A “new driver” can be teenagers, young adults or persons who got their driver’s license later in life, as well as drivers who are new to the United States. Getting your driver’s license for the first time can be an exciting milestone. It can give you a sense of accomplishment and freedom that you may not have had before. You can drive to work or school, run errands easily, or go on a spontaneous adventure. But when you just get your license, you’re considered a new driver, and getting car insurance for new drivers can be more expensive until you get some more experience under your belt. We all know that next to a home a car is likely one of the most expensive single items we will ever own. That is one of the reasons we want to insure our automobile. All of us want to find an insurance package that will provide us with the correct coverage at the right price for that coverage. In this article, we will list some tips to assist you in obtaining the type of insurance that you desire at a price you can afford.

Purchasing Your First Automobile

The vehicle you choose has a significant impact on the cost of insurance. You must have a current insurance certificate in order to operate your car on a public road. So, if you want to save money on vehicle insurance as a new driver, do not just buy any automobile and then hunt for discounts.

When it comes to selecting a vehicle, be cautious:

  • Don’t purchase a flashy new sports car.
  • Don’t purchase a “high performance” car as they are more likely to be driven recklessly.
  • Don’t purchase a car with a high theft rate, particularly if you have comprehensive insurance that covers theft.
  • You will spend more on a fiberglass body vehicle regardless of size than on a car with a metal body.
  • Buying a used vehicle is smart but if it’s too old, it will result in poor safety ratings.
  • High performance audio systems and pricey alloy wheels are two examples of luxury items that will increase your insurance rate.

Cost For Auto Insurance For New Drivers

Car insurance for new drivers may be more expensive because of the level of risk. When determining your car insurance premiums, auto insurance companies look at things like your driving record and insurance history. This also includes how many years you’ve had your driver’s license. Car insurance for a new driver can range from about $1,500 per year to $3,000 and above. Costs depend on the new driver’s vehicle, location, driving record (if any), credit, and more. New drivers have less experience behind the wheel. That means that they’re more likely to get into an accident and file a claim with the insurance company. Insurance companies charge new drivers higher rates to compensate for the higher likelihood that they’ll file a claim.

How Can New Drivers Save Money On Auto Insurance?

Being inexperienced behind the wheel of a car usually leads to higher insurance rates, but some companies still offer great prices. Just like finding insurance for any other driver, finding the best car insurance for new drivers means doing research and comparing prices from providers.

  • If you are a teenager, stay on your parents’ auto insurance – Your parents insurance history, credit score, and driving records certainly result in lower rates that you could get on your own.
  • If you are still a student, strive for a good student discount of up to 15%.
  • Compare rates because each insurer underwrites policies using slightly different rating variables. This can result in premium differences.
  • Choose a vehicle with a multitude of safety features.
  • Is a $250 or $500 deductible better? An insurance plan with a $250 deductible may cost 20 percent more as compared to a larger-deductible plan. So, if you can afford to pay more than $250 out-of-pocket after an accident or a loss, choose a higher deductible amount.

Customized insurance coverage means policies can differ from person to person. Having adequate car insurance is both smart and prudent, but there’s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of dollars depending on a number of factors. Review your coverage to make sure your insurance is in step with your needs and follow these practical steps to reduce the bottom line on your auto policy.

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About Rollins Insurance 

Rollins Insurance is an independent insurance agency providing our clients the best prices with the most coverage possible since 2008. We represent multiple A-rated insurance companies to make sure we deliver the most competitive rate packages to our clients in Kentucky and Ohio. We find that most people are under-insured and over-paying when we meet them. We love what we do and our primary business is Personal Auto, Homeowners, and Life and Health insurance. We are a family-owned and managed business that specializes in providing needs-based insurance services.
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