Why has my car insurance price gone up?
When you apply for insurance or when your renewal is due, your details are assessed and your application is considered using statistics to decide level of risk and therefore the premium offered. These statistics are available to all insurers from a number of databases and it is up to each company’s underwriters to decide their ratings based on this information.
Our underwriting ratings can change daily, which means our quotes may change on a regular basis. There are many rating factors that can affect the cost of an insurance premium, some include: address, occupation, claims history, convictions, and type and use of vehicle.
In addition, if you make a change at any point during the policy year, and it changes the risk in any way, this is what usually generates either an increase or decrease in cost.