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The Postcode Lottery

Insurance companies calculate the cost of a policy by balancing the likelihood of a claim being made against the value of such a claim. It is a well known fact that house insurance is more expensive in certain parts of the country that have a high crime rate than in others, and exactly the same can be said for car insurance.

Dundee, statistically speaking, is the cheapest place in the UK to get car insurance, and unsurprisingly (perhaps) south-east London is the most expensive. There is, however, another place in the UK that is just as unpleasant for people wishing to insure their cars and that dubious award goes to: Northampton.

A recent study found that the sleepy town of Northampton is in fact the worst place in the UK for motorists out of the 50 most populated towns and cities in Britain. The ranking was worked out in terms of petrol cost, parking prices, car parks, and vehicle car crime.

As Northampton city councilors were throwing up their hands in despair (much like the motorists) experts have pointed out how many of these issues are connected. The high cost of parking and a relative dearth of car park spaces leads to people parking cars in less well lit and protected areas and thus leads to greater car crime, whilst parking on the road side leads to the greater risk of cars being clipped by passing vehicles and, therefore, suffering damage.

If you happen to live in one of these locations, there isn’t an enormous amount you can do to reduce the costs of your policy, in many cases the premiums are worked out on average statistics across the whole area. However, something as simple as getting an immobilizer for your steering wheel can save more money over a single year than it cost in the first place. Similarly, if you can find off-road parking, even if you perhaps have to pay for it, you can save more money on your car insurance than you spend on renting a garage.

Another thing that might save you money if you live in an expensive area for car insurance is to consolidate some of your services. If you think you are likely to suffer car crime or theft, it might be a good idea to try an insurance company like Kwik Fit Insurance who offer discounted replacements and repairs along with the costs of your policy. Take a look at their site for a car insurance quote – it’s probably cheaper than moving house.