When you sign up for insurance, you are going to be asked when you got your license. The insurance company asks for this information to find out how many years of driving experience you have. Generally, new drivers possess a greater risk of getting into an accident than a more experienced driver.
Way #1: Invest in a Standard Vehicle
First, you are going to want to invest in a standard vehicle. Now is not the time to purchase a sports or luxury vehicle. Sports and luxury vehicles naturally drive up your insurance rates, and even more so for new drivers.
Instead, during your first five years as a driver, you are going to want to invest in a standard vehicle. Driving a vehicle that is one of the base models will help you save on your insurance costs for two reasons. One, the vehicle itself will cost less, meaning it will cost less to fix and replace if you get into an accident. Second, a standard vehicle generally can't go as fast as its sports counterpart, making insurance rates lower on the car.
Way #2: Make Sure the Vehicle Has Modern Safety Features
Second, you need to pay attention to the safety vehicles that your vehicle has. Even if you are going for a standard model, you want to make sure it has lots of safety features.
For example, you are going to want a vehicle with safety features such as side airbags and anti-lock brakes. Features such as a security system will also help to lower your insurance costs.
Way #3: Bundle With a More Experienced Driver
Third, if you want to save money, you are going to want to bundle your insurance policy with a more experienced driver. This will allow you to enjoy more affordable rates. For example, if you stay on your parent's policy, you will be able to enjoy lower rates than if you went onto your own insurance policy.
Way #4: Shop Around
Fourth, you are going to want to shop around for your insurance policy. Each insurance company has its own set of factors that it uses to determine insurance rates. One provider may offer you much lower rates than another insurance provider, which is why you should always compare rates and offers from one company to another.
When it comes to keeping your insurance rates reasonable as a new driver, you should drive a standard vehicle with modern safety features. You should share a policy with more experienced drivers and be sure to shop around for the best quotes.
For more information about car insurance, contact a local insurance company.
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