Cost Assessment

The cost of your car insurance policy are dependent on a variety of factors that when added up by the insurance company determines the how much you are charged for your policy. Although most of these terms are highly debatable and are often the subject of dispute they are however what determines policy costs.

• Age: The insurance companies determine that the younger and inexperienced you are, the more likely it is that you will get into an accident, therefore driving up your premium.

• Engine Size: The bigger your engine size the more likely it is to be involved in a high-speed accident which in effect is a lot more expensive to repair than accidents that happened at lower speeds.

• Car Value and Model: As a rule of thumb the more expensive your car, the more expensive the parts so in the event of an accident will cost more for the insurance company which will translate to higher costs on your policy.

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