Insuring a car when you have student status is not necessarily a pleasure. Generally, you hold a fresh driver’s license and have the status of the young driver. It immediately gives cold sweat to many insurance companies who feel that you are three times more likely to have an accident than an experienced driver. Yet you must insure your vehicle, and there are insurers and tips to achieve it at a lower cost.
Which car contract to choose for a student?
To simplify your search, use an insurance comparator that will quickly give you the companies willing to cover your vehicle. Insurers offer “young student driver” contracts. They take into account your income, your age, your recent driving license, which penalizes the cost of the premium.
Third-party insurance for students
Alternatively, if your first car is a small used city car, you can opt for third party insurance. It covers you and your vehicle against any claims you may make. In the event of an accident for which you are responsible, your insurance takes care of the material damage and bodily injury caused to others.
If you have more means, you can extend your insurance to the third party by adding options such as driver’s warranty, broken glass, theft, fire or support at 0 km in case of failure. This will save you an exorbitant service charge if you have to tow your vehicle to a garage near your home.
Student Auto Insurance: be smart!
Anticipate the driving of your first car by choosing accompanied driving to get your driver’s license. Insurers will be grateful to you for considering that you have more driving experience and reduce your insurance premium by 30 to 50%.
If you live with your parents or drive your car occasionally, have them added as a second driver. When you purchase your first insurance as a primary driver, the company will take this into account and reduce the premium. The young driver status lasts 3 years after obtaining a driving license or if you can not justify an insurance contract of fewer than three years as a secondary driver.
Choose a small displacement car that will be cheaper to insure. Do not choose a car in models with a high risk of theft. Privilege second-hand models.