Car insurance for first time buyers could be more expensive than what senior and experienced drivers pay for. This is primarily on account of the fact that inexperienced drivers are more likely to meet with accidents and file claims. Any driver that is newly licensed to drive a car in the U.S., regardless of whether he/she is 16 years old or 60 years old, are considered first time drivers. Even those, who were licensed to drive vehicles in another country before, are required to get valid driver’s license in the United States and so, may fall under the category of first time drivers. And if you are categorized as a new driver, qualifying for low sustainable auto insurance rates is difficult although there is a possibility for saving money.
To get the best car insurance for first time buyers for a price which you can easily afford and sustain especially if you are over 25 years old, it is vital that you shop around extensively and compare free quotes offered by several top rated standard and non-standard insurers. Extensive shopping can enable you to save hundreds of precious dollars during your effort to obtain an affordable solution. But if you are still a teen driver then you have the option to get your name listed on your parent’s existing auto insurance policy. Such a prerogative will not require you to purchase separate vehicle insurance cover which is a more expensive proposition. Besides, car insurance premium can be kept low by buying minimum liability coverage as is mandated by your state law.
Typically, when you explore various options on car insurance for first time buyers you need to make sure that the coverage is adequate to protect finances if the insured car were to meet with an accident or a collision. A basic liability cover for third party bodily injuries and property damages might not suffice if the damages are too high. It can cause a dent on the driver’s finances and so, to avoid such type of situation, it is always desirable to make sure that the coverage which you buy has higher limits. Besides, it may also make sense to purchase some additional auto insurance coverage features like comprehensive and collision covers, Personal Injury Protection (PIP) and Uninsured/Underinsured covers. The cost of a full coverage first time driver’s insurance policy will be more but total financial protection could be guaranteed.
However, during your quest to find the best car insurance for first time buyers, you may not be required to purchase full coverage policy if you are driving an old vehicle that is over 10 years old. Older vehicles have less market worth and they might not require to be comprehensively insured. Remember, the market value of a car is an important factor in the premium calculation exercise. But if the vehicle, which you are driving, is under finance from some lender then you might be asked to get a full coverage car cover. But you can reduce your car insurance premium by choosing a higher deductible especially when you have a good and clean driving record as well as credit history.
Here are some additional ways for saving money while getting car insurance for first time buyers.
- Most of the insurers offer variety of discounts on premium. as a first time driver, you could be entitled to get a discounted auto insurance package if you are driving a vehicle that has numerous safety features, member of some club or organization, member of the U.S. military in active service or a military veteran or a college/high school student that has maintained an average B grade on a consistent basis for the past 3 years.
- You can also get a premium discount if you have successfully passed out a defensive driver’s training course form some government approved institute.
- Discount could be available for first time drivers who indicate to insurers that they will be driving fewer miles during the year. Alternatively, insurers may provide a telematics or black box policy and monitor the actual number of miles which you will drive during the year before passing the discount.
Learn more about premium discounts by talking to a competent local expert today!
We can assist you to get auto insurance with no down payment requirement online with sufficient coverage levels and affordable pricing even if you are first-time driver with no driving experience. Take advantage of our expert online services to secure a car insurance solution that easily fits your specific driving needs and budget. Apply for free quotes now!