This is how new drivers can save a lot of money on car insurance!

This is how new drivers can save a lot of money on car insurance!

For many new drivers, owning their first car is a significant step towards independence. This conquest makes it possible to become independent of public transport and parents. However, owning a car also comes with responsibilities and financial obligations, especially when it comes to car insurance. Loud Motor newspaper New drivers are placed in a lower claims-free class, which is reflected in higher insurance costs. Statistics also show that young drivers are more likely to be involved in accidents, which further increases costs.

However, these high insurance costs are not immutable. The first step to lowering your premiums is to get car insurance quotes. Tools like car insurance calculators can help compare different rates and find the best option. In addition, there are ways to reduce costs, such as so-called accompanied driving from the age of 17, which often leads to better insurance conditions. Another savings option is to register the vehicle as a second car with your parents in order to benefit from their no-claims bonus.

Car insurance: mandatory and options

In Germany, motor vehicle liability insurance is required by law. In addition to this basic insurance, there are other options such as partial and fully comprehensive insurance. Partial comprehensive insurance covers additional damage such as theft or broken glass, while fully comprehensive insurance is particularly recommended for new or valuable vehicles as it also covers personal damage. The choice of vehicle also influences the insurance costs: Smaller cars are generally cheaper to insure. Another factor is the regional classes; Insurance costs are often higher in cities with high accident rates.

Those who park safely, for example in a garage, can also benefit from lower costs. A higher deductible can reduce monthly costs. Anyone who drives without an accident has the prospect of better no-claims classes and thus lower premiums. Additional services such as letters of protection or foreign damage protection are optional and should be considered individually. In general, novice drivers should check the costs carefully and use all opportunities to save.

Telematics tariffs and discounts

Loud ADAC Young drivers often pay high vehicle insurance premiums because, for statistical reasons, their high risk of accidents drives up premiums. However, telematics tariffs offer an opportunity to reduce costs. These plans reward safe driving and can provide savings of up to 30% of the annual premium. A telematics app for evaluating driving data is usually a prerequisite for these discounts.

In addition, young drivers can benefit from various discount options, for example by completing safety training or by regularly comparing insurance offers. Changes to the insurance contract, such as transferring no-claims classes, can also be beneficial. These transfers are also possible for relatives who no longer want to drive. A 25-year-old driver can take on a maximum of 7 SF classes if he has had a driving license for seven years.

In conclusion, informed young drivers can definitely save money on car insurance through various measures. A conscious approach to the available options is the key to affordable and suitable car insurance.