As a young driver shopping around for car insurance for the first time, you will have already noticed how extortionate some premiums are and also feel quite worried at just how much it’s going to cost you to finance a car in your first year. Finding affordable driving lessons is easy, you can book brilliant deals through driving schools such as Weekly Crash Courses, but it’s a different story when it comes to car insurance. Knowing some of the tips of the trade can help to lower car insurance costs, and here we provide a list of suggestions to bring down the price of your premium.
Choose your first car wisely
Spend a little time researching different cars to find the cheapest vehicles to insure for young drivers. The lower the insurance group the cheaper the car will be to insure so consider vehicles in bands 1 – 5. Some of the cheapest cars to insure at the time of writing in 2017 include the 10 candidates on this list:
- Toyota Yaris
- Kia Rio
- Renault Twingo
- Vauxhall Corsa
- Volkswagen Up
- Hyundai i10
- Seat Mii
- Dacia Sandero
- Skoda Citigo
- Ford Ka
We’d suggest you draw up a shortlist of cars that fall into the lower insurance category then get a quote for each model you like the look of and don’t be afraid to shop around for deals.
Accept the Black Box Policy
Black Box Policies use telematics to monitor how a car is driven and clearly track driver behaviour. As a safe and sensible driver, it’s certainly worth considering this type of premium as you can make a massive saving on insurance if you agree to have a black box fitted inside your car.
Look at the policy excess
Car insurance policies usually come with a compulsory excess which is a set figure the policy holder agrees to pay if they have to make a claim. You can sometimes lower the cost of insurance by agreeing to raise the voluntary excess figure at the start of the policy. Just make sure you have funds available to pay the excess amount should the unthinkable happen.
Make one payment
Spreading the cost of car insurance into manageable monthly payments might be useful but you can make a bigger saving by paying for the total cost of the car insurance in one yearly payment. If you can afford to do this, pay yearly for your car insurance and avoid any unnecessary interest charges.
Tempted to tweak the car? Don’t!
It’s very tempting to modify your car when you get it by adding a shiny set of alloy wheels, sports exhaust system, and other modifications to improve the look and performance of the vehicle. Do this and you have to declare the extra features, otherwise, your insurance will be null and void. Think carefully before you modify your car. This can send the cost of your insurance premium soaring.
Compare quotes for different levels of cover
As a general rule of thumb, fully comprehensive car insurance is normally the dearest option, whereas third party, fire and theft policies are cheaper solutions. Get quotes for both to see the difference, and if third party insurance is significantly cheaper, consider if this is the best option for you. Third party insurance will cover the other person’s car in the event of an accident but not your own. In the most serious instance, if you are at fault for an accident and you write your car off as a result, you’ll be left with nothing and have to start again.
Start making savings today and call to book a Weekly Crash Course
Think carefully about how you are going to save money when you buy insurance for your first car. If you haven’t reached this stage yet, and want to book affordable driving lessons with a view to passing your test as quickly as possible, don’t hesitate to contact us here at Weekly Crash Courses. You can get in touch online or call us today on 07788 973 536 to book your first lesson.