Are you a teenager who just got their driver's licence? Already asking to borrow your parent's car? Before you hit the road, here are a few things to keep in mind about car insurance.
Getting your driver's licence is such an exciting time! Car insurance is a huge part of this teenage milestone.
How New Drivers Can Possibly Save On Car Insurance
Don’t skip driver’s ed. Not only is this crucial for learning how to drive, but you may also be eligible for reduced rates because of the approved and recognized driver training course.
- Will you drive your own car? Do your research first before buying. Insurance costs vary depending on the make, model, and value of the car.
- Be aware if you drive a theft magnet. The likelihood of the car being stolen, or even if you live in an area where car theft is more common, is considered by insurance providers when determining rates.
- Save money as an occasional driver. If you can, get placed on your parent's insurance as a secondary and/or occasional driver. Rates are typically lower this way.
- Know the importance of a clean driving record. Speeding tickets, other violations, and accidents can increase insurance rates, especially for young males. Adopting good driving habits pays off!
- Ask about discounts. Don’t be afraid to ask the questions, you may be eligible for discounts if there are multiple vehicles in your family insured by the company, or there is a special rate going on at that time. Learn more about insurance lessons from our ninjas.
- Ensure payments are on time. If you can’t pay your insurance on time, your policy can be cancelled and this makes you a higher risk client to insure in the future, meaning your rate could go up.
- Noticing your insurance is more expensive than your sibling's and wondering why? Here are the biggest factors impacting car insurance rates.
In addition to learning the ins and outs of car insurance, it’s also important to stay safe on the road. Being in an accident can really shake a young driver up, so make sure you know what to do if you are ever in a fender bender.
Driving a car for the first time on your own is a hard feeling to describe. It's exciting, scary, liberating, but also comes with a lot of responsibility, including paying for car insurance. Take our advice with the tips above, you'll thank us later!