We are going to explain how to get a cheap car insurance when it is the first time we buy a car or when we start driving a family car. How much can we get our first car insurance? We are going to see some of the keys to get an interesting policy, even if you are a novice or young driver.
Discounts for cheaper car insurance
We always explain to our clients that, unlike other types of insurance, there are two ways to improve the price of an auto insurance policy:
- The commercial discount: as in any other insurance, this is the discount that each company allows us to apply (in some cases it is 20%, in others 30%,…).
- Good claims bonus: this is the most important, as it can cut the price by up to 55%.
Thanks to these two concepts we could get an All Risks, even at 300 € in the best case.
How much does youth car insurance cost?
Many times we get our car license at the age of 18 and we find a small problem: the high cost of our insurance. The price of taking out car insurance for the first time for a novice driver, especially when you are under 25 years old, is usually much less expensive than in other circumstances. Therefore, insuring the car without current insurance can be less economical than when your license is not new and you have years of experience with a good accident rate.
The range of young drivers usually goes from 18 to 25 years old, and can reach up to 30. These people have a special treatment, since it is understood that they have less experience (although there is more and more, for example, in young people who obtained their license at 18 and at 23 have more than 5 years behind the wheel).
What do I do if I have never been insured?
If you have just got your license, to be able to take a car you will need to be in the insurance as at least an occasional or secondary driver. The same if you are under 25-26 years old (in some companies even 30).
This is what companies call “recharged driver” in car insurance.
It is more complicated for those who do not get into their father/mother’s car insurance, but directly buy a car and need a first cheap insurance already as a “policyholder”, without being able to collect a bonus from any previous policy.
These are the available options:
1. Find companies that give us the maximum bonus
There are insurance companies that, despite not having previous insurance, will give us a very good bonus.
There are only a few, but we are lucky enough to work with some of them. So if you are in this situation, contact us and we will find a way to give you a solution that fits your needs and you can get a cheaper first car insurance.
2. Collect a family member’s car insurance bonus
Some companies also allow us to incorporate a family member’s bonus in our policy.
This means that person is listed on the policy, and you are listed as the driver and owner.
As we can see, there are formulas through which we can get a competitive price on our car insurance for individuals. However, as we always say, we must check the insurance coverage to avoid surprises if the car leaves us stranded or we have a problem.
In this video we explain the tricks to save up to 60% on car insurance:
