How is the premium of motor insurance determined?

The main factors are?

 Driving record of the driver
In general, the better the record, the lower the premium.

 Use of the vehicle
The more one uses the vehicle the higher the chances for accident.
Nature of use, ie matatu is more risky than saloon car.

 Area of use.
This is very important from theft aspect.

 Age of the driver
Generally, mature and experienced drivers are better risks than young
and inexperienced ones.

 The type of car
Sportcar, vintage or special vehicles pose higher risks than ordinary
family car or saloon.

 The amount of cover
The higher the sum insured the higher the premium.

 Type of cover
The cover ranges from third party to comprehensive.