More tips Auto Insurance

Additional driver

If you’re an inexperienced driver, adding an experienced driver, like a parent, to your policy could bring down the cost. However, if you lie to your insurer about who the main driver is, it could invalidate your policy.

Drive with care

Points on your licence mean pounds on your premium, so obey the rules of the road. If you have committed a serious traffic offence, you could find it difficult to buy cover at all.

Get a ‘new’ quote from your existing insurer

Often applying to your existing insurer as a new customer produces a cheaper price than its renewal quote. Insurers put out more competitive prices to attract new customers so simply start again and you could be better off.

New car, free insurance

Buy a new car and it may include free insurance for a few years. While this is only worth a few hundred a year to an experienced driver, to a young car owner it could be worth thousands and is well worth taking into account when you add up overall costs.

Keep your driving licence clean

Having points on your licence will likely increase the cost of your cover so make sure you drive responsibly and keep your licence clean.

Next, you will find more tips to get the cheapest price in your insurance quote if you are a young driver

Pick a cheap car to insure

When looking for your first car, the cost of car insurance is often a big factor in the buying process. All cars on the market belong to one of 50 different car insurance groups – the cheapest car to insure for new drivers can be found in groups one to five. This is particularly important for young male or female drivers with fast cars, which are typically more expensive.

Pay per year, not per month

With the average car insurance premium well over £900, it can be tempting for young drivers to stagger payments rather than shelling out for the cover all in one go. It’s usually much cheaper to pay for the whole year in advance rather than paying monthly, if you can afford to. You’ll avoid the monthly interest charges and could save a substantial amount.

Think about the level of cover you need

Comprehensive car cover is normally the most expensive type of car insurance – it covers both your car and other vehicles if you have an accident. Third-party cover – the most basic level of cover – covers claims against you if you’re involved in an accident and injure someone. It also covers the cost of repairing or replacing the other person’s car, but not your own. Assess how often you plan to drive, what you can afford to cover, and what type of superficial car damage you might be prepared to live with.

Add a named driver, but beware of ‘fronting’You can reduce car insurance costs by adding an extra named driver to the insurance policy – especially if they’re older and more experienced on the road, regardless of whether they are male or female, although you should avoid those with points. Putting the policy in a parent’s name, with the young driver as a named driver when they’re actually the main driver – known as ‘fronting’ – is illegal and can result in insurers rejecting claims.

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How to get the cheapest car insurance

How to get the cheapest car insurance

[b]One in three consumers pays over the odds for car insurance, according to the RAC.[/b] The major crime most drivers commit against their personal finances is failing to shop around for the best......

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