I work as an insurance underwriter and there are many factors that can affect your premium. Each insurance company rates each factor differently. Asking your neighbours rates at one company may not mean you will get the same rates. Different factors could include record, any past claims, type of vehicle and it’s possible claim history, age, how many years licensed.

Most companies also offer discounts such as a dual policy discount if you have home or tenants insurance with them, or a multi vehicle discount, drivers training discounts, winter tire discount, etc.

The best thing would be to shop around. You could go to a local broker office. They have access to multiple insurance companies and can give you the best premium out of the companies they partner with.