Car insurance can be very costly for first time drivers. Insurance companies realize that new drivers are high-risk, so they charge them accordingly. Until a new driver gets some experience behind the wheel, they can expect to pay higher rates, but there are a few things that they can do to lower the cost. This article will share 3 tips that are sure to keep a new drivers rates as low as possible.
1. Buy a safe car
Insurance companies realize that drivers who drive fast cars want to go fast! Therefore, they label drivers who own sports cars as risky drivers. Also, SUV’s have had a terrible history of rollovers, so they consider drivers who own SUV’s as risky drivers as well. If you are a new driver, you should start your driving career with a safe car. Get a car that has a small engine, do not customize your car at all, and stay away from SUV’s! Sure, you will not have the coolest car on the road, but you will be safe and pay less on car insurance.
2. Invest in security
For every security feature a vehicle has, the cost of insurance will drop. Simply adding an alarm system can make a drastic impact on the cost of an insurance policy. A vehicle that is equipped with multiple air bags can also expect lower insurance rates. If you are a new driver, you should never buy a vehicle without air bags. If the vehicle that you purchase does not have an alarm system, invest in one! The cost of an alarm will be paid back in the form of lower monthly insurance payments!
3. Avoid Claims
Once you get an insurance rate that you can afford, do your best to avoid making any claims. When it comes time to renew your policy, you can expect your rates to go down if you have not made any claims. The best way to avoid making any claims is to drive safe. Follow all of the laws, keep a good distance between you and every vehicle around you, and stay alert! If a minor accident does happen, try to pay for the damage out of your pocket. This is especially important if the cost of the damage is lower than the cost of your insurance deductible.
The life of a new driver can be very exciting, but it can also be very expensive. Auto insurance is required by law, and it is not cheap by any means! However, If a new driver purchases a safe, secure vehicle, and they avoid making any claims until they build their credibility as a driver, they can lower the overall cost of their insurance.