Finding affordable new driver auto insurance isn’t always easy. New drivers are seen as the highest risk category to the insurance companies. Without experience on the roads, it’s more likely that new drivers will make a claim, pushing premiums higher. If you need to save money on your insurance then there are a few things you can do to help bring those premiums down.
Young Driver Insurance
If you’re a young driver then you might be seen as even more of a liability than an older new driver. Statistics state that younger drivers are involved in more accidents, so you must take as many steps as possible to reduce your insurance rate. If you’re still living with your parents, staying on their policy instead of getting your own will help to save you a lot of money.
Advanced Driving Courses
Another reason why new driver auto insurance costs more than for others is because you haven’t yet proven either way whether you’re a good driver. If you want to prove that you will be safe when driving, you can take an advanced driving course after you pass your test. The course is going to cost you more money, but often the money you save as a result will work out even more, so it’s worth looking into your options.
The deductible you sign up for can make a huge difference to the amount your insurance costs every month. The deductible simply means how much you’ll have to pay for repairs before the insurance company pays out. If your deductible is $100, for example, and repairs cost $300, you’ll have to pay $100 and the insurance will then pay for the rest. It’s important to think about this carefully – only go with a deductible you can afford and that makes financial sense.
Do Your Research
Unfortunately, the best advice for finding affordable new driver auto insurance is simply to take the time you need to research and compare different insurance policies. Although this can be time-consuming, there are websites out there that make it easy to see, at a glance, which companies will give you the best deals.
The truth is that no one insurance policy will be best for everybody, this is why it’s important to do your research and not just rely on what a friend did, for example. So many factors can impact how much you pay for new driver auto insurance, so get out there and start comparing to find the best deals.