When searching for ways to lower car insurance new drivers may be in a position to take advantage of these useful tips:
- Get Experience: If you are an inexperienced driver, you could establish a decent driving record by purchasing a membership in a car-sharing service such as Zipcar. Even though you have to pay for a membership, the yearly savings you gain on your car insurance premiums will more than pay for the membership.
- Second Driver: Place yourself as a second driver on someone else’s auto insurance policy. To pay lower car insurance new drivers often go this route because they can remain on another’s insurance policy for as long as they want to, with no restrictions.
- Pay Upfront: If you can afford it, paying your car insurance in full for one year may save you money. Some insurance companies offer discounts to customers who make six-month or 12-month payments on their premiums.
- Shop Around: Every insurance company establishes their own car insurance rates independently based on many factors. Shopping around before committing yourself to one insurance company can provide you with the lowest insurance rate available in your area.
- Agency or Broker: An insurance agent typically represents the options of one insurance company. An insurance broker represents the products of many different insurance companies, so they can quickly do the comparison shopping for you.
- Type of Vehicle: Before purchasing a car, you should research insurance rates covering the kind of car you plan to buy. Be aware that vehicles with high theft rates or “sports” cars that tend to get driven recklessly will probably have higher insurance rates.
- Driver Education Course: Some insurance companies offer lower auto insurance rates for newly licensed young drivers if they complete a defensive driving course.
- Vehicle Use: How you use your vehicle can affect your insurance rates. For example, if you put a minimal amount of kilometres on your car annually because your commute to work is short, you may qualify for a significant discount. Rates can also reflect changes according to where you live, if you recently changed jobs or if you are 25+ years old.
- Good Student: If you are a young, new driver and received excellent grades in school, you may be eligible for a discount from your insurance company.
Safe Driving for Lower Insurance Rates
Finally, to maintain lower car insurance new drivers are strongly urged to be cautious, defensive drivers instead of overly confident, offensive drivers. The one thing that will definitely increase your insurance rates is having an accident that involves another vehicle or accumulating too many traffic tickets in one year.