Monday, March 25, 2024
Menu

Take out car insurance: X tips to save money as a novice driver

Reading time 5 Min.

Recently updated on September 22, 2023 at 12:44 am

Take out car insurance: X tips to save money as a novice driver

[Display]

The driver's license is in your pocket, the new car has been bought, all that's missing now is the right car insurance, then you can finally get started. What sounds simple actually turns out to be one big cost trap out. Beginners in particular are faced with a major problem here, as they usually receive higher premiums.

Anyone who wants to save as much money as possible when taking out car insurance but doesn't know how is right here. We have four helpful tips and tricks for you to help you save money when choosing car insurance.

1. Weigh the scope of insurance

Take out car insurance: X tips to save money as a novice driver

The simplest trick, how you can quickly save a lot of money with a car insurance, is to choose the right insurance scope. A basic distinction is made between three standard car insurance policies:

  • Liability insurance: Liability insurance, as the name suggests, is a compulsory insurance for every car owner. This insurance is required by law and only covers the damage that the insured person causes in his own car to other vehicles and their owners. This insurance does not cover self-inflicted damage to your own car. This option is the cheapest of all three variants and is particularly suitable for older cars, the value of which is no longer as high.
  • Comprehensive insurance: Partial comprehensive insurance can be taken out in addition to liability insurance and, in addition to the scope of insurance, also includes damage caused by so-called force majeure. This refers, for example, to natural disasters or damage caused by wild animals. The exact scope of the partial comprehensive insurance varies depending on the provider and can be equipped with further add-ons such as insurance against vandalism or damage to parking spaces.
  • Fully comprehensive insurance: Fully comprehensive insurance is the most expensive of the insurance types listed here and includes all damage to the insured car. It does not matter whether this damage was caused by other road users or by the insured person. This comprehensive insurance protection is reflected in comparatively high premiums. Comprehensive insurance is particularly suitable for new cars or used cars, where possible damage could be very expensive.

In addition to these standard insurances, most providers offer other offers to expand your own insurance package. Before taking out insurance, you should therefore take a close look at the offer and consider which scope of insurance is useful for you. Keep your eyes open for the price-performance ratio, as the following infographic shows:

Take out car insurance: X tips to save money as a novice driver

2. Compare insurance providers

Not every insurance provider is the same, so you should definitely take out a car insurance policy Inform about the different service providers and their insurance offer. The various providers are often very different, especially when it comes to first-time registration for new drivers.

So it's best to inquire about which providers are available and what offers they have. Compare both the different prices and the respective ones Scope of insurance. Always pay attention to the price-performance ratio of the insurance. It is advisable to keep comparing offers even after taking out insurance and to change insurance if necessary.

3. Transfer non-damage class

One of the most popular tricks for saving money on car insurance is transferring the no-claims class. The no-claims class regulates the amount of the insurance premium and changes over the years depending on whether you have caused damage or not. The rule is: the lower the rating, the less you have to pay.

So if there happens to be someone in your relatives who wants to deregister his vehicle or has recently deregistered, it is possible to take over its classification. Of course, this only makes sense if you have a good rating, but can still save a lot of money. Because as a new driver's license, you are generally classified worse when you register for an insurance and you have to pay more.

Attention: It is not easy for every insurance provider to transfer the damage-free class. In addition, this option is usually only available within the family.

4. Use discounts

Take out car insurance: X tips to save money as a novice driver

Most insurance providers offer a wide range of discounts when they take out new insurance. So it is common to pay less if a family member is already insured with this provider. There are also many Loyalty discounts or Environmental bonusesthat can save you a certain percentage of the premium.

Another way to save money when registering the vehicle is the Registration as a second car. In contrast to the transfer of the damage-free class, the registration of a second car should work without any problems. To do this, the car can simply be registered as a second car for the parents with the same insurance company. This usually results in a special classification and therefore automatically cheaper premiums.

The choice of form of payment should not be underestimated. Most providers provide monthly, quarterly, semi-annual, or annual payments. In most cases, one annual payment is the cheapest alternative.

Furthermore, when taking out insurance, discounts are often offered at other institutions such as certain workshops or local public transport. A comparison of the different providers and their promotions is definitely worthwhile here too!

Take out car insurance: X tips to save money as a novice driver
Concept for car insurance and finance.

We have published countless more tuning reports on tuningblog.eu. If you wanted to see an excerpt then just click HERE, And also interesting products around the topic Cars and Car tuning are online. We have included an extract from the last ones for you:

Android Auto or Android Automotive? The differences!

Take out car insurance: X tips to save money as a novice driver

Freestyle or mandatory? H&R coilover and sport stabilizers for Hyundai I30N

Take out car insurance: X tips to save money as a novice driver

Are you still whispering or are you already roaring? - the Panthera Leo Active Sound Generator.

Take out car insurance: X tips to save money as a novice driver

Formula 1 season 2020 - who will be world champion?

Take out car insurance: X tips to save money as a novice driver

Need for Speed ​​Heat - A must for virtual racing and tuning fans?

Take out car insurance: X tips to save money as a novice driver

The most popular Formula 1 sports betting at a glance

Take out car insurance: X tips to save money as a novice driver

"Tuningblog.eu" - we keep you up to date on the subject of car tuning and car styling with our tuning magazine and we present you the latest tuned vehicles from all over the world every day. It's best to subscribe to ours Feed and will automatically be informed as soon as there is something new about this post, and of course also to all other contributions.

About Thomas Wachsmuth

Thomas Wachsmuth - He has been an integral part of tuningblog.eu since 2013. His passion for cars is so intense that he invests every available penny in them. While he dreams of a BMW E31 850CSI and a Hennessey 6x6 Ford F-150, he currently drives a rather inconspicuous BMW 540i (G31/LCI). His collection of books, magazines and brochures on the subject of car tuning has now reached such proportions that he himself has become a walking reference work for the tuning scene.  More about Thomas

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked