If you have just passed your driving test, you probably can’t wait to get out on the road. To do that, you need to get a car insurance. In this article, we’ll examine the reason as to why car insurance for new drivers is so expensive and some tips to keep your car insurance costs down.
A significant reason the insurance for new drivers are so expensive is because they are inexperienced motorists and so are seen as being a big risk for insurers, this reflects in the price of car insurance for new drivers. The assumption is not wrong as statistics have shown that, one in five new drivers are involved in a car accident within the first 12 months of passing their test and motorists between the ages of 17 and 25 are responsible for a third of all fatalities on the road.
Notwithstanding, getting your car insurance is compulsory as you simply must be covered. Driving without car insurance is not only an offence, but you can also be hit with very steep penalties ranging from a simple fine to court persecution and seizure and destruction of your car.
So, although car insurance costs are high for new drivers and might make a dent in your finances, going without one just isn’t an option.
There is good news however as there are some tricks to help you lower your car insurance costs:
Never accept the very first new driver car insurance quotes you get. There is definitely a cheaper option out there. Taking the time needed to shop around and compare prices will allow you see a lot of choices and then weigh your options to get the best value for your money.
Opt For a Higher Excess
You can reduce your car insurance premium by choosing to pay a higher excess. Before you do this, ensure that you can comfortably afford this if you do need to put in a claim.
Take An Advanced Driving Course
This would not only make you a better driver, but insurance companies also look favorably on this additional experience as it reduces your risk profile and, therefore, results in lower prices for new driver car insurance premiums.
Reduce Your Estimated Mileage
The less time you spend being out on the road, the less of a perceived risk you are. Insurers look at how many miles you estimate you’ll be covering over the course of the year and higher miles equal higher premiums. You can reduce this by using public transportation or getting involved in a car share.
Keep Your Car Safe
Your car insurance fee will be cheaper if the insurer believes that the vehicle is in less like of being stolen or vandalised. This can be achieved by simply parking your vehicle in a locked garage at night or by adding security enhancing devices such as immobilisers, tracking devices and alarms
Add a Named Driver To Your Policy
By adding a named driver to your policy, the car insurance provider will assume that driving responsibilities will be shared with the named driver who is older and more experienced so you will spend less time behind the wheels and would likely offer cheaper premiums
Discounts, Discounts, Discounts
The fact that discounts are offered for car insurance is no secret, however, the fact that there is a great number of discounts available that most people aren’t even conscious of. Before you pay for car insurance, demand for a list of all available discounts from your insurance company, you would likely be surprised by how long it is, there are discounts for installing winter tires, and discounts for installing certain anti-theft equipment.
The steps above are sure to reduce your car insurance rates, the final method we’ll discuss here is to Buy online. Purchasing your car insurance online usually attracts discounts.