How to find cheap car insurance for new drivers
If you’re a new driver, you may have difficulty getting cheap car insurance. That’s because auto insurers view drivers without a recent driving history as riskier to insure. This group includes those with a new license, drivers with a lapse in car insurance, immigrants and visitors to the U.S.
To get the cheapest car insurance, you’ll want to shop around and compare policies from a variety of companies each year. If you live with your family, it may be cheapest to stay on their policy until your driving history is more robust.
How to get cheap car insurance
If you’re looking to save money with the cheapest possible car insurance, it’s essential to compare quotes from multiple insurers. You can use NerdWallet’s car insurance comparison tool to easily shop for cheap auto insurance online. You may find that you already have the most affordable insurance; but prices can change, so check roughly once a year.
These tips could help you get cheap auto insurance rates:
1.Ask for discounts.
There could be savings from car insurance discounts you’re not taking advantage of. For instance, maybe you now work from home and are driving less frequently than when you bought your policy. Mention that and you might get a low-mileage discount.
2. Rethink your deductible.
A higher collision and comprehensive deductible might make sense if you rarely drive or are comfortable with the financial risk. Raising your deductible means you’d owe more out of pocket if you had to file a comprehensive or collision claim. But it’s a surefire way to get cheaper car insurance.
3.Know when to cut coverage.
Don’t strip away coverage just for the sake of cheap auto insurance. But if you drive an older car, you can probably drop comprehensive and collision coverage. These coverage types pay out only up to your car’s current value, minus the deductible.
4.Cash in on major life changes.
Certain life events could translate to cheaper car insurance, so shop for quotes whenever something major changes in your life. For instance, many companies offer a lower rate for married couples or domestic partners. Or perhaps you moved to a suburb with lower accident and crime rates. Even if you moved to a more expensive area for car insurance, shopping around can help you get cheaper coverage.
5. Revisit quotes after your driving record improves.
Shop for cheap car insurance quotes online three to five years after any accidents, tickets or moving violations. They may have dropped off your driving record.
The type of car you drive also affects how much you pay for auto insurance. Check out NerdWallet’s analysis of the cheapest cars to insure to see if your vehicle made the list.
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