Saving on Student Car Insurance
Once a student passes his driving test and gets his own new car, he is filled with an incredible independent feeling. Now all that is left is to get the right insurance for his car. This should be simple and straightforward, yet the quotes for every young driver’s vehicle.
Well, conventional insurers cannot offer the right quotes based on every individual driver as they are surely not familiar with your driving habits. Thus, they make the rules universal. One such universal rule is the driving age of the students. The driving age of the students has been statically categorised from 17 to 25 years. The insurers charge the drivers with a higher premium. However, there are several ways through which you can save money on student car insurance.
Few of them are mentioned below:
1. Insure several drivers at one time
If you go for one vehicle insurance, you might get a higher quote however; if you go for insurance of several drivers then insurance company will offer you a bulk rate. They will give you a good deal.
2. Have a clean record
If the student doesn’t have any accidents or violation registered to his name, he or she can get lower premiums. The drivers are charged for moving violations and the more number of points, the higher is the insurance premium.
3. Comparison of the packages
Several companies offer several packages for students. Every company have different yearly premium packages. All you need to do is just check the packages offered by the insurance companies and find the one which suits your needs the most and meets your requirements in the best possible manner.
4. Consider increasing your deductibles
While selecting your car insurance, you also have to select a deductible, or the sum of money that you need to pay before the insurance company pays, even during the time of an accident. The higher the deductible, the lower is the premium.
5. Choose your vehicle cautiously
Being a student, purchasing a massive SUV may sound great, but a heavy vehicle will cost a whopping insurance premium. Older vehicles are offered lower premium rates. Different vehicle calls for different insurance premiums.
6. Use Telematics
Few insurance companies offer telematics insurance package. It requires a driver to possess a GPS system so that the company can keep a track where the vehicle is. This eventually reduces the cost of the car insurance as the student is completely under the observation of the company, no matter where he is going.
7. Enquire your agents
The best possible way to get a good and cost-effective student car insurance is to be in contact with your agent. Your agent will explain the right type of car insurance for a student. He can offer you the right guidance and help you pick the right insurance.
Thus, student car insurance is very crucial for a student. The rashness with which student drive their vehicle can lead to disastrous results, the insurance protects them and the vehicle and keeps them safe.
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Category: Car Insurance
