Car insurance can be a costly necessity for younger drivers. Since young people tend to be involved in more expensive accidents at a more regular rate, insurance companies deem it wise to charge more when someone under the age of 25 is looking for comprehensive coverage. However, if you happen to be a young driver, it is vital that you avoid the temptation to forego car insurance altogether. If a failure to obtain car insurance is discovered, then you will usually need to pay a large fine if you want to get your vehicle back.
The following tips will help you to navigate the tricky world of car insurance, and will help to ensure that you get the best possible deal for the greatest level of coverage.
* Understand the different levels of coverage:
There are different levels of coverage available for young drivers, and you may be quite confused about which type of coverage you really need. Firstly, you should be aware that your driving experience and the cost of your car should play a large role in influencing the type of insurance policy that you choose. For example, if you have a rather expensive car that would be difficult to replace if it was seriously damaged in a bad accident, it is clear that fully comprehensive insurance is right for you. In contrast, if you have a less expensive car, third party insurance is an acceptable choice. Before choosing between levels of coverage, make sure to compare the prices charged for each level, as some insurance companies actually over full coverage for a lower price than you would expect.
* Work to reduce your insurance risk:
If you want to obtain continually comprehensive insurance for an acceptable price, try to make sure that your insurance company views you as a particularly low-risk client. As you may suspect, the ideal scenario is one in which you have no prior claims or accidents on your record, and if you keep a clean record for the first year of your insurance coverage then you should find that the cost drops by a significant amount. However, there are also other things that you can do if you want to lower the cost of your insurance policy. For example, it helps a great deal if you opt to drive a car that is assessed as being in a low insurance group. Cars that are in such a group tend to be easy to repair, and lacking any complicated, elaborate or unique customisations. In addition, try to add a secondary driver (such as a parent or older sibling) who is classified as low-risk; this may lower the cost of your policy as well.
* Be aware of other things you can do to reduce the cost:
Although your insurance risk matters a great deal, a lower risk is not the only thing that is capable of lowering the cost of your car insurance. Firstly, it is extremely helpful to take the time to find out if your insurance company charges interest when people pay in installments. If they do, it is smart to try and save up the particular amount of money that would allow you to pay for your insurance in a lump sum. Further, if you opt to pay a voluntary excess (in addition to your compulsory excess), then your insurance will be cheaper. However, the downside to this method of lowering insurance costs is of course that you will need to contribute more money if you do end up needing to make a claim.
Sam Jones is the author of this article. He has been researching cheap car insurance for new drivers by going to uSwitch.com price comparison site and using the online price comparison facility to obtain multiple quotes with just one form fill
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