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Cheap car insurance new drivers

Car insurance can be expensive especially for new drivers; follow these 5 tips to reduce your premium.

5 ways to keep your annual insurance cost down

1) Try to build up your no claims bonus

With every year that goes by without a claim you are significantly lowering your insurance premium. This is a really important point to remember if you one day have a very small accident, i.e. hitting a lamp post and you think it may be worth claming in the insurance for the repairs. Firstly there is going to be an excess to think of, but also if you lose for example your three year no claims bonus, you will be paying a great deal more on your insurance for the following three years at least.

2) Compare insurance quotes every year

Make sure you visit insurance comparison sites everytime your insurance is up for renewal because companies will change the way they quote for insurance policies constantly, so just because your current insurer was cheaper last year does not mean it will be the best this year.

3) If possible pay for your policy in one go

Insurance companies may charge you interest if you opt for paying with monthly installments rather than paying the whole lump upfront. If you cannot afford this option maybe look at getting a zero percent interest credit card and just make the payments to that card each month instead.

4) Choose a high excess amount

If you choose a high excess amount your insurance will drop quite dramatically for the obvious reason that if your excess amount is for example £500, you are less likely to claim on it for minor accidents.

5) Pass plus test

If you are a young driver then take your pass plus test. Insurance for young drivers is usually expensive due to high risk of accidents for new drivers. By taking a pass plus test you are showing the insurance company that you have had a higher degree of training and are therefore less risky for them to insure.