If you are just new to the road, you may find it quite a challenge to get affordable new driver insurance. New drivers usually have to contend with higher premiums and may find their insurance costs are more expensive than that of experienced drivers. But do not despair, there are ways you can help reduce your new driver insurance cost. In addition, there are also several things you can do to make sure that your insurance is as affordable as possible. Below are several tips:
Compare car insurance quotes. Getting as many car insurance quotes as you can is one of the best ways to find the best new driver insurance cost. With the cost of gas alone, new drivers will have to spend at least $20 more per year on their coverage. By getting as many car insurance quotes as you can, you ensure you get the best price available.
Look for lower deductibles. You can lower your new driver insurance rates by increasing your deductible, which means you will be paying less in the event of an accident or other damage. Deductible is basically the amount you pay first, before your insurance company pays any of the rest.
Think safety when driving. One of the biggest factors affecting your new driver insurance rates is your driving record. Many insurers consider drivers with a bad driving record more risky than those with a good driving record. This means they will charge higher premiums and require a larger deductible. So keep your driving record clean by always driving safely and responsibly.
Insure the young drivers you already have. If you are insuring a teenager who is at least eighteen years old, you should insure them for a minimum of three years. This will give you some protection in case they become involved in an accident. However, it’s also a good idea to insure them for longer, just in case they get into an accident later on down the road. It will cost more, but it will be worth it if they get into an accident with a much older driver.
Be sure to get a comprehensive policy. This will help protect you in the event your teenager is involved in an accident. Get a liability policy that will cover both your vehicle and the driver of another vehicle that was damaged or stolen. Liability coverage is not just to protect you from paying for other people’s medical bills; it also covers your own personal medical costs if you are injured in a traffic mishap. Be sure to compare the best insurance rates you find for this type of coverage.
Check out the insurer’s credit score. Your new driver insurance rates will drop significantly if the insurer knows you’re a high-risk driver. Most insurers will perform a credit check on their new drivers when they initially take the policy. If you have a high credit score, you are more likely to have lower insurance rates.
If you have a good driving history, it’s in your best interest to keep it that way. An auto insurance company won’t lose money by offering you a lower rate if you’ve never been in an accident before, and it will save them money if you haven’t been convicted of driving under the influence of alcohol. The safer you are on the road, the less likely you are to become involved in a motor accident. A good driving history will also make it easier for the insurer to claim your premiums are valid.
You can also get discounts by having multiple vehicles insured. Some auto insurance companies don’t automatically insure multiple drivers at once, so be sure to ask up front. Be prepared to negotiate! For example, if you have a teenage driver who is also insuring his own vehicle, be prepared to lower your rates by only insuring the vehicle with the full coverage policy. Many insurers will work with you if you show them that you are actively making efforts to maintain a safe driving record.
The insurance cost of uninsured and underinsured motorists varies widely depending on where the driver lives. If the driver is living in a rural area, the rates for these drivers will be much lower than if the driver was living in a city. It’s important to note that the rates will still be very expensive if the driver is convicted of driving while uninsured or has an uninsured motorist record.
The type of car insurance policy also varies widely depending on the insurer. Some companies will offer discounts for multiple policies with the same company. Some companies offer discounts for certain types of coverage, such as comprehensive coverage and collision coverage. There are also discounts for specific drivers, such as good grades for students in high school or drivers with a history of safely driving on the road. Be sure to research your options and compare different car insurance companies before deciding which one will give you the best rate.