Are you a new driver and looking for the best car insurance deal? Getting a great car insurance rate as a new driver can be challenging. But don’t worry, we have got you covered. In this article, we will discuss the best ways to get the cheapest car insurance for new drivers.
Why is Car Insurance Expensive for New Drivers?
Car insurance companies consider new drivers more likely to be involved in a car accident, thus they charge more for insurance premiums. If a driver is under 25 years of age, their car insurance will be more expensive than a driver over 25 years old, as they are considered to be more risky drivers. But don’t despair, there are ways to get cheaper car insurance for new drivers.
Consider Increasing Your Deductible
A deductible, also known as an excess, is the amount you pay out of pocket before your insurance company will pay out on a claim. By increasing your deductible, you can significantly reduce your car insurance premiums. For example, increasing your deductible from $500 to $1,000 could result in a 10-20% decrease in your premiums.
Shop Around for Car Insurance
When looking for car insurance, it is important to shop around for the best deal. Different insurance companies offer different rates, so it is important to compare quotes from several different providers. This way you can find the best deal for your specific needs.
Choose the Right Car
The type of car you drive can also affect the cost of your car insurance. Generally, cars with higher safety ratings and lower theft rates will be cheaper to insure than cars with lower safety ratings and higher theft rates. So, it pays to do your research and select a car that is not only affordable but also cheaper to insure.
Take Advantage of Discounts
Many car insurance companies offer discounts to new drivers. These discounts can range from 10-25% off the total cost of your car insurance. Be sure to ask your insurance company if they offer any discounts for new drivers.
Take a Driver’s Education Course
Taking a driver’s education course can not only help you become a safer driver, but it can also help you save money on your car insurance. Many insurance companies offer discounts to drivers who have completed a driver’s education course.
Pay Your Premiums Annually
Paying your car insurance premiums annually rather than monthly can help you save money. Insurance companies usually offer discounts for customers who pay their premiums in full, so be sure to ask your insurance company about this.
Use a Telematics Device
Telematics devices track your driving habits such as how fast you drive, how often you brake, how far you drive and more. By using a telematics device, you can prove to your insurance company that you are a safe driver, which could result in lower premiums.
Getting the cheapest car insurance for new drivers can be daunting, but with the right information and a bit of research, you can find a great deal. Consider increasing your deductible, shopping around for car insurance, selecting the right car, taking advantage of discounts, taking a driver’s education course, paying your premiums annually and using a telematics device to lower your premiums.