How Much a Cost of Auto Insurance For A New Driver?

How much a cost of auto insurance for a new driver- For the brand new driver, having autoinsurance is maybe something that they never think about? Before you know the car insurance for a new driver costs, it is better for you who is a new driver to know what does car insurance stands for. There are two kinds of coverage that the insurance companies give to their customers:

1.      Coverage of Bodily injury: This is a covers injury that is suffered by another person during an auto accident.

2.      Property damage coverage: This covers damage to another person's property during an auto accident.

One thing that you have to note is that that liability insurance will not cover you unless you are becoming the injured party (even then, it’s the other person’s insurance that covers you).

Average Cost of Auto Insurance

As we know that the people under 25 years old will get the different auto insurance rates based on some considerations such as gender, behavior and many more. The cost of auto insurance for under-25s is completely high like a sky rocket. The average cost for a 17-22 year-old is already at £1,277 per year. According to research by comparison website Gocompare.com, youngsters, or their parents, are spending an average of £3,825 on their first car, up from £2,477 in 2009. The website said car insurance makes up a third of the total bill at an average of £2,232 for a 17-year-old driver, down from £2,455 in 2009.

The Ways to Lower your Auto Insurance

Thanks God that there are some factors that you can control to make your auto insurance rate is lower.  Below are some tips for car insurance cost-cutting tips for young drivers that can save you £100s. Check it out.

1. Never Assume that the third party is the cheapest one There are three different types of car insurance: third party only, third party fire and theft, and fully comprehensive.
2. Choose a high deductible. Most people choose a low $250 deductible, which is much more expensive than, say, a $1000 deductible. If you can afford to pay $1000 in case of an accident, you will save significant money by raising your deductible to that amount, or higher. So, choose a high deductible is a good way to cut your auto insurance rates.
3. Shop for lowest rates. Let’s make it clear, insurance rates vary widely between insurance companies. There is no such thing as “standard” car insurance rates. As a new driver, if you are considering simply being added to your parents’ policy, you might find that changing the entire family to a different company saves you money overall.
4. Never drink and Drive. The sixth factor that you can control is never drink while you are driving. This is a dangerous thing to do and it can drive you in a danger or accident. Besides that, driving under the influences of alcohol and drugs will changes the reality of your auto insurancerates for many years to come. The fact is that the drivers under the influence of drugs or alcohol cannot get the insurance from their major carriers. They will get the insurance from the secondary market companies with a high price for some years after the ticket. The other thing that you have to note is that the insurance company will not cover the damage if you make an accident while driving.