We all know that buying a new car is not like buying a new pair of shoes. While buying new shoes requires you to think twice, buying a new car will make you think many times. And if you think that today is the day to buy a new car, consider getting a new car insurance thereafter. The next problem is where to get a reasonably priced insurance policy?
If you have been a careful and responsible driver, coupled with a skilled and experienced one, the chances of getting a lower discounted rate is not that hard to get. Insurance companies always prefer these types of drivers because they have a lower risk of getting into road accidents. Lower accidents mean lower payout and therefore higher profits on their part.
Most insurers would tie the lack of driving experience to expensive new car insurance. They see that newbie drivers will pose a higher risk than their experienced counterparts.
However, you do not need to worry if you are a new driver. Do not feel discouraged seeing the skyrocketing rates. Needless to say, if you are knowledgeable enough, you can still find big discounts that will lower down those rates significantly. Have a positive outlook and the next thing you know, you can avail of a cheap a new auto insurance in no time.
Being an experienced driver is not only the factor that can influence the rates. Other factor such as the vehicle itself is another strong determinant. Have you tried installing safety features to your vehicle? For instance, studies show that cars with safety features installed will normally get premium discounts. These safety devices include but not limited to airbags, anti-theft devices, third brake lights, anti-lock brakes and four-wheel drive.
Additionally, to get a little down further, try to buy a vehicle with low ranking in terms of road accident risks. Resist purchasing expensive sports cars if you do not want to spend a fortune on insurance, at least. These types of vehicles require expensive maintenance cost which equates into higher premiums in return.
And lastly, enrolling yourself on defensive driving classes to enhance your driving skills is yet another way to get discounts. Always remember, insurers are always on the lookout for responsible persons who spend their time and money honing their driving skills through recognized courses. They even encouraged policy owners to partake in such classes to decrease the risk of vehicular mishaps.