The main thing that will determine the cost of your insurance is what you actually want to be covered for. Licence Whether you are driving on a full or provisional licence makes a huge difference to the cost of your motor insurance premium. You can expect to pay hundreds of pounds extra if you only have a provisional licence. The engine capacity and age of the car play a large part in determining the cost of your premium. The older the car, the more difficult it can be to insure.
Many insurance companies believe that the older a car is, the more accident-prone it becomes.
A new car is more expensive to replace than an old car and will cost more to insure. Likewise, the more powerful the car you drive, the more it will cost to insure. The young and the old represent high-risk categories and pay more for insurance. The value of a car is taken into account for third party, fire and theft and for comprehensive insurance. What you have the car insured for, however, is not always what the insurance company will pay out in the event of a claim.