Top 10 Car Insurance Tips for Young Drivers

The top 10 car insurance tips for young drivers can take the mystery out of the whole process of purchasing car insurance for the first time. You will find so many businesses and variable that may affect the outcome.

All the good tips you get for a cheap car insurance premium is applicable only for aged car drivers most of the time! So what would you advice for a young driver if he were to save big on his car insurance premium

1. Ask your buddies and neighbors, those who appear wise, what insurance companies they go with and why. Insurance businesses rate every location differently, so it helps to talk to individuals right inside your area.

2. Get as many quotes as you can – the algorithms the insurance companies use to set prices differ from company to company for all drivers, but are most variable for young drivers.

3. See if they offer driver discounts for good grades or drivers' education, or other similar course completion. Also inquire about savings from bundling your car insurance with your parents' vehicle and homeowners' insurance policies.

4. Don't just accept the first quote that a company offers you.

5. Call three or four different agencies and get comparison quotes based on the same coverage. Be sure that each policy has the same deductibles and that they are ones that you are comfortable with. The lower the deductible the higher the premium will be.

6. Check the reputation of both the agent and the company they represent. The policy is no good if they don't cover you when you need them.

7. Be aware that your credit rating and previous accident history will influence the amount of your insurance premium.

8. Make sure you have the coverage you are required by law to have in your state.

9. Get the "full tort" option. Even though it costs more, if you are ever in an accident, it allows you do get much more money in benefits.

10. Ask about payment terms, as some insurance plans will save you a little money if you pay quarterly or every six months or year instead of once a month. Most will also offer a small savings by setting up an automatic payment directly from your checking account.

This advice basically boils down to: Be an Informed Consumer.  Shop around, ask questions and don't be intimidated by the process. Once you have settled on an insurance provider don't fall into the trap of acting like you are married to that provider.

Insurance companies have a tendency to start out with low rates, but each policy renewal thereafter results in a subtle raise in your premium. Look for it and don't settle.  Check with at least 2 other companies to see if they will beat your current premium. Just make sure when you do this that the benefits are identical.

(Source:www.bestcarinsurancetips.net)