Premium charges
Basis of insurance premium charges
In some countries the insurance premium is determined by the Government. In the UK it is determined by the insurance company according to a frame work set by the government. An insurer will have less freedom pricing liability coverage than pricing vehicle damage. An insurance policy with no deposit does not push your premiun
UK insurance companies’ premiums are derived from the calculations of an actuary. They include in their calculations factors believed to affect future costs of claims and drive up the monthly cost of a no deposit insurance policy. Those factors can include: the car characteristics, the coverage selected (Third party, Fire and theft, fully comprehensive), driver profile (age, gender, driving history) and car usage (Weekend use, predicted annual distance driven). Here are links to some outlining some of the main factors:
