Unfortunately, youth is not on your side when it comes to buying car insurance. Even if you consider yourself to be a responsible driver, insurance companies will lump you in with all the other young drivers out there.<\/p>
As younger drivers are statistically more likely to be involved in a collision, this means your insurance costs will be higher. However, there are ways to slash costs and find the level of cover you need.<\/p>
There’s no simple answer to this question. Historically, third party insurance has been the cheapest type of car insurance<\/a> on offer, which makes sense as it offers the least amount of protection.<\/p> While third party<\/a> will cover you for any damage you do to someone else’s vehicle or property, you won’t get a single penny in financial help if your car needs any repairs.<\/p> However you shouldn’t assume third party is the cheapest \u2013 sometimes it isn’t. Insurers have cottoned onto the fact that high-risk, young and inexperienced drivers are the most likely to take out this level of cover, so prices are sometimes more expensive.<\/p> It’s worth getting quotes for the other two types of policies out there too. You might well get lower premiums with a third party, fire and theft<\/a> deal or a comprehensive insurance policy<\/a>.<\/p> The main reason you might buy the cheapest car insurance policy available is if it’s the only one you can afford to buy. Yet, there are other reasons.<\/p> If your car is a bit of an old banger and not worth very much, you might decide paying for a comprehensive policy is money down the drain. Although, as discussed above, comprehensive deals aren’t always more expensive.<\/p> Likewise, if you only use your car occasionally, for example if you only take it for a spin on weekends, you might decide third party offers enough protection.<\/p> Of course, anyone with a new or expensive car will most likely want to get a comprehensive policy that will cover them for any damage or theft.<\/p> The following are some of the factors that can make car insurance more expensive for one person than another:<\/p> So one way to lower your car insurance rates is to only buy the cover you need. If you don’t need a comprehensive deal, then opt for a third party option instead. Here are some other ways to lower your insurance premiums:<\/p>When does it makes sense to buy the cheapest car insurance?<\/h3>
What affects the cost of car insurance?<\/h3>
How can I lower my car insurance rates?<\/h3>
Frequently asked questions<\/h3>
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