Car Insurance
After all those driving lessons you’ve finally passed your driving test and you have your driving license. Now you want to be able to get behind the wheel of your very own car and experience the freedom of the road. You’ve saved up your money or maybe your folks are going to help you out and you’re ready to buy your first car. It’s an exciting time for every new driver. Cheap cars are plentiful but finding cheap car insurance for your wheels is another matter. Unless you’re careful, your car insurance could end up costing you more than the car! Here are some things to consider and some steps to take to make insuring your car affordable.
Choose your first car wisely for cheap car insurance
It may be tempting to buy yourself a sporty little two-seater or an old high-performance used car because they are in plentiful supply on the second-hand car market. Unfortunately for you, these types of cars are considered as high-risk vehicles to insure. Combine with this with the fact that you are a new driver with little experience and no driving history to be taken into account, and it means that you will be charged top dollar to insure such a car. Instead, set your sights a bit lower and consider buying something more modest, with a small engine size and no modifications. Such a car will fall into the low risk insurance category grouping and so you will be able to obtain a manageable insurance quote whilst still enjoying the freedom of having your own transport. After a year or two of claims-free motoring, you will have built up a clean driving history record and then be able to consider upgrading your next vehicle to something bigger or sportier.
Shop around for cheap car insurance
By shopping around, you can easily obtain quotes for your new car insurance from a number of providers. There are even insurers who specialize in insuring young and/or new drivers. Consider carefully what type of insurance will best suit your needs. An old, low value automobile may not be worth insuring comprehensively and basic liability car insurance to comply with your state’s legal requirements may be perfectly adequate for your first car.
Use your family for cheap car insurance
If you still live at home with mom and pop and there is already a vehicle in the family, the best way to get cheap car insurance as a new driver may be to ask their existing insurance provider if they have a multiple vehicle policy scheme. Remember that if you are the main user of a vehicle or it is in your name then the insurance policy also has to be in your favour but there may be ways to have you added as a named driver on your parent’s car insurance or even to add an older, more experienced driver to your insurance policy as a way to reduce your premium. If you can store your new vehicle in the family home’s garage this too will result in cheaper car insurance than if you park it on the road.
Build up a clean driving record for cheap car insurance
The quickest way to reduce your annual car insurance bill is to build up a clean driving history. This means no traffic violations, no speeding tickets and no insurance claims. The longer that an insurance company can see that you’ve been a safe, responsible driver, the lower the risk they perceive you to be and so the lower the cost of your car insurance.
There are many ways in which you can find cheap car insurance quotes. In this article we are going to sum up how you can get cheap car insurance in 4 ways. The first and easiest way of getting cheap insurance is by shopping around particularly on the internet for the cheapest insurance deal available on the market. The second way will be to increase your deductibles. The third way will be to hunt for discounts and the final way will be to get rid of insurance covers that you don’t seem to be using at all. Now let us look at how it all works.
There are many insurance companies available on the market so if you want to get the cheapest car insurance you may have to shop around and compare charges. One easy way of getting cheap car insurance quotes will be to look for online insurance companies. Online insurance companies offer a lot of discounts since most online insurance deals are done without a middle man such as an insurance agent, so the company gets to save money. The absence of a middle man allows an insurance company to offer you cheaper car insurance policies.
There is another but strange way to cut down on the amount of money you pay for your car insurance. This is by increasing your deductibles. It is possible to cut down the amount of money you pay for your insurance premiums by up to 50% if you increase your deductibles. Reducing your deductibles will mean you pay less at the end of the year. Your insurance company will also further reduce your premiums if you avoid accidents during the entire year.
The third way in which you can reduce the amount you pay for your insurance is to hunt for discounts. Many new insurance companies are always willing to offer new customers insurance packages that are lowly priced but with good benefits. Because of this most insurance companies are forced to offer discounts in order to encourage their clients to stay with them. So if you are not getting any discounts from your insurance company then you may want to let them know that you are not willing to stay with them if they are not going to give you discounts for there are many other insurance companies out there willing to give you what you want. Without a doubt your insurance company will make a plan to ensure that you are given a discount and that way you would have gotten yourself cheap car insurance.
You can also lower the amount you pay for your insurance by dropping a few things. For instance you can choose to drop your collision or comprehensive cover policy. Once you drop these you can compensate for them by being a member of the AAA group where you won’t have to worry about car towing and medical cover. All you will have to do is to investigate the pros and cons of dropping some of your coverage so that you are not found wanting when something unpredictable happens.
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