The main cause of price hikes on your vehicle insurance premium is points on your driving licence. This means that you have committed driving offences like speeding, illegal parking, had accidents, etc and it has been your fault.
These things are noted on your record. Adding other drivers to your insurance will also increase what you will have to pay to get insurance cover each year.
However, there are things you can do to reduce the cost.
If you fit a good antitheft system to your car and keep it in a garage overnight an insurance company will give you a premium reduction as your car is less at risk of being stolen.
If you hardly use your car then you will find pay as you drive scheme to be cheapest. Paying out the cost of a full insurance policy for your vehicle is a waste of money if you do very little driving. You might be surprised at what you can save.
Increasing your deductible amount will cut the cost too. Cutting down on named drivers on your insurance also helps. A perfect driving history will reduce the price of insurance so take care to keep your record clean.
Women are in the lower risk category for most insurance providers and they can often get their vehicle insured for less than the men can. According to statistics, and that is what insurance companies use to assess risk, men have more vehicle accidents than women do.
Some insurers will offer specially put together deals which cover a vehicle and personal belongings. Such things as insurance on your hand bag, or briefcase might be something that you require. The entire contents of your vehicle can be included in your policy. Driving few miles per year will cut your insurance costly dramatically and using other forms of transport when possible will actually lower your mileage and the annual insurance cost.
All these things can help to reduce what you pay each year for vehicle insurance but you may not get these reductions automatically. Always ask and make sure that they are being taken into account.