Finding a car insurance policy for a first time driver can be overwhelming. You don’t want to break the bank, but you want to be protected if an accident occurs.
First-time drivers typically pay more for car insurance than experienced drivers, but this doesn’t mean you can’t find a company willing to give you a good deal. Many tips can help you or your teenage driver get the right amount of coverage at a fair price.
Doing your research on reliable insurance companies and learning what to expect when you find one will lessen your stress level when the time comes to purchase your policy.
Speak with a professional insurance agent today to learn what type of coverage will benefit you and your family the most.
7 Tips for getting cheaper car insurance
While car insurance can be expensive, there are many ways you can get discounts and save yourself some money.
Maintain good grades
Being a good student and maintaining good grades can pay off. Many insurance companies will offer student discounts for high school and college students that keep a minimum B average.
Take a defensive driving class
Taking a defensive driving course makes you a much safer driver. Some insurance companies will reward you with a discount once you have completed the class successfully.
Choose the right car
Choosing a safe and reliable vehicle over a luxurious or exotic sports car can lower your insurance rate. If you haven’t purchased a vehicle yet, an insurance agent can give you rates for different models to compare prices.
Compare insurance companies
Do your research on several insurance companies before making any permanent decisions. You want a reliable, trustworthy, and professional agent that has your best interest at heart.
Join an existing policy
You may save on your insurance policy by joining an existing policy. Often, parents will add their teenagers for this purpose. Most insurance companies offer multi-vehicle and multi-policy discounts.
Get the right amount of coverage
You will need to purchase at least the minimum required amount for your state. After that, it is up to you whether you want to decline optional coverage add-ons or add more coverage.
Some prefer only to buy the amount of coverage required, while others opt for more, knowing that saving now may mean paying more in the long run.
The best way to keep your insurance plan low and save yourself money is to drive safely. When your driving history shows no accidents, you are likely to get a better deal. Keep a clean record to stay low risk.
How to purchase car insurance as a first time driver
When you are purchasing insurance for the first time, the different terms and lingo may confuse you, adding to your anxiety.
As the parent of a teen, it can be stressful making additions to your existing insurance policy. You may not understand your new rates, how to get discounts, or how much coverage your teen will need.
Speak with a local agent
The first step in buying an insurance policy is determining your state’s requirements for minimum coverage.
Once you have figured out the type and amount of coverage required to drive legally, you can choose the amount of coverage you need. You may want to stick with the minimum, or perhaps you want to purchase add-ons or more coverage than what is required.
Your agent can assist you in making your decision.
- Personal information
- Drivers license
- Social security number
- Bank information
- Vehicle information
- Supplemental information to qualify for discounts
- Proof of good grades
- Completion certificate for a safe driving course
- Military I.D.
- Proof of being a homeowner
Why do first time drivers pay more?
Statistically, teens and young adults 25 years old and younger are more likely to get into automobile accidents. When you are considered high risk for accidents, insurance companies will charge you more.
When parents are aware of the following eight danger zones, it can help promote safe driving, prevent accidents, and save lives.
The leading causes of accidents in teens include:
- Nighttime and weekend driving
- Not using seatbelts
- Distracted driving
- Drowsy driving
- Reckless driving
- Impaired driving
Discuss first time driver insurance with a Frost & Remer agent
Being a first-time driver or the parent of a first-time driver can be exciting and nerve-wracking. You will feel a mix of overwhelming emotions during this significant milestone.
At Frost & Remer, we understand your specific needs and can help you obtain the best insurance policy and coverage for you and your family.
We offer multi-car discounts, good student discounts, and discounts to nurses, teachers, and those who have served in the military.
Call us today to schedule an appointment and receive your free policy review and full risk assessment. During your appointment, we can discuss bundles and discounts.