A first-time driver is most likely to pay more for insurance compared to experienced drivers. This can be attributed to the fact that most insurance companies view new drivers to be more of a risk. Rather than watching as they put their business in jeopardy, they find it way better to impose higher insurance premiums.
That’s not to mean you can never save on your auto insurance policy as a new driver. Now more than ever, there are numerous ways to enjoy money-saving benefits on your auto insurance policy without feeling the heat. Aside from getting and comparing multiple car insurance quotes, you can also leverage discounts for new drivers. Below are some of the popular ones;
Multi-Policy Discounts
You can take advantage of a multi-policy discount by carrying multiple policies with one insurance provider. Common policy combinations are home-and-auto or renters-and-auto. The good things about these discounts are that they may be applied to both policies. However, always keep in mind the discount you receive may vary depending on your coverage combination.
Defensive Driving Discount
This discount for new drivers is all about taking a defensive driving course and presenting your insurance agency with proof in the form of a transcript of receipt. The idea behind defensive driving discount is clear: the classes make you a safer driver, which makes you less risky and cheaper to insure.
Equipment Discount
If your vehicle comes fully fitted with an anti-theft device, your insurance company may offer a discount. The discount tends to be lower than a multi-policy or defensive driver bonus, but every little bit helps in your money-saving expedition. The good news is, anti-theft devices are commonly built into modern cars. But always ensure any security devices are taken into account when getting and comparing car insurance quotes.
The above discounts will always come in handy for new drivers while buying an insurance policy. Of course, there are many more other discounts that can serve you perfectly. However, you need to check if you’re eligible for the new driver discount before taking the next step of action.