Once your teen has passed their driving
test and the jubilations and celebrations of this momentous event have
subsided, it will suddenly occur to you that your teen will now need their own
insurance either on their own vehicle or one that is to be shared.
A quick dabble into the experience of
gaining various quotes may leave you ready to blow a gasket, with teen
insurance notoriously expensive and riddled with excesses and small print.
Obviously an insurance policy that comes in
on budget is probably your biggest concern, but don’t skimp on investigating
what the insurance policy actually covers; a cheaper policy may not necessarily
be the better option. It may be tempting to take some shortcuts on your cover to
get a more affordable car insurance quote, but this could prove a false economy
if the worst should happen and you needed to make a claim.
Before you camp out by the phone or laptop
ready for a long arduous stint at quote obtaining, here are a few things to
consider first.
Grease Lightening
If the car of your teen’s dreams has yet to be purchased, you are in a good position to try to find a vehicle that is cheaper to insure. Choosing a smaller car, such as a VW Polo, that has good safety features and a smaller engine will help to draw in cheaper quotes (nothing scares insurers more than a teen behind the wheel of a fast car! Come to think of it, that’s a pretty fearsome image for the parents too!).
If the car of your teen’s dreams has yet to be purchased, you are in a good position to try to find a vehicle that is cheaper to insure. Choosing a smaller car, such as a VW Polo, that has good safety features and a smaller engine will help to draw in cheaper quotes (nothing scares insurers more than a teen behind the wheel of a fast car! Come to think of it, that’s a pretty fearsome image for the parents too!).
Share and Share Alike
If a shared vehicle is a realistic possibility in your household, then it may save you a packet. Many insurance policies now will allow a named driver to build up their No Claims Discount at a lower cost than having a separate insurance policy. Pairing a young driver on a policy with an older, careful driver could bring the costs right down. Check out insurers such as Budget Direct Quote who offer this and will allow your teen to accrue their own NCD.
If a shared vehicle is a realistic possibility in your household, then it may save you a packet. Many insurance policies now will allow a named driver to build up their No Claims Discount at a lower cost than having a separate insurance policy. Pairing a young driver on a policy with an older, careful driver could bring the costs right down. Check out insurers such as Budget Direct Quote who offer this and will allow your teen to accrue their own NCD.
Go To The Top of the Class
Many insurers are now offering cheaper car insurance for individuals who have passed an advanced driving course. If it is something that you and your teen are prepared to consider (I know the prospect of more driving lessons will evoke teen eye rolling) look for insurers who will provide a discount for completion of this kind of course and see how their prices compare.
Many insurers are now offering cheaper car insurance for individuals who have passed an advanced driving course. If it is something that you and your teen are prepared to consider (I know the prospect of more driving lessons will evoke teen eye rolling) look for insurers who will provide a discount for completion of this kind of course and see how their prices compare.
Cover Me
A comprehensive cover policy generally comes in more expensive than basic cover. If the car your teen is driving is of low value, it makes no sense to be paying out for a comp policy on which the excess is higher than the value of the vehicle.
A comprehensive cover policy generally comes in more expensive than basic cover. If the car your teen is driving is of low value, it makes no sense to be paying out for a comp policy on which the excess is higher than the value of the vehicle.
Nothing on the Side
Ensure that the quote you obtain has had all the little optional extras weeded out of it. Insurers will add things like breakdown cover and PI cover without you knowing, each extra adding more $’s.
Ensure that the quote you obtain has had all the little optional extras weeded out of it. Insurers will add things like breakdown cover and PI cover without you knowing, each extra adding more $’s.
Secure Your Assets
It’s amazing how minor changes can make such a difference to a quote. Keep the car in a secure garage rather than on the road overnight, fit the car with an approved immobiliser and don’t add any performance modifications to the vehicle or fit it with an expensive stereo. All these small details will lower the theft probability statistics that insurers base their premiums on and provide you with a quote that doesn’t make you choke.
It’s amazing how minor changes can make such a difference to a quote. Keep the car in a secure garage rather than on the road overnight, fit the car with an approved immobiliser and don’t add any performance modifications to the vehicle or fit it with an expensive stereo. All these small details will lower the theft probability statistics that insurers base their premiums on and provide you with a quote that doesn’t make you choke.
We must do something for our investment to be safe. Our luxury car is more safer if we insure it in the right insurance company. Its better to find one before its too late for our investment to be ruined.
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