Young drivers may have difficulty finding cheap car insurance. Since they don't have a previous driving record, most insurers automatically assume they are at higher risk.
Due to inexperience behind the wheel and perception of recklessness, most companies raise rates considerably for young drivers. However, there are plenty of easy ways for young drivers to get cheaper insurance. Here we have explained how to get cheap car insurance and what factors influence its price. Let's find out!
Car Insurance Pricing Factors
Insurers consider several things when setting rates for new drivers, including age. The following factors can affect car insurance quotes:
Your age, gender, and marital status
Your car's model and safety features
Your location, neighborhood's crime rate and population density
Your credit score
5 Ways To Get Cheap Insurance As A New Driver
The cost of a policy for new drivers is typically higher than for experienced drivers, but there are still ways to save. Listed below are some of the ways:
Compare Prices.
Depending on the insurer you choose, rates can vary greatly. You should compare quotes from at least three insurance companies to get the best price. Always shop around each year; even if you had the lowest rate a year ago, you might not still have it.
Keep Your Family's Auto Insurance Policy.
If you and your parents or guardians have the same permanent address, compare stand-alone policies to what staying on your family's insurance would cost. Staying on your family's approach might be cheaper.
Take advantage of discounts.
New drivers can take advantage of many discounts offered by auto insurers, including:
Student discount.
Defensive driving course discounts for young drivers.
Military or occupation discount.
Safety equipment discount.
Student away-from-home discount
Discounts for multipolicy policies (if you are a renter and homeowner).
Drive safely
Having a high-risk driving record, such as speeding, could lead to your insurance premium going up. You can also lose your driving license if you receive six or more penalty points in your first two years of driving.
You could save on insurance if you drive carefully and build a good claims record. Several insurers offer discounts to drivers who complete the Pass Plus driving course. However, the system costs between £150 and £200. Before spending your money, check to see whether it will lower your premiums.
Insurers typically want to know how many miles you drive each year when you buy car insurance to calculate your risk of getting into an accident. Car insurance policies are usually more expensive if you drive a lot (the more frequently you drive, the more likely you are to have an accident).
Car insurance premiums tend to be lower for drivers with lower mileage. If you drive less throughout the year, you may be able to get a cheaper policy.
Final Words
A new driver is usually a young person getting behind the wheel for the first time. According to statistics, drivers under 25 have more accidents, so insurers consider them riskier drivers and charge them more for car insurance. However, the above tips can help you get easier and cheaper car insurance.
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