Shop around for your insurance

If you are young you should always shop around for your motor insurance cover, sensible no matter what age you are. Whether you’re a student, in your first job, or starting a young family it is pretty much guaranteed that if you are in your twenties and you will find most car insurers will hike up your premium because of your age. It doesn’t matter whether you have a no claims bonus, or if you’ve been in a few accidents, the majority of insurers will make anyone in their twenties pay over the odds for their insurance. 

There are many insurers that will offer cover to the younger driver at competitive rates, but you must be prepared to accept that the premium will be higher than that paid by your parents. It clearly pays to look around for the best deal, because the insurance premium will possible be around 50% of your annual motoring costs, this compares with of around just 6% for an older an experienced driver. One way to reduce your motor insurance premium is to accept a relatively high excess in the event of an accident, but do not forget this must be paid irrespective of the circumstances of the accident. It pays to shop around either by telephone or internet, so go for it!

Published by admin on September 6th, 2008 in Car Insurance, General