How Much Does Fully Comprehensive Car Insurance Cost

Fully comprehensive car insurance is the highest level of cover that you can purchase for your vehicle. As a result of this, it is also often comes with the largest price tag. But for many, this cost is justified by the day-to-day peace of mind that it provides. But how much is fully comprehensive car insurance?

Unfortunately there isn't a blanket cost associated with car insurance. It can vary hugely from provider to provider, with minor changes to policy details causing a significant shift in the quoted price. Certain insurers are better equipped to deal with particular types of drivers too, for example many are specifically created to cater for women or more experienced customers. This allows them to offer better quotes within their niche.

When you do purchase fully comprehensive car insurance you will benefit from an annual 'no claims bonus'. This plays a major factor in just how much future policies cost. The longer you go without making a claim, the safer you appear to an insurer. In return for this record of continuous safe driving, you'll receive a discount on your insurance premium. This is usually up to a maximum of 5 years, although some insurers will continue this further.

The savings you receive as a result of maintaining maximum no claims bonus can be anything up to 75%, which will have a significant impact anybody's policy. Unfortunately the reverse is also true though. If you have been found to cause an incident that resulted in a claim then the amount you pay for fully comprehensive car cover will increase significantly. Not only will it wipe out your no claims history, but it can leave a black mark next to your name that can be difficult to shrug off.

Other factors that may impact on the price you pay can include the following:

Your home address
Where the vehicle is kept overnight
Occupation
Mileage
Driving convictions
Use of car (commuting, leisure etc.)
Vehicle security
Value of your vehicle

In fact there can be anywhere up to 25 questions asked by insurance companies to judge the level of risk that you pose. These will all be factored in to create a unique quote.

So as you can probably tell, there's a fair amount of information that goes into generating the final cost for insurance. Essentially it's an algorithm that consumes all of this data and produces a quote as an end result. But as the method of calculation will invariably differ across the various insurance companies, so too will the prices provided.

This can be seen in all its glory simply by inputting your details into an insurance comparison site. With results pulled in from a number of different companies, there is often a huge disparity in cost between the cheapest and most expensive quotes returned. More often than not this is simply as a result of companies seeing the consumer as a greater risk and therefore being unable to provide cover at a more competitive rate.

The good thing about this process though is that you can at least see what the cheapest possible quote would be and the coverage it would provide. Even if you didn't want to sign up with any of the insurers that returned results, you'd at least have a benchmark figure from which to work. This means that you could approach other insurance providers directly and see what they offer by way of comparison.

Unfortunately though there is no uniform answer to just how much a fully comprehensive car insurance policy will cost. It's entirely dependent on individual circumstances, your vehicle and the level of risk associated with both. To find out how it will cost you, simply do a few searches with well known insurers and you should get a clearer idea.