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Auto Insurance Glossary
A B C D E F G H I J K L M N O P Q R S T U V W Y Z
Y
Year , vehicle (vehicle year)
Years licenced
Vehicle year
We need to know the year of your vehicle, so we can consider things like repair costs, rate of injury, and the chances that your car will be stolen. Generally, newer vehicles are more attractive to thieves. So you'll end up paying a higher premium than if you insured an older model of the same vehicle.
Years licenced
One of the things insurance premiums are based on is how long you've had your licence. If you've only been driving less than one year, chances are your premium will be higher than someone who's been driving for a longer time.
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