Owning your first can is an enthralling experience. There are many new motorists out there who are new to driving, and they end up buying their first new vehicle. As they are new drivers, buying their first car can be expensive and purchasing car insurance also can be costly.
Purchasing a car by a new motorist can be a difficult one as they are the ones with the least financial support unless they are getting supported by the financial power of their parents. It is so because the car insurance policy rates for new drivers are high and until you are becoming an experienced driver, you are not going to benefit from a minimal premium. To overcome high insurance costs, given below are certain ways through which you can reduce your new driver car insurance costs.
- Pay a Higher Excess
When you apply for car insurance, you get a quote, and then you will be asked to decide on a level of excess. It is the voluntary amount which a motorist pays towards the repairs in the event of a claim. If you set your excess at 50 pounds, then your overall premium will be higher than if you have a voluntary excess of 200 pounds. But you need to make sure that you will be able to pay out the 200 pounds if possible.
- Take Out the Black Box Car Insurance
Black box car insurance is one of the best tips to get cheaper car insurance for new drivers. It helps young and new drivers to save money on their car insurance by rewarding a safe and responsible driving. This black box is getting installed in the car, and it is used to monitor the driver’s behavior. It simply gets installed to check out whether you drive safely or not, and if you drive safely the cheaper your car insurance could be at the renewal time. It sometimes may not make your first car insurance policy cheaper, but definitely, the second time a discount will get allotted.
- Adding an Older Car Driver to Your First Car Insurance Policy
Instead of parents adding a child to their insurance, the child (who is currently a new driver) could add their parents to their insurance so that it could result in not paying a hefty amount to new drivers. If the new driver, adds a parent to their first car insurance policy, then the price of the policy could come down. It is so because the insurance provider will see an older and more experienced driver sharing the vehicle, and thus may offer at a lower price. You can go for a high value insurance or a standard policy by evaluating your exact needs of policy.
- Make Sure that You Choose a Cheaper Car
The maker and the model of the car you want to own can make a difference to the price of the insurance, especially for young and new drivers. New drivers will badly want to get behind the wheel of the best possible car they can afford, but for it to happen, there is a price.
Choosing a modest car over a powerful car with fast acceleration is the best way for getting cheaper car insurance for new drivers.