Andy Adams is an IT worker and experienced writer
Nowadays with the daily costs of motoring on the rise many motorists are cutting down on the money they spend whether it’s travelling throughout their town to find the cheapest petrol prices or simply trying to cut back on using their cars so much. One of the main areas drivers are able to cut back on the expense of owning a car is insurance.
Car Insurance for the right person can be a fairly cheap expense whereas if you’re a fairly reckless driver then car insurance can become a nightmare and even force people off the road due to the crippling costs. How do some people earn low insurance premiums then? Well it is all based on risk assessment, the insurance company’s judge from your record and the model of car that you drive how risky it will be to cover you.
If you’ve got a small engine and a clean license then there’s every chance that with a few years of uneventful driving that you’ll get a nice discount. However if you’re driving a high powered super car or have a few driving convictions and claims on your record then unfortunately you’ll be looking at premiums well above the thousands of pounds mark.
A recent study into motorists has found something that everyone should avoid partially because it is against the law and deadly but will also send your insurance costs skyrocketing: Driving under the influence. Driving after you have had an alcoholic drink and being convicted of doing so can send people’s car insurance premiums up by as much as 91%.
Other examples of poor driving such as speeding can raise insurance premiums by ten percent with persistent offenders ending up with increases around 83 percent. As well as this expense if you drive recklessly in this manner then you are much more likely to be at fault in a road accident which would rob you of any no claims bonus that you may have accrued.
No claims bonuses are treasured by motorists as of late as it is often one of the few ways drivers can cut their premiums down to a manageable size, driving whilst under the influence can take away not only your license and give you a driving ban but it can mean that when you eventually become eligible again that you will struggle to find an insurer let alone a favourable premium cost.
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