Car Insurance For New Drivers Made Affordable With Best Tips
In this blog
Why Is Car Insurance for New Drivers So Expensive?
- Teenagers or young adults who just got their driver’s license.
- Adults who learned to drive later in life.
- Adults who have had a long gap in driving.
- People who immigrate from other countries and aren’t familiar with U.S. laws.
What Are Some Other Things That Help Determine the Cost of Car Insurance for New Drivers?
- Make and model of the car
- The car’s age
- Materials used to make the car
- State the car is being used in
- Purpose of using the car
- The car’s brand.
What Are Some Things to Keep in Mind When Buying Car Insurance for New Drivers?
- Property and Casualty insurance
- Liability Insurance
- Risk Insurance
How Can You Reduce Costs of Car Insurance for New Drivers?
Stay on Your Parents’ planIf you are a teen driver or a college student, it’s possible for you to stay on your parents’ insurance plan. Your parents’ insurance history and credit score are likely to help you get a cheaper quote on coverage. By staying on their plan, you can save thousands of dollars yearly. If you’re a college student, the only stipulation for staying on your parents’ plan is to not drive another car if/when you’re away from home.
Your Choice in CarsTo get cheaper car insurance as a new driver, you should pick a moderately priced car. For example, it will be much cheaper for you to cover a Honda Accord than a Mercedes Benz. We recommend starting your driving experience with a second-hand car, as long as it’s in decent condition. A junker will be expensive to insure, as well.
Look for DiscountsNew drivers may not have the right car insurance from the get-go. The following tips can help get you significant discounts:
- Try for a multi-policy coverage. That means getting all your insurance from one company.
- If you’ve got more than one car, insure them under the same coverage.
- Many insurance companies give discounts based on referrals. Find out if that’s true for your carrier, and, if so, refer away.
- Try paying your insurance premiums in full. It makes you more likely to get a discount.
- Green vehicles such as hybrids and electric cars get a discount in coverage from many insurers.
- If you’re a student, you may be eligible for student discounts.
- You may be able to get a discount based on your job. Many insurance companies see teachers, police officers, and scientists, among other professions, as being low-risk drivers.
According to the CDC, the most common factors that put new drivers, especially teens, at risk, are:
- Nighttime driving
- Not using seat belts
- Distracted driving (using phones)
- Substance abuse (like alcohol)
When getting first-time car insurance for new drivers, it’s natural to have a lot of questions. Find an agent near you to get answers to all your questions.
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