Whether you’re just starting out or have recently passed your test, follow these simple yet noteworthy steps to slashing your vehicle insurance costs.
With motoring costs rising from the month, saving as much money as possible is the number 1 goal in terms of car insurance for learners and newly qualified drivers.
Recent surveys show that the great majority of motorists searching for car insurance online want the lowest priced rate. Areas of insurance, such as the standards of service and superior numbers of cover, almost fall under insignificance according to the statistics.
Over the past few years car insurance comparison sites make the process of searching out lower premiums much simpler. There’s no doubt that having the ability to compare hundreds of policies by submitting your details with a handful of sites will save you time and money.
However, young drivers and learners still face eye-watering rates when it comes to covering themselves to operate a vehicle legally while driving. So before submitting your details, follow this short but helpful list to lower your costs:
1. Work with a vehicle in a low car insurance group to acquire lower quotes
Just about the most important aspects that come into consideration when insuring any car is the group it is given by the insurers. In summary the lower the vehicle insurance group the greater. This is because an organization 1 car is going to be thousands of pounds cheaper to insure than the usual group 20 car.
A typical low insurance group car would be a small super-mini type vehicle having a small engine capacity. A tiny unmodified car having a 1.0 litre petrol or diesel engine would therefore usually belong to a lower group banding, typically being classed as a 1 to 5 rating.
Recent changes mean that the long-standing system of car insurance groups have contains a one to twenty rating, this has now moved to a one to fifty system.
2. Improve on your ‘Road Miles’ and insurers will reward you
No doubt that the more driving experience you’ve under your belt the greater. Figures produced by the authorities show that first-time passes towards the practical driving test come from people who have up to 60 hours hand on experience.
The reason that insurers need to inflict weighty premiums on inexperienced drivers, particularly learners, is because of the frightening accident statistics. Among the large motor insurers reported a 300 per cent increase in claims from drivers younger than 23 before five years.