The Insured Car
When insuring a car full details must be supplied to the Insurance Company. You will be asked to provide the following information: The make and model, registration number, any security fittings you have installed such as an alarm system or tracking device, where you park your car at night and if it was bought under a credit contract agreement.
The make of the car actually plays a big role in determining the insurance premium as some cars are very popular with thieves, therefore posing a bigger risk to insurance companies who will ask a larger premium on those cars. Driving a modified, or sports model will also cost you much more in insurance. The probability of driving at high speed increases the risk of serious accidents and you pay for that in higher insurance.
The type of car insurance you decide on will depend on the value of the car and whether you still owe money on it. If there is an outstanding balance on the car the bank will insist on full comprehensive insurance. If you are driving a fully paid off car with a very low market value you may consider taking out third party, fire and theft cover only.