Buying your first car is a special moment in your life, a milestone you will always remember. Why ? Buying your first car is always a special milestone in someone’s life. Why? Because wheels mean freedom! You’ll now be able to easily visit your friends, go on a ski trip, see a show in another town, or do a road trip, all on your own, without the help of your parents! In order to help you to safely get the most out of this new experience, Assurances Multi-Risques offers a few tips on how to best subscribe to your first car insurance contract.
Where can I buy my first-time car insurance policy?
There are many ways to go about this. You can take things into your own hands and contact several insurance companies by phone or on line, or you can contact an independent insurance broker who will do all the work for you. Moreover, not only will the broker help you to find the right car insurance package – down to the smallest details – he will also advise you on the steps to follow to make your first insurance transaction a success.
Reducing your car insurance premium: A few tips
It’s a well-known fact that car insurance is expensive for young drivers. Moreover, some factors on which you have no control such as your sex and age can also contribute to drive up the cost even more. Here a few pointers on how to reduce you premium in as much as possible:
- Find an independent insurance broker who deals with several insurance companies. To make the right choice, ask him or her which insurance companies he deals with;
- Check the prices for several makes of car since insurance prices can vary quite a bit from one car model to another ;
- Check whether telematics could be a useful tool for you. To find out if this application is right for you, we recommend reading our previous article on the subject and seeking advice from your insurance broker.
- Increase your deductibles, or at least evaluate the most cost-effective option for you and make sure you are comfortable with the amount you agree to pay in the event of a claim.
- Consider replacement insurance rather than replacement value, as it can be a great option. To learn more about this product, we invite you to read our previous article on the subject .
In short, you probably won’t be as excited about buying your first insurance policy as you were about buying your first car… You won’t be bragging to your friends after signing your contract! But this step is essential for hitting the road. So don’t neglect it if you want to protect your vehicle properly. To save time while ensuring you have the best possible protection, work with an independent insurance broker who specializes in auto insurance for young drivers.