Getting behind the wheel of a car as a new driver makes many people as nervous as it does excited. This is a natural combination of emotions to have about this new responsibility. Drivers who are aware of just how big a responsibility driving a car is are more likely to be safer drivers and obey the rules of the road. Of course, one of the big responsibilities that come with your new driver’s license is the need to buy auto insurance. Do not panic because making sense of getting your new car insurance policy in place does not have to be another challenging task.
As a new driver looking for a new car insurance policy to cover you on the open roads, there are a few things you should know upfront.
- Young or new drivers are considered to be in the high risk category when it comes to securing a new auto insurance policy. Unfortunately, this does mean higher premium rates, at least for an initial beginning policy period. By shopping around for and comparing auto insurance premium rates, you can find plenty of affordable options for you to choose from.
- You will have to make sure you meet your minimum requirements to be a legal and protected driver behind the wheel with your new driver’s license. You can work with an insurance agent to make sure your needs are met for this. Keep in mind the prices of your rates can vary even due to the zip code where you reside. Cover your requirements, which may also include those set forth by a lender if your vehicle is financed.
- Driving without car insurance is illegal in almost every state. Aside from the financial risk you take when you drive without insurance, you may also incur legal trouble if you choose to get behind the wheel without the protection of proper car insurance coverage. As a new driver, don’t take the gamble by operating a car without the minimum amount of coverage needed.
Make It Affordable
Although the rates for new drivers who are considered high risk will be steeper than for many other types of drivers, you can take some steps to try to cut down on those premiums. The crucial part is to make sure you actually get your rate quotes for comparison and have a policy in place before using that new driver’s license.
To save money when you buy auto insurance consider:
- Do not finance a new car. If possible, avoid financing altogether when you first start driving. A financed car requires more car insurance policy coverage so if you have a car that is already paid for your rates will be lower. If you must finance a car, try to make it a used one that is not a sporty convertible. The safer and more conservative the vehicle the less likely your car insurance rates will sky rocket.
- Add yourself on to another policy. In other words if you still live at home try to get added to your parent’s policy to cut down on premium costs. Whether you are driving their car or your own, you can usually save money by getting added to another policy instead of starting a new one. Encourage your parents to rate shop and possibly buy auto insurance that would be cheaper for the entire family as well.
- Bundle your policies with one provider. If you or your family have multiple insurance policies for different coverages check to see what your savings could be if you combined several of these policies with one carrier. From homeowners, renters, boat, motorcycle and even life or health insurance, most policy providers offer much better rates on all of these types of insurance policies if you are willing to use just one carrier. Not to mention this makes it easier to keep track of paying your insurance bills.
- Keep those grades up. Many car insurance companies actually offer a good grade discount for young drivers because they cannot yet qualify for a good drivers discount. This can save new drivers up to ten percent and can carry on from high school into college years with some policy providers.
The best thing you can do is shop around for your best rates as a young driver. By using just your zip code, you could be on your way to finding the best rates when you buy auto insurance.