Car insurance: Capitalizing on a sterling record
Additionally, consecutive years of an unblemished driving record can significantly reduce the impact on your premiums should an accident eventually occur.
Other factors that play a role in reducing automobile insurance premiums include:
• Installing an anti-theft device
• Insuring multiple vehicles under the same contract
• Exploring possible rebates based on your occupation
Young drivers under the age of 25 are at a bit of a disadvantage when it comes to insurance premiums, but ensuring that you maintain a good driving record in the early years will go a long way to eventually reducing your premiums.
Another important factor for young drivers to consider is the model of car that they choose.
While the thought of hitting the streets in a sleek sports model is tempting, it’s also a fast-track to revving the engine of your insurance premiums, not to mention speeding tickets.
For drivers under the age of 25, opting for a more family-oriented model of car can significantly reduce your insurance premiums until such a time as you can prove your good driving record.
Edited on 17 August 2017