How Young & New Drivers Can Reduce Their Car Insurance Premium

• Take the Pass Plus Driving Exam -The pass plus examination is for new and young car drivers. It is an intensive training course that helps new drivers become a better drivers. Pass the pass plus and you will get a discount of up 35% on your car insurance. Taking the Pass Plus will cost around 100 but given the high cost of new drivers car insurance you should save more than this on your Car Insurance premium. Ask your driving instructor for details.
  
  

• Pay a Higher Excess - Insurers will insist on a minimum amount that you have to contribute to any car insurance claim. The standard amount is 100. As new and young drivers if you volunteer a higher amount you could save on your car insurance premium.
  
  

• Pay Your Car Insurance Premium in One Go - It is often cheaper to pay your years car insurance in one lump sum rather than in monthly installments. Most car insurance companies charge interest of around 15% APR (some up to 30%) to allow you to pay your premium in monthly installments.
  
  

• Named Drivers - Adding a named older driver to your car insurance policy, i.e. your parents, can save you 10% on your insurance premium. Likewise, avoid having younger named drivers on your policy.
  
  

• Car Security - Beef up your car security. Thatcham approved car alarms are recognized by all insurers and most will discount your premium if you have these fitted. If you have a garage then use it. Your car is less likely to be stolen from your garage or from your drive than if it is parked in the street. Insurance companies will recognize this and offer cheaper premiums.
  
  

• Buy Your Car Insurance Policy Online - Most car insurance companies offer a discount if you buy online via their web site.
  
  

• Be Born Female - Female car insurance is cheaper. Why? Because the average female is a safer driver than the average male. Result, cheaper car insurance for the ladies.

• Shop Around - According to the Association of British Insurers it is possible to save 35% on a car insurance premium by simply comparing several insurance companies against each other. As young drivers such a discount can be considerable. So get as many Insurance qutoes, online or otherwise, as you can. It will save you money.

Article submitted Monday, September 08, 2008
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