A car does not come alone to your home, it comes with many other additional expenses along with it. One such expense is paying car insurance premiums. Many young drivers are often left with a common question, “Why is my car insurance policy so expensive?” Here is the answer to your question. Join us on this ride where we help young, new drivers with smart tips to get cheap car insurance.
All the car insurance companies are majorly concerned with the experience and level of skills that young driver posses. Because, more the experience, more the skills, and less the accidents that results in no claims which adds to the profit of the company. Therefore based on your skills and experience, the car insurance companies offer discounts to young drivers.
A car insurance premium is calculated based on many factors and being risk. Usually young and new drivers are considered into high risk group. In such a case adding someone from a low risk group i.e. adding a more experienced driver in the policy brings considerable difference in the premium amount.
One of the simple and easy ways to get a cheap car insurance policy for young drivers is to drive smooth and safe. When you drive safely especially in the first policy year, having no accidents, no claims, you prove yourself as a low-risk driver which automatically brings a significant fall in your premium amount at the time of policy renewal.
In addition, insurance companies are using telematic devices that can be installed in your vehicle to monitor your driving. If it detects that you’re a cautious driver, information can be transmitted to the company to get you cheaper auto insurance.
Naturally, if you are an experienced driver with good driving skills that drives safely and having no accidents you will be eligible to get various discounts namely Company Discount, which depends from company to company where the company provides discounts for good driver which have gone up to 75% in many cases. Other being the No Claim Bonus which is set for all the car insurance companies by IRDAI.
Most people choose to pay premiums on a monthly basis and end up more premium because along with every monthly premium you will be charged with additional interest rates and other charges to both the bank and the car insurance company. Therefore by paying annual premium you will save on these additional charges.
One of the best way to get cheap car insurance policy for young drivers is to compare policies online.
At OneInsure you get an opportunity to compare best car insurance plans and make the best deal available for you without being unfair. This gives you the exact difference between the price, coverage, and other benefits offered by the plans.
If you still have any queries or need assistance we are just an email/call away. Write to us at firstname.lastname@example.org or call 86559-86559.
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