Tag: young drivers

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Car Insurance

Tips and tricks towards cheaper car insurance

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Cars can be expensive to buy and maintain, with insurance in some cases almost costing as much as the car itself! At Compare Insurance, we have compiled our expertise to create this small blog post to share our tips towards cheap car insurance for young drivers.

Consider the type of car you are buying:

It is easy when buying a car to become too invested in its appearance. But we urge you to put your practical head on and consider the type of car you are thinking about buying. Rather than something flashy, it may be worth considering smaller models, such as a Mitsubishi Pajero, if this car is still compatible with your daily needs.

Ensure that your driving record is as clean as possible:

Throughout your driving life, accidents will happen. Yet, it is worth bearing in mind that the safer you drive, the lower the potential is for insurance costs to tot up due to a busy driving record. Issues such as speeding or several parking fines can contribute to your record, and ultimately drive up insurance premiums. Therefore, it is crucial to ensure that your driving record is as clean as possible.

Use comparison websites:

Sometimes, to find the best deal you have to shop around. By using insurance comparison websites, it becomes much easier to find the best deal and discounts available to you. This is so you can tailor the experience to your exact needs for an accurate quote.

Install safety technology:

This can be anything from a black box to record your speed, or a dashcam camera to film accidents. By installing pieces of safety technology, you can reduce your insurance costs. It allows the insurance company to have more faith in how your drive, driving down your premiums. These gadgets are handy to have on the car if you do come into some trouble which was not your fault. They can act as evidence to the insurance company that the accident was not your fault, leading to faster cash payouts.

For more information surrounding cheaper car insurance, contact our friendly and professional team at Compare Insurance today.

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Categories
Car Insurance

What factors can affect your car insurance premium?

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The cost of vehicle insurance is calculated using a range of factors relating to your demographics, policy details and driving history. Let’s take a closer look at some of the variables impacting your car insurance quotes below.

Age and gender

According to figures released by the Ministry of Interior (MOI) in 2019, 45 per cent of all road accidents in the UAE are caused by young drivers. Statistically, male teens have more car accidents than their young female drivers, resulting in young men incurring higher insurance rates. However, discounted rates are usually available for certain age groups, with many companies dropping their premiums by as much as 20% when drivers turn 25.

Typically, those between the ages of 30 and 69 are considered less likely to crash, therefore representing a lower risk to insurers. However, elderly drivers pose a similar risk to teens, which is reflected in the insurance rates for individuals in their 70s. Older men are also more likely to incur higher premiums compared to elderly women.

Location

Insurers typically start by asking where you live. If you live in a highly-populated area, you are considered more likely to make an insurance claim due to the increased risk of getting into a car accident. Not all companies will use your location as a deciding factor, but if they do, they may take into account the number of vandalism cases in your area, the number of fraudulent claims made and the likelihood of damaging weather.

Driving record

The amount you’re required to pay will directly correlate with your driving history, including all claims, accidents, convictions and tickets. If you have previous claims on your record, you’re considered more likely to make another claim, although these will become less important over time if you avoid getting any further tickets and accumulate a few years on your no claims bonus.

Annual mileage

The less you drive, the less risk you have of being in an accident, so it’s important that you do your best to estimate how many miles you drive each year. If you’re expecting the number of miles you drive to go down, let your insurance company know – this could save you a lot of money.

To find out more about the factors impacting your insurance quotes, contact us at Compare Car Insurance today.

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Categories
Car Insurance

Why it’s important young drivers find cheap car insurance

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It’s always handy to secure cheap car insurance. However, there are additional benefits for those who are young drivers. This includes those who might have only just learned to drive and are looking to get out on the road for the first time. In particular, many teenagers would fall into this category. Let’s look at why it’s so important for young drivers to find cheap car insurance.

Staying responsible

Sadly, expensive car insurance only increases the likelihood that young drivers might neglect their responsibilities as a car driver. After forking out so much on the insurance, modifications – such as having the car serviced and keeping in a good condition – might fall on the backburner. This is a terrible habit for young drivers to fall into, especially since it risks the safety of other road-users – not to mention their own safety too! Meanwhile, cheap car insurance allows them the ability to stay responsible and keep their car in great condition.

Gaining experience

Car insurance is the first hurdle that young drivers have to jump before getting onto the open road. Therefore, it doesn’t bode well if they end up paying an unnecessarily extortionate amount. The cost might reduce their ability to be able to run the car because they can’t afford fuel. In the long-term, this means that they aren’t able to get the continued experience that will make them better drivers and less likely to be in an accident.

Financial stability

More expensive car insurance providers won’t just leave young drivers with a hole in their bank accounts but also risk thrusting them into a position of financial instability. Of course, this comes at a time in their lives when a lack of money might be particularly restrictive for their future – including taking certain jobs and pursuing educational opportunities. Of course, these are unnecessary sacrifices to make when you consider that it is possible to obtain cheap car insurance.

What can you do?

The most effective way to secure cheap car insurance is by using Compare Insurance. This service can benefit all road-users – from more experienced drivers to those new to life behind the wheel. Check out our site for more information.

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