How do you determine the premium I pay on my insurance policy?
Category : FAQ
There are a lot of factors that determine or influence the premium or rating on a quote. These include but are not limited to Driver age, Age of Licence, Code of Licence, Insurance & Claims History, Suburb, Type of Vehicle, Value of the Vehicle, Use of the Vehicle (Private or Business), performance of the vehicle, etc.
These factors are all captured to create your profile, and an appropriate rating or premium is applied by the insurer.