Car Insurance For Learner + New / First Time Drivers
Car insurance is something you don’t want to be without. It can protect you from serious financial stress should you be responsible for an accident. It can also help you to get your own vehicle repaired due to natural disasters or someone else at fault that leaves the scene or doesn’t have coverage. Even vandalism can be something that you have to worry about. Car insurance can be expensive though so you need to be diligent with cutting costs.
Don’t assume that all car insurance companies out there offer you the same prices. The spectrum of cost can range from one end to the other. The use of the internet makes it very convenient to shop around for the best car insurance. Don’t waste your time though filling out form after form. Instead why not use our tool to compare over 80 of the top brokers with one simple search?
The more information you have available to you the better those quotes are going to be. Take a look at your driving record. You may be saying that it is all good since you are a new driver. Yet there are plenty of errors out there on driving records, and they can cause you to pay too much for car insurance.
Have the VIN number ready for your vehicle too. That way all of the safety features on it can be applied. Those safety items are going to reduce the cost of your car insurance premiums.
What do you Need?
Do your homework too so you know what types of insurance coverage you need. If the vehicle is still being paid on to a lien holder, then you need to have full coverage insurance on it. If the vehicle is paid off though you can consider only buying liability insurance. Comparing the pros and cons will help you to make up your mind.
When you have car insurance, there is an excess or deductible that applies. This is the amount of money you have to pay out of pocket when you file a claim. Your deductible has to be paid before the insurance company will pay anything for you. A low excess of £250 is going to have a higher monthly car insurance premium than if you have one of £1,000.
You do have to be careful with this though. Realistically, are you going to be able to come up with £1,000 to pay that excess if you need to? If the answer is no then you need to go with a lower deductible to be safe.
There are plenty of great discounts that can be applied for learners and for first time drivers. It is definitely worth exploring them so you can save money on car insurance premiums. For example if you have taken a driver’s education or 'Pass Plus' course that can earn you a discount. If you are a student with excellent grades that can get you a discount because it shows you are responsible.
Save Money With Direct Debit
Sometimes you can save money on car insurance based on how you pay. For example if you pay for it with a direct debit from your account the monthly fee will be less than if you pay it monthly via a bill that is mailed to you or by credit card. If you can afford to pay six months or a year at a time you can save huge amounts too so consider such options.
Buying car insurance shouldn’t be intimidating. There are enough great providers out there to compare. Make sure you know what you need and what a reasonable deductible is for you. Do all you can to cut rates but make sure you get the level of coverage you need as well. From time to time compare rates again to see if you can save more by switching companies.