Is your car insurance priced right?

There’s one sure way that you can guarantee that the price you’re paying for car insurance is right, and that’s to compare insurance prices. Every car insurer promises that they offer the most competitive rates available, so you can’t judge the accuracy of these claims by their words alone. If you feel that you’re paying too much for car insurance or are looking to get an even better rate, then you should definitely shop around.

What are car insurance prices based on?

Car insurance prices can be affected by some of the following factors:

• Driver age - certain ages will attract a higher premium.
• Your driving record - The premium will be calculated taking into account previous accidents or driving offences that you and your drivers have had. High risk drivers will pay more to be insured.
• Where you live - Some areas are rated higher than others and this is based on claims such as car theft rate.
• Your gender - car insurance is one of few areas where your gender may be used to determine what premium you'll be pay. Statistically younger men are involved in more accidents than the same age women and may attract a higher premium.
• The type of car you drive-fast, luxury or rare cars may cost more to insure based on a number of factors which would include the value and performance of the car. If you own a high performance vehicle, you may pay a higher premium for your car insurance.

How can I get the best car insurance price available?

• Use the internet-shopping for car insurance online allows you to find multiple insurers, compare rates, and to purchase policies in minutes.
• Take advantages of discounts - most car insurers provide discounts to mature and safe drivers, and members of certain organisations and associations. Ask your insurer what discounts they offer to see if you are eligible and take advantage of them.

Getting a good price on car insurance doesn’t have to be hard or time-consuming. Contact 1Cover.com.au today and let the savings begin.