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How new drivers can find the best car insurance

If you're a first time driver, you may need some car insurance tips. It can be quite time consuming to find an affordable insurance cover that is suited to your needs. Numerous insurance companies completely avoid issuing first time driver insurance while others charge very high premiums.

There are several reasons why insurance is much more expensive for newly passed drivers. Insurance premiums are often based on gender, age, driving history, credit history, residence, occupation, average yearly mileage, lifestyle, and type of car driven. The majority of first time drivers are under the age of 25. These youthful drivers have not built up much of a credit rating, nor have they built up a driving file yet. Many of these young drivers choose risky lifestyles or dangerous occupations.

Statistics have indicated that drivers under 25 years old have the most road traffic accidents. These accidents usually occur within the first two years of obtaining their drivers' licence. The statistics have also shown that most of these accidents involve males under the age of 25 years. The majority of accidents were due to driver's inexperience, excessive speed, reckless driving, drink driving, or driver distraction. Thus, first time drivers and young drivers are frequently classified as very high risks by insurance companies. Nonetheless, there are some ways you can help to keep your car insurance more affordable.

Things you can do

There are many factors that you simply cannot change regarding the risk you represent to insurance companies. You can't easily change your age or gender. You most likely can't change your residence or occupation too easily, either, although it's not impossible to do. However, you can:
Choose a car in a low risk car insurance group. This usually means driving an inexpensive, low performance vehicle with lots of safety/security features. Sporty, flashy, fast, smooth looking cars will increase your premiums more than a basic run around will.

? Take extra driving courses, such as the Pass Plus training course, inclement weather driver training, and any other driving courses that can improve your experience level.
? Modify your lifestyle if necessary. Stop smoking, drinking, taking drugs, or driving after dark, if possible. If necessary, eliminate risk-taking behaviour.

? Limit your driving mileage as much as possible. Utilise public transportation whenever possible, especially during inclement weather. Organise your errands so they can all be done all on the same day, and plan your route out to eliminate any extra driving.

? Try to pay for your car insurance cover by the yearly rates rather than by monthly rates. Monthly rates will add up in cost due to the high interest rates accrued.

? Drive sensibly to maintain a no-claim, no penalty point record. Obey all traffic regulations and don't drive while fatigued. Avoid peer pressure and eliminate as many distractions as possible. Limit the number and age of your passengers until you have more driving experience.

? Shop around, both online and offline to find the right insurer and car insurance cover for you. Try to obtaining at least 3 quotes each way, online and offline.  You should check with smaller companies before accepting coverage from larger insurance companies, since larger insurers will normally charge you more. Also try to find a company that genuinely provides specialised car insurance packages for first timers. Also ask family and friends if they know of any cheaper quotes for learner drivers. 

? Consider adding breakdown cover to your policy-it may save you ?50-?100 by getting your breakdown cover this way.

?  Before you shop around, figure out what type of car insurance you need- third party liability is the legal requirement, but is a minimum sort of insurance policy. It does not protect your automobile or contents' so you may need 3rd party fire and theft as well, or you may be required to have fully comprehensive insurance. Full comprehensive cover care of damage to your auto as a result of factors aside from collision. It includes fire, theft and natural disasters, as well as contents and any damages to the car. Full comprehensive insurance also cover much more than the aforementioned benefits. If you're purchasing a vehicle, your lender will probably insist on your having full comprehensive cover.

? Build up a good credit history as quickly as you can. Open a bank account, take out a small loan and then quickly repay it. Purchase a few items on a monthly instalment plan to establish a history of long-term financial reliability and if necessary obtain the services of a financial advisor to find good ways of establishing or repairing your credit history.

? Although it may seem better to be included on someone else's insurance, it's best to get the cover under your own name whenever possible. This helps you to establish your own credibility and driver history. It may also help you to avoid leading your insurer to suspect you of fraudulent claims under certain circumstances. Numerous companies are now denying insurance claims due to suspected fraud.

OK it's very expensive to obtain first time driver insurance, but it's even more expensive not to obtain it. The consequences of driving without insurance can be quite serious. You could receive 6-8 points on your licence, which could cause you to lose you license if it occurs within the first two years of attaining your licence. You could also be fined up to ?5000. You could also have your vehicle impounded. Then you'd have to pay ?150 to get it back, and you would still have to get it insured first. A driving conviction would make it impossible to get cheap car insurance for a very long time.

According to some statistics, the Police currently seize approximately 500 vehicles a day for lack of insurance. They claim that about 40% of the seized vehicles end up being crushed or sold because the owners cannot afford to purchase insurance, pay the fines, and pay the impound fees simultaneously. Between the Automatic Number Plate Recognition system and the 2011 Continuous Insurance scheme, it'll soon be very difficult to avoid being caught driving without insurance. So do yourself a big favour, and start shopping around for your first time drivers insurance today!

 

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