There are many types of car insurance providers out there; most of them owned by the same company which offer diverse policies for different groups of drivers such as young people. While there are a large variety of insurance providers on the UK market, they all have a similar approach to calculating insurance. By taking your personal details the provider can work out how likely you are to make a claim. This involves looking at all kinds of factors such as your address and the kind of car you have. In turn this indicates how high your premium will be, though there are different ways to reduce your car insurance premium.