To work out your premium cost, insurance companies consider your individual risk factors to determine how likely you are to make a claim during your policy term. As such, changing your address could have an impact on the cost of your car insurance.

Insurers will look at several factors associated with the area to determine the risk to them. For example, they will look at the previous number of claims in that area, along with the number of accidents recorded. They will also look at other factors, such as traffic volumes and the number of ‘high-risk’ traffic systems, for example cycle lanes or busy roundabouts.

Parking availability will also have an impact. In some cases, parking your car in a driveway or garage may result in lower premiums. If you do not have access to this, you may be subject to higher costs.

It is no surprise that urban and dense city areas come with a higher premium cost. This is because the more vehicles on the road, the more likely an accident is to occur, and the more likely you are to make a claim. These areas are also more likely to have higher crime rates, which will be a contributing factor when working out insurance cost.

Read our blog ‘How are car insurance premiums calculated?’ to find out more.

We recommend shopping around for quotes to find the best deal for you. We also advise using a local broker to ensure the policy terms you accept are appropriate for your circumstances. Finally, you should always make sure that all information provided to your insurance company is truthful and accurate.