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If you are a young driver, car insurance companies will penalise you heavily for your inexperience and you might find it difficult to get cheap car insurance. In this article we’re going to briefly take a look at why this is and find out what young drivers could do to get insured for less.
The easiest way is to simply apply for third party cover. Third party insurance provides the cheapest and lowest level of accident cover. Although it won’t pay for any accident damage to your car or cover your personal injury, it does insure against accidental car damage and personal injuries caused by you to another person or their property. So if you make a claim because of an accident you will at least know other people involved will be compensated. It is also likely that your first car will be inexpensive, so covering the car itself will be less of an issue.
How can young drivers find cheaper car insurance?
Fast, expensive cars cost more to insure. When you buy your first car, consider buying a smaller model with no modifications to help bring down insurance costs. Consider taking the Pass Plus test - this is an advanced driving course and some insurers will give you a discount if you complete the course. Most importantly, drive safely. If you have an accident or get caught speeding your car insurance premiums will go up. If, on the other hand, you don't make any claims you can build up your no claims bonus year by year which will earn you a discount on future car insurance premiums.
Keep Up to Date with Your Car Insurance
Even after you have secured insurance for your car, it is wise to periodically check the rates other car insurance providers are offering young drivers. Car insurance and your circumstances perpetually change and you may find the provider who offers you the best car insurance rate varies periodically. Many car insurance providers offer a host of discounts to those who qualify. These discounts can relate to your driving record, safety features of your car, your age or other factors.
Many young drivers object to having to pay their monthly car insurance bill because they feel the insurance isn’t necessary. Although car insurance is a seemingly superfluous financial burden, it does pay off if you are ever in a serious car accident - usually with significant financial ramifications. Therefore, you should never consider allowing your car insurance to lapse and it is recommended you search diligently to find the best available rate on your car insurance for young drivers. There are a few other things you need to consider... Click Here
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