If you are new to driving, you may be confronted with auto insurance quotes that could seemingly look unaffordable.
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Your current budget may not be good enough for your current expenses. And you need to find an auto insurance policy that could help you alleviate the pressure.
Look no further! While comparing auto insurance quotes help a lot, – especially if you are a savvy shopper, – there are also other simple ways to get cheaper insurance rates.
Your goal is not only to get a cheaper auto insurance policy, but also finding a policy that is right for you.
If you are a new driver, find below 4 tips to save on auto insurance.
Search for cheap car insurance companies
Browse car insurance companies that offer competitive rates to novice drivers.
You should stay away from the big insurers who tend to charge a lot, especially if you are a new driver.
Many of these smaller insurance companies offer great coverage at an affordable price, which is a good start.
There’s a bigger chance your policy would look rather basic, but that compensates the pressure.
Once you’ve been driving for a while, consider searching for new options. That’s when it’s wiser to look for bigger insurers that offer more competitive rates.
Enroll in a driver’s education or training course
You could save a substantial amount of money by signing up to defensive driving courses over the long run.
Many auto insurance companies are reluctant to work with new drivers owing to their inexperience of the rules while on the road.
By taking a defensive driving course, you’ll be communicating your knowledge and your intentions to drive safely.
In return, insurers will take your commitment seriously, and offer a competitive rate.
Note that auto insurance companies do not just reward new drivers with better policies but also offers discounts to experienced drivers with bad driving records.
Ask your parents to include you in their insurance
Car insurance companies offer family packages to ensure parents and young drivers.
You may be added to the package given the following circumstances:
- You live with your parents in the same household.
- You meet the age criteria.
- Or you are registered at an approved higher education institution.
Yet, your vehicle may have to be registered at one of your parents’ name.
Considering that you are going to be driving your own vehicle, would you be down for it?
Get a safe vehicle
Most young driver – including teen drivers – do not have enough cash to purchase a new vehicle.
They start with a cheap four-wheeler to adjust to their initial expenses. Then they pursue other types of vehicle after facing an increase on their income.
You can get a tempting discount from your insurer if you buy a vehicle that comes with the latest safety features, such as: censors and airbags.
Similarly, if you purchase a sports car, you may end up paying more on auto insurance compared to owning a small sedan.
Insurers assume that a sports car is a synonym of speeding and that’s a huge risk for claims management.
Remove any additions on your car that could result in riskier performance. Such add-ons only contribute to more expensive rates.
Just because you are a new driver doesn’t mean you should aim at the highest insurance rate.
Getting an auto insurance policy can be tough. Make sure you find the auto insurance policy that best suits your needs.
If you’d like to share any other tip to save on auto insurance, please let us know in the comments below.
