Here’s what new drivers need to know about getting car insurance.
While auto insurance in Astoria, New York might not be the first thing that new drivers think about before hitting the road, it’s important to have the protections that only car insurance can provide. Here’s what you need to know about getting insurance for first-time drivers.
New Versus Existing Policy
The major decision that you will have to make regarding insurance for a new driver is whether to get a brand-new policy or simply add the driver to an existing policy. While getting a brand-new policy might make sense under certain circumstance, it is generally easier and cheaper to simply add a new driver to an existing auto policy.
Benefits of Being Added to an Existing Policy
Because first-time drivers do not have an existing insurance or driving record, most insurance companies consider them high-risk to insure. This, in turn, means that most new drivers are forced to pay higher insurance rates than more established drivers. However, when a new driver is added to an existing policy, they will have access to the lower insurance rates that the more experienced driver pays. Additionally, when new driver attempts to get their own policy, many insurance companies will require them to pay a down payment for a whole month of coverage. However, when a new driver is added to an existing policy, the down payment is much less or, in some cases, non-existent.
Tips for Getting a Brand-New Policy
As previously mentioned, some new drivers do not have the option of being added to an existing policy. In this case, they will have to get their own policy. If you are attempting to get a brand-new policy, then it’s important to shop around to find the best rates. Additionally, you should do research to ensure that you are taking advantage of all the discounts available to you. Finally, once you have maintained coverage for six months, you should review your policy and see if you have the possibility of accessing cheaper rates.
Here’s what you need to know about getting insurance for a first-time driver. Do you have additional questions about your auto insurance in Astoria, New York? Then don’t hesitate to contact the professionals at 01 Insurance. We are ready to assist you with all your coverage needs.