Learn more about young driver car insurance
Car insurance for most people is a sacrifice. However, it is in fact necessary. However, car insurance for new or young drivers can be exorbitant, to say the least. This is mainly because insurance companies see new and young drivers as high risks. According to statistics, drivers between the ages of 17 and 22 are far more likely to be involved in car accidents than drivers over the age of 25. This basically means that car insurance for under 25's will remain sky high. However, if you are struggling with the rising or exorbitant cost of car insurance, there are a few things you can do to try and lower the premiums.
Make Your Choice of Car Simple
If you're under the age of 25, you most probably would want to get a modern, souped-up car with all the bells and whistles. Even though you may be tempted to modify certain features on your car to make it more noticeable, don't. Modern and powerful cars are often a target for thieves and cause expensive accidents. So while a flashy looking, fast cars may be good for your self image, it is definitely not what you need for your wallet. Instead try to go for an average, older car, with a slower engine.
Invest in Bumping up Security
Investing in security gadgets such as alarms and trackers can significantly lower your premiums. If you can show that your car is less of a security risk, then you should get a percentage knocked off your premiums. Cars that are parked in a garage or on a driveway have less chance of being stolen or damaged as apposed to a car that is parked on the street.
Check Your Occupation
Your occupation is one of the factors that is used to calculate your premiums. If statistics show that doctors meet with car accidents more often than brick layers do, doctors will pay the higher premium. There are often different variations of one job type, for example, a student who lives at home may pay less than a student who lives at a dorm, or a builder may pay less than a construction worker. So choose your job title carefully as it could mean the difference between paying a high premium and an affordable one. However, you should also remember that you should be truthful at all times.
Earn a No Claims Bonus
Every 12 months that you contribute towards your insurance, but don't claim, you earn a no-claims bonus, which gradually reduces your premiums over time. After approximately 5 years, you should be receiving a no-claims bonus that makes quite a difference. However, you should not feel obligated to sticking to an insurer if you know you can get cheaper premiums elsewhere. Your no-claims bonus can also be transferred to a new car insurance provider when you choose to switch. Ultimately, young driver car insurance is dictated by the insurance companies and most people would rather make the sacrifice and pay it rather than being left with no car insurance at all.