There are many car insurance companies and many different types of car insurance policies available. The one thing they all have in common is that a young driver can usually get an insurance policy cheaper than someone who has more experience and years on the road under their belt. There are also some things that younger drivers can do that will help them reduce their rates. Here is what you can do.
First off, if you have a newer car then you should consider taking a driving course. Taking a driving class will not only give you more skills and practice behind the wheel, but it will also help you get a more affordable car insurance quote. If you have been driving for a while, you may already have a discount that you are already getting, or even a discounted rate. Look into getting this discount and you will see a difference in your monthly payment. You will also see your insurance company drop any other surcharges that they might have.
Another great way to get lower car insurance quotes is to make sure that your car is as safe as possible. It would be extremely risky for you to drive a car that is brand new, with no driving history at all. Instead, find a car that has had a lot of accidents and tickets, and get that car de-commissioned. This is a great way to show the insurance companies that you are willing to pay higher premiums, in exchange for having less risk of having an accident. Make sure that you keep up the payments on your car insurance, even if you plan on getting a new one shortly, as you will still need to get a new policy to replace the one that was recently de-commissioned.
Finally, don’t get your home redone. Not only does this cost a lot of money, it will also cause your car insurance to go up. Having a nice house can be a point in its favor, since it shows that you are paying attention to detail and won’t drive around in a dented car. If you plan on buying a home in the near future, think about having your house professionally painted instead of simply painting the outside walls. Having a professionally done paint job, rather than a homemade one, is usually worth a few extra dollars a month.
Be courteous to your insurance company when getting your quotes up. If you do get a good quote from them, don’t ever tell them that you have been doing well by paying cash for everything. Everyone wants to get the best deal possible, but insurance companies don’t like people who lie or trick them into signing up for more coverage than they need. Treating your insurance company well will end up being very beneficial to you in the end.
Check out your local insurance agency for special discounts and deals. A lot of times, insurance companies will offer discounts for drivers who have good credit scores, are active in their community, and have a good driving record. You may even qualify for some insurance company loyalty discounts, which can amount to big savings. Being loyal to your insurance company could pay off over time, by saving you money on your car insurance!
Lastly, consider buying a more expensive car if you plan on driving it while on an insurance policy. This doesn’t always apply to teenagers, but anyone over twenty five years old can benefit from adding a car insurance for 20-year-old. The more costly the car, the more money you will save on car insurance each month. If you feel that you don’t need an SUV or sports car, stick with a sedan or hatchback model, as they are generally less expensive to insure.
Finally, don’t be afraid to shop around. When it comes to finding car insurance for a 20-year-old, shopping around is important. Don’t sign up with the first insurance company you find, and don’t buy the first auto insurance plan that comes along. Take your time in researching insurance options, and compare several companies before deciding on which insurance company you want to get your insurance through. A reputable insurance company will be glad to give you a quote after you shop around.