Things to Look for in a First Time Car Insurance Policy

first time car insuranceWhether you are looking for first time car insurance on your first car, or you are looking to get away from your parents’ policy, it is important that you choose an insurance product that not only offers the best value for money, but that offers the appropriate level of coverage for your needs.

Always ensure that you compare insurance quotes on a like-for-like basis, so consider everything from additional extras to the level of deductible that you will have to pay in the event that you have to make a claim. Also, bear in mind that no matter how good value a policy is, if it doesn’t offer what you require, then it doesn’t offer good value for you.

Check for Previous Insurance

Approaching an insurance company having no previous insurance history can prove expensive. Insurers want to see that you have experience driving, and if you have held a licence for ten years but have no insurance history, and have not been named on other insurance policies that you have used, then you are likely to see higher premiums for first time car insurance.

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Check to make sure that you were included on a parent’s policy, or even on a business policy, because these can be used to provide the history you need.

Check for Possible Discounts

A number of trade groups, and even some companies, offer discounts for their members and these can prove a highly effective way of saving money on a desirable and useful policy.

Specific insurers may also offer discounts, even on first time car insurance, for certain factors. Installing transponders, reducing your deductible, and combining insurance policies are some methods that can be used to help get the best policy at the best price.

Get First Time Car Insurance Quotes In Advance

You should get quotes for car insurance before you buy a car, if you do not yet have one. A first time car insurance policy can be expensive, and there can be a big difference between the cost of insurance on a sports car or a compact car. By getting quotes first, you can ensure that you have the budget to cover insurance for the model that you want.

Combine Insurance Policies

Where insurers sell multiple types of insurance products, it is possible to enjoy a discount on one or both policies. For example, taking out car insurance and a home insurance policy with the same organisation may provide you with a means of reducing your first time car insurance prices. Check with your insurer to see if this is a deal that they are willing to offer.

Only Get What You Need

Some policies are loaded with added extras, and while you may consider some of these to be a necessity, others will be a luxury that you literally cannot afford. Check any quote you receive to ensure that you are not paying for these unnecessary extras.

Do determine the level of coverage that you require for your first time car insurance. Third party liability insurance will usually be less expensive than comprehensive coverage, and it may be all you need, especially if you are buying an inexpensive car.

Consider the Deductible for Your First Time Car Insurance

One sure fire way of reducing your first time car insurance is to increase the deductible level. This is the amount that you have to pay yourself if you make a claim. The higher the deductible, the lower your premium will work out. However, don’t get carried away with too high a deductible, otherwise it may prove too expensive to make a claim.