How to Shop Around for New Driver Insurance and Save Money!
Do you deal with your insurance company once a year on the anniversary of getting your car? If so, you’ve likely been shopping around for the best price on new driver insurance. The hunt can be difficult at first, but once you understand how things work, it will become a little easier (and less nerve-wracking). Here are some important steps to help guide you through the process.
Don’t Skimp on Driver Insurance!
For many people, the first time they get in a car with a new driver, they are automatically on low-risk insurance. It is important to remember that the best coverage is a combination of different types of insurance, so if your ideal driver is young, healthy, and has no history of driving/wasting insurance, then it is likely that you are getting the best price on standard coverage. However, if your ideal driver is an old, sick, or very risky driver, then you may be better off with a higher risk policy. The trick is to find the best deal on combined coverage. If you have questions or concerns about how a particular company rates, check out their homepage.
Know Your Options While Shopping
There are many different types of insurance and each offers a different level of coverage. While you don’t want to get stuck with the “least Protection” coverage option, you also don’t want to sign up for the most expensive policy that is not needed. Some people like to shop around to compare different companies and policies, but you can also just go straight to the website and type in your info. When looking at car insurance companies, you will want to pay particular attention to how they price combined coverage. A combination of different types of insurance is the best of both worlds, as it provides you with better coverage at a lower premium. If you are not sure which type of policy you want, many companies will offer a “starter” policy that includes liability, comprehensive, and collision coverage for a low price, but it does not include motor insurance.
Ask for a Comparison
When shopping for car insurance, it is important to know how much coverage you are looking for and how it breaks down. Some people like to compare quotes by looking at how much the combined coverage on different policies would cost, but you can also go the website and see how much you would be paying per year for each coverage option. This will help you get an idea of what each option costs, as well as what you could potentially save. It is also a good idea to call the customer service number and see what type of customer service is offered at the different companies. Some companies will only offer online chat support and customer service numbers, which can be very limiting.
Keep Your Copies
It is important to keep all of the documents related to your new driver insurance policy. You will want to keep track of what company you choose, as well as what coverage you end up with. This will make it easier to compare future policy quotes and save time and money in the long run. You should also store all of your policy paperwork in a safe place, like an shoe box. It is easier to lose important documents like insurance applications, rate books, etc. when you are not familiar with where they are located.
Bottom Line
Car insurance can be a pricey habit, and it can also be complicated. Hopefully this guide has helped you better understand the common practices involved in shopping around for new driver insurance and saved you some money in the process.