Passing your driver’s license signifies your freedom and independence.
But if you are below 25, it could mean expensive insurance premiums.
If you are from the States, it could equal to thousands of dollars. There are two reasons why this occurs – first, accidents occur more on young drivers. Based on statistics, 1 out of 4 accidents is caused by young drivers ranging from 18 to 24 years of age. This can be attributed to drivers being inexperienced.
Logically as you gain more years of driving, you get to experienced different road situations allowing you to handle the different situations with knowledge. Unlike for a young male driver, you tend to be involved in an accident compared to female.
If you are a male, it is illegal to use gender as a reason for increasing car insurance premiums. However, you still need to lower costs, unless you are rich.
Secondly, there is a lack of no claims bonus. Over time, if you haven’t made any claims on your insurance your claims bonus increases.
Take up an Advanced Driving Course
To increase your skill level, you can enroll to Pass Plus. The course aims to increased your driving skill. The course will let you cover a wide range of situations including the standards of driving test. This will make you a safe driver. Several situations such as motorway driving, bad weather conditions, and busy roads also require different driving skills.
The goal of the course is to make you feel more confident and knowledgeable as a new driver. Some auto insurance will consider this and offer you’re a much lower premium. Although it can vary a lot, Pass Plus can cost around $180.
Stick to Cars in Low Insurance Group
Your car insurance will definitely go up if you are buying high-powered cars. Build up your no claims bonus for a few years while choosing to use a small family car. You can check out different car models until you find that’s affordable. A soft top convertible is more expensive to insure compared to small size cars. It is likely that you will have one or two scrapes in the early days but you will gain driving experience. Although they look easy, parking and reversing are skills that need proper mastering.
Don’t Modify your Car
Adding modifications such as alloy wheels and spoilers can also increase your premium. So say no.
Secure your Car at All Times
If you want to avoid paying high premiums, you need to remove any possible risks – including theft, accidents etc. Although garaging your car is ideal, not everyone can do it. Securing your car by adding car alarms and steering locks will also help. Thieves will less likely steal a car with installed security devices. Zip codes will also affect your premium. If you are living in a safe area you should be fine. But in areas with higher crime rate, it will reflect in your premium.
Voluntary Excess: Pay a Much higher amount
If you pay a much higher amount for voluntary excess when you are under 25 you get to pay a cheaper premium. But the downside is, you may end up paying for much higher repair costs in the event of an accident.