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Yasin is 26 years old and has had a driving licence for six years. Yasin...

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Finance

Yasin is 26 years old and has had a driving licence for six years. Yasin has never had a car accident and he has never made a claim on his car insurance. His car is now quite old. Yasin lives in an area where car theft has increased in recent years.

Yasins car insurance is due to be renewed. He has used his current insurance provider, Shirevale, for the last three years. Because Yasin has never made a claim he had expected the cost of his insurance premiums to decrease, but this has not happened.

Yasin has researched car insurance products from four different providers.

Insurance provider

Annual premium

Excess *

Courtesy car

No claims discount protected **

Ashridge

890

300

Additional option

56 extra

Yes

Shirevale

1 045

150

Included

Yes

The Royal Insurance

750

400

Additional option

75 extra

No

Westshire

980

200

Included

No

Excess is the compulsory amount Yasin must pay to the insurance company if he makes a claim.

No claims discount protected means that if Yasin makes a claim he will still have a no claims discount for the following year.

Evaluate which car insurance provider would be the most suitable for Yasin.

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