When it comes to insuring first time or young drivers, or insuring high performance sports cars or imported cars, you are often going to be charged a premium. This is particularly true if you get your insurance through one of the bigger named companies. But the fact of the matter is, you don’t have to pay out the nose for auto insurance – no matter what. With all the competition in the marketplace, combined with an ailing and unstable economy, auto insurance companies are regularly lowering their rates to keep up with the competition and also to try to gain new clients.
But what do you do when you are looking for the cheapest car insurance for young drivers, or worse yet, cheap high performance car insurance.
The answer is simple, hit the internet.
It is not commonly known, but a good number of us overpay for our auto insurance as it stands. Now, there are a good number of reputable sites that allow you to compare rates for car insurance amongst a number of different providers – both big names and lesser known, but still high quality companies. So when you want the cheapest first car insurance guaranteed, or need cheap import car insurance, this is the path you need to follow to make sure you get the best deal possible.
In just a few short minutes, you can compare auto insurance rates across a huge number of different companies and quickly see the amount you could be saving annually on your auto insurance. When you need the cheapest first car insurance guaranteed – this is how you find it. And whether you need the cheapest car insurance for young drivers, cheap high performance car insurance, or cheap import car insurance, check out these valuable, easy to use, money saving tools and make the switch today that could save you hundreds of dollars a year on your insurance premiums.
Many insurance companies make a lot of money on consumers each year. Just saving an extra premium cost each month can help with groceries, your car payment, house payment, and even just getting odds and ends for your home.
With the economy they way it is, it is very important to save in as many areas as we possible can. This way you can enjoy less stress and more time enjoying life! Life is really meant to be enjoyed and not spent working overtime to pay for auto insurance!
Quick Ways to Find the Cheapest Car Insurance For Young Drivers
Car Insurance – The Facts
The amount of cars on the road and their models and manufacturers are too big to include in a small article like this. However, the best place we have found to look for this information is the internet. Online you can find a very large number of cars with their important statistics and car insurance groups information.
The most comprehensive compilation of car Insurance
Car insurance grouping is provided by the Association of British Insurers (ABI). If your car is older and is not covered in the What Car database, chances are that you will find it here in the ABI database. The ABI web page has a searchable database facility.
Click ‘search group rating database’ to open the search page. Here you can give the name or model of the car (if it returns zero searches, it means you haven’t given the name correctly. In that case, just put in the car make or the model. If it returns too many results (as it probably will) you can refine your search by giving more characteristics of your car such as the number of doors, fuel and gearbox type etc.
Foreign & Imported Cars.
These are cars that come in from different countries. Not all companies deal with such cars but the ones that do are usually pricey, primarily because of limited and expensive spare parts.
To insure an imported car it has to be re-registered in the UK. And ironically, to re-register, it has to be insured. Basically most of the local brokers in town can insure imported cars so you can always get a temporary insurance for a month or two, get it re-registered in the UK and then shop around for better car insurance deals.
Mileage
This is again one of the most important factors affecting the premium of car insurance.
The majority of the insurance customers would not know how many miles they would do in a year, which is understandable because some days you might do 10 miles, on other days 20 or it may even be a case of not driving at all. The insurance agents or advisors can not lead you on this question according to the rules of the F5A. 50 the best thing would be to do your own calculations before hand.
If you do major travelling on weekdays, to and from work for instance, then you can multiply this figures with 5 working days for a week and around 22 working days a month. You may wish to add another percentage to the overall travelling, say 20%, for the occasional or holiday travelling.
For example, Mr Jones commutes every night to work because the roads are clearer than during the days it takes him 20 minutes to get there (that is around 20miles). He also goes shopping to town at the weekends which takes him approx 10 minutes from home (around 10 miles).
So he thinks he does 40 miles to work and back 5 days a week (40 *5 = 200) plus 20 miles to town and back over the weekends. So he actually does 220 miles a week, he multiplies that by 52 weeks in a year and that gives him 11440 miles a year. Last time while obtaining the insurance, he was asked this question by the insurance company and he had said the average mileage was around 20,000. However, upon his renewal, he did the calculations first and resultantly saved around £70.
Read more about how to save on Car Insurance at: Tesco Car Insurance