Car insurance premium: this is how insurers calculate it

There are many factors that go into calculating auto insurance premiums. Place of residence, vehicle model, age: many things influence. When you complete an auto insurance comparison, you may be surprised at the level of detail that is requested for personal information. Among other things, it is

  • how to use your car
  • how many kilometers do you drive a year
  • where the vehicle is regularly parked at night.

Don’t let this confuse you: this information is important to you risk profile in order to determine your exact premium.

This also applies to information about who is driving the vehicle with the policyholder or if they live in a rental or condominium. All of these details are necessary to accurately write your policy. The amount of the contribution depends on the characteristics of the hard and soft rate.

Some of the harsh features of car insurance include:

By entering your place of residence and the model of your vehicle, you will be stopped, so to speak. Because it’s about the probability of something happening based on all damage cases in the region or with this vehicle. So if you drive a vehicle that is prone to being stolen or involved in accidents, you will have to pay more, even if you are a particularly cautious driver. You can find out the type class of your vehicle at

Premium calculation: Soft features are also included

In addition, they often also flow characteristics of the soft rate in the calculation of insurance companies:

  • Driving performance classes (frequent or infrequent drivers)
  • Type of vehicle parking space (garage car or “parker lantern”)
  • Number, age and sex of exclusive and occasional drivers
  • Duration of ownership of the driver’s license
  • car age class
  • Home ownership (owners or renters)
  • Marital Status: Does the policyholder live in a household, perhaps even with a child?

Advice: Have your vehicle registration document ready if you want to complete your online car insurance comparison. there you will find it Manufacturer Key (HSN) and the Type Key Number (TSN), which you must enter. This information is important in determining the type class of your vehicle. However, if you don’t have your vehicle registration document to hand, you can also use a database to find out key numbers or provide detailed information about your car.

When you have answered all the questions, please indicate if you want full or partial insurance and if you want to pay your own share. The new policy will be mailed to you.

Leave your vote

Leave a Comment

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.