While auto insurance is undeniably essential for all drivers, it’s not at all uncommon for new drivers to feel their premiums are substantially higher than they should be.
But unfortunately, new and young drivers are typically quoted a higher premium due to a naturally higher risk profile.
Fortunately, with these savvy approaches, you’ll be able to get the best auto insurance deal out there.
Shop Around For Quotes And Compare Deals
Finding a good deal always starts with shopping around; if you don’t compare car insurance quotes from different insurers, you won’t know if you are being charged too much.
What’s more, shopping around for quotes is a lot less time-consuming than you might think; with insurance comparison platforms, the mundane task is handled for you, and all you’ll need to do is pick the best option.
Improve Your Risk Profile
As mentioned, young and new drivers are typically quoted higher premiums due to relevant risks. However, there are still ways to improve your risk profile and get a better deal.
If you are parking your vehicle outside overnight and during work hours, parking in a secure area will lower your risk of vehicle theft. Furthermore, installing a tracker is another way of improving your risk profile.
Invest In Car Care And Maintenance
Your risk profile is determined by a lot more than risks of theft. You will also need to consider vehicle maintenance and car care to keep your vehicle in top condition, thus lowering the chances of breakdowns and faults.
Car maintenance must include routine services every six months or 6000 miles. Beyond this, you must also prioritize complete vehicle services once a year or every 12000 miles. Even though some maintenance tasks can be done with a DIY approach, many others should only be taken on by professional auto mechanics.
Practice Safe Driving
Auto insurance policyholders who claim often are also billed a higher premium because they are more risk to insurance companies. Even though not claiming is hardly a solution if you need to, you can reduce your chances of needing to claim by practicing safe driving habits.
Safe drivers are a lot less likely to be involved in accidents, so your premium will drop over time. Moreover, you could also consider advanced driving lessons.
Increase Your Deductible
Your premiums will decrease automatically by increasing your deductible, which is the amount you pay when making a claim. But with this, be sure to increase your deductible to an amount you will be able to afford if you need to claim.
Auto insurance brings drivers so much peace of mind. However, if your premiums are too high, you might feel the cover is more of a burden than anything. So, invest effort into improving your risk profile, practice safe driving, opt for advanced driving courses, and take care of your vehicle.
These efforts will translate to lower insurance premiums, which automatically enhance your financial health.