Sheffield is a fairly populated city in South Yorkshire and has a sizeable industrial heritage, particularly in steel-making, traceable back to the 18th century. A section of the nearby countryside is part of the Peak District National Park, which brings motorists to and from the city via the M67 and M1 connecting motorways. Whether you are driving through the city centre or heading for the hills, every driver is legally required to have car insurance.
Insurance providers calculate their prices using local statistics to determine how risky it is to cover a driver. With this said, a lot of this information is out of the policy holder’s control because these figures are based on the average driver of a certain age, address, and occupation. Suppose these averages show that drivers make many at-fault claims over time. In that case, providers will need to increase their premiums even if the driver taking out the policy is highly sensible on the roads.
As a driver, you should always ensure that your vehicle has valid insurance, as required by law, to cover both yourself and other road users in an accident. There are many different factors that insurance providers use to calculate premiums.
Factors That Influence Your Insurance Premium:
Your Occupation: Insurance providers store information relating to previous at-fault claims, and the job role of the driver is one of these factors. Your occupation can influence your premium because any statistical data that suggests that a certain profession is more likely to be in an at-fault accident will see those working within that area hit with higher premiums.
Age: Young drivers are deemed to be higher risk as they have less experience on the roads. This is why many people start driving as a named driver on their parent’s policy, as it can result in significant savings. Luckily, drivers now have the option of purchasing a policy with a black box that can reduce your premium at the expense of recording their driving habits.
Your Driving History: You must provide accurate information when shopping for car insurance quotes, even if your driving history isn’t gleaming. If you have any points on your licence, particularly for speeding or dangerous driving, your insurance premium may be inflated to account for the risk. However, honesty is always the best policy.
Road Risk: While your address can affect your insurance premium, the roads you use regularly can also be important, particularly if you live in busy cities like Sheffield. After all, the information that providers will keep also shows which roads are considered high-risk or where an accident is more likely to take place. Insurance providers calculate risk based on predictions and statistics and could provide higher quotes if they believe that you will be regularly driving in such areas.