What steps can young drivers take to save money on their insurance premiums?
If you’re under 25 and have recently passed your driving test trying to find affordable car insurance can be a nightmare. Why do insurance companies seem to be penalising young drivers? Well unfortunately the statistics on road traffic accidents don’t paint a pretty picture. Drivers under the age of 21 years for example are ten times more likely to be killed or seriously injured in a car accident than drivers that are over the age of 35. In fact it is estimated that when a male driver under the age of 25 has an accident his claim will cost around double what an older males claim would. It is easy to see why insurance companies err on the side of caution. But what steps can you take to lower the costs of your premiums?
Advanced driving course are one way in which you can lower your insurance premiums. The Pass Plus course for example consists of six supervised lessons at a cost of around £145. These courses are designed to give you a wider experience of driving for example in wet conditions, on motorways, at night or through the countryside. Some insurance companies will offer you as much as a 35% on your insurance policy if you have completed such a course. The more experienced or qualified you are to drive the more likely your premiums are to be reduced as you are less likely to be involved in an accident.
Another thing you should consider is what car you drive, try to pick a car that considers to be in the lowest insurance category (insurance group one). Cars that you might want to consider that fall into the group one insurance bracket are Citroen C2, Ford KA, Fiat Panda or Vauxhall Corsa's. These cars are lower to insure than other cars and could give you big savings over the course of a year. In addition to this although tempting it is not advised to make alterations to your car if you are trying to save money on your insurance premiums. Not only do modifications make your car more appealing to thieves they also increase your risk of having a road traffic accident. By modifying your new wheels your car becomes higher risk and your insurance premiums inevitably rise. So steer clear from those alterations until you can afford to pay for them!
One of the easiest and quickest ways in which you can make savings on your car insurance is by shopping on line for the best deal. Companies that offer on line insurance can do so at a lower rate as they have no overheads to think about. If you’re serious about making savings it is advisable to get regular quotes on your car insurance, some shop around as often as every six months searching out the best deals in order to save money. To make your life easier it is a good idea to visit a price comparison site as the process of finding the cheapest car insurance could not be an easier. A site like moneysupermarket.com can help you compare car insurance quickly and help you find the right cover to suit your needs. You will find a wide variety of choice and will probably come across companies that you didn’t even know existed or had not considered approaching before.
If you follow just some of this advice you should be able to make yourself some considerable savings, just think what you could spend the extra money on!!
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