If you are male you are more likely to have an accident so your premium will be higher than that of a female. If you live in an area that has a bad reputation for social misbehaviour then is your car likely to be burnt out during the night whilst you are asleep.
If you are 17 and have just passed your driving test be prepared to pay a considerable amount of money each month to insure your car. Whether it be a Golf GTI or a Fiat 500 you will pay a high price for the extra risk the car insurance company will take on as you are of course more likely to have an accident in your early driving days.
However, car insurance quotes can be brought down by you agreeing to pay a voluntary excess.
Whether you want third party, third party fire and theft or comprehensive car insurance will affect the premium.
Although car insurance companies use similar statistics to assess the risk level it is still worth shopping around with a number of different insurers as premiums do vary. A good way of doing this is by going on the Internet and getting quotes from one or more comparison websites.
So, as you can see, there are numerous things that are taken into account when working out car insurance quotes.