Majority of applicants for new driver car insurance will be teenagers. They are considered high risk drivers by insurance companies because most are lacking driving experience. Apart from that, most possess a tendency to be reckless behind the wheel. Usually, they shell out a bit of money for their insurance. Luckily, there are ways to reduce the amount of premium paid for policies of this kind. It just takes a little time looking for it and doing some research.
While the risk is quite high among young drivers, it is impractical for insurance companies not to offer them incentives. First, young drivers comprise a significant portion of the car insurance market. Second, they can do something to reduce the risk.
New driver car insurance applicants need not be all young, of course. For new applicants who are not teenagers anymore, drivers training as well as “good student” discounts still apply, but if they happen to belong to the military, it is best if they inquire about the military discounts that some companies offer.
There is also what people call as “multi” discounts. Some companies offer discounts to policies covering more than one car. If you are in need of cheap new driver car insurance, it is possible to have it incorporated with your parent’s policy so you can avail of discounts offered under this scheme.
In addition, another discount called “multi-line,” referring to incentives given to people who hold more than one policy with a single insurance company can also be obtained. The policy can be anything, from a home, motorcycle or car insurance. After applying for car insurance with them, discounts will be automatically given. The more policies your family has with them the bigger the amount of discount.
Getting all the details of where and how to get a new driver car insurance that will not take too much from your budget seems a lot of work. Actually, it does not have to be. Insurance companies have websites where you can get all the information you need. In addition, there are websites which will provide you with tools where you can get quotes fast. Comparing as many quotes as possible gives you the chance to select the right one.
Online quotes are effective methods of searching for car insurance, but there is another method even more effective: an insurance agent who is also a friend. He will explain to you all you need to know about car insurance, the discounts available to you, and what coverage fits your needs best.