A lot of young people struggle with the cost of insurance. It can be quite tricky. When you are young, you do not tend to earn as much money. However, to make matters worse, car insurance tends to be more expensive when we are young. But what can you do when you need to take out your own insurance plan? It is a catch 22, isn’t it? Nevertheless, the good news is that there are some different options to look into, and we will explain them in more detail below.
Consider a Black Box Insurance Policy
The first suggestion that we have for you is to take out a black box insurance plan. This will involve a black box being attached to your vehicle to monitor your driving. A lot of people do not like the thought of this, but you can save hundreds of dollars per year by going down this route.
Black box policies are not as strict as some people expect. You won’t find yourself facing high penalties whenever you make a small driving error. Plus, having a black box installed can actually result in you becoming a more responsible driver.
Find Out Whether You Can Go On Your Parent’s Car Insurance
This little trick can sometimes work! If you go on your parent’s insurance, rather than taking out your own plan, this will be cheaper, and you will still be covered.
However, there are different rules and regulations regarding this depending on the insurance company you choose and the state you are based in, so do keep this in mind.
Can you be on your parent’s car insurance if you don’t live with them? There are some difficulties here. If you are married and live elsewhere, you will need to take out your own insurance plan, so do keep this in mind.
Look For Other Ways to Save Money on Your Car
Aside from the points that we have mentioned above, it is a good idea to look for other ways to save money on your vehicle so that you can put this money toward your car insurance. For example, sourcing your fuel from an affordable and reliable supplier is one of the best ways to save money. After all, we know that fuel prices are rising all of the time, so keeping this under control is imperative if you are to reduce your expenses and ensure your money goes a lot further. Companies like Tri Gas & Oil have been established to help people with their home, business, and vehicle needs, so this is one avenue you can look into. Aside from this, if you are yet to purchase a car yet, make sure you carefully consider the make and model you go for. A lot of people do not realize it but the car you choose will impact your insurance quote, so it really all matters when it comes to keeping your car’s running costs as low as possible.
Make Your Application 28 Days Before You Need Insurance
This is another little trick that we need to enlighten you on when it comes to getting the lowest possible insurance quote for your vehicle. When taking out insurance, a lot of people will wait to look for a quote until the very last moment. They will simply take out a plan the day before they actually need it. However, if you do this, you are never going to get the best quote. This is because the providers know that you are in a rush and that you need an insurance plan. You do not have time on your hand to make a decision, and so you will typically end up being met with higher quotes at this point. However, if you look for insurance four weeks earlier, this is when you are going to get the best rates. Providers will present you with much more competitive offers because they want to try and win your service. They know you have time on your hands and you are going to be presented with a lot of other offers, and so they will do everything they can to make sure that you choose their plan over the others that are available.
Pay Yearly Rather Than Monthly
In addition to the suggestions that we have mentioned so far, we also recommend that you pay for your insurance plan per year if you are able to. This is because insurance companies will reserve special deals for people who pay annually rather than monthly. This can save you quite a chunk of money every year. Plus, by paying yearly, you get your payment out of the way, so it can be quite reassuring to know that this has been handled for the year and so you do not have anything to worry about on the payment front.
Make Some Changes That Will Help You Lower Your Quotes
Our third piece of advice is to consider making some changes that can lower your car insurance premiums. For example, you need to think about how secure your vehicle is and whether there is anything you can do about that.
For example, storing your car in a secure garage will have a much better impact as opposed to merely parking your car on the street at night. There are a lot of things that make a difference when it comes to car insurance, so it is important to keep all of this in mind.
Final Words on Finding Car Insurance When You Are Young
So there you have it: three of the different steps you can take if you are young and you are struggling with the cost of car insurance. Whether you take out a black box policy or you make some changes to improve the security of your vehicle, you should be able to make your money go further by adhering to the tips and suggestions that we have mentioned above.
If you stay out of trouble and avoid claiming on your insurance, you should notice that your quotes decrease with every year that goes by.