New drivers are a higher risk to insure than more experienced ones. Because of this, insurance companies will charge new drivers higher premiums for the same coverage, which allows the company to mitigate losses caused by new drivers. For you, the new driver, there are a few things you can do to get your premiums as low as possible, and it is a good idea to use as many discounts as possible.
If you sign up for and pass a driver improvement course, your insurance company will give you a discount on your policy. If you are still a student and maintain at least a B average, insurance companies see that you are trying to be responsible and reward you with an insurance discount. Insurance discounts are available for many different reasons, including such things as where you live and whether your car is parked curbside at night.
Young drivers can save money by being added to the insurance policy of a parent or guardian. As long as the young driver is not the primary driver on the policy, insurance companies will add teens at a lower premium than if they purchased a separate policy. Young drivers can remain on someone elseâ€™s insurance up until the age of 25 as long as they remain in school or living at home.
Drive an older car that can be replaced as cheaply as it can be repaired. You might not be riding around in the latest fashion, but you can save hundreds of dollars a year on car insurance by simply not carrying comprehensive and collision coverage.
To make the most out of insurance for new drivers, try getting a few quotes from free online insurance sites that offer quotes and comparisons. Tailor the policy you need and the site will compare your quote from several different insurance companies. And while you do not have to include optional coverage in the policy, be careful that you purchase enough coverage to protect you if an accident happens.