On the other hand, a 12-month policy may offer the cheapest car insurance for some, as it avoids the risk of premiums rising twice a year. However, you should keep in mind that not everyone qualifies for a 12-month policy. Even among companies that offer both conditions, some airlines use 12-month terms as default, but offer six-month terms to drivers with a poor driving record or poor credit. We recognize Geico as one of the best insurance providers overall because of its wide range of coverage options and discounts.
Geico offers a good student discount of up to 15%. And if you have multiple vehicles in your policy, you can save up to 25%. Geico also has a positive reputation for customer service and strong business practices, and earned an A+ rating from the Better Business Bureau (BBB). Combining policies, such as homeowners insurance, with your car coverage can lower your premium, so check if your insurer offers a discount for multiple policies.
Here are 7 simple steps to start increasing your credit to get lower rates on your car insurance. As a new driver, there are several factors that can affect the specific auto insurance rate you'll pay, such as your location, vehicle, driving history, and credit history. The Guides Auto team will give you an overview of what new drivers can expect to pay for car insurance, who qualifies as a new driver and what factors influence the price of an insurance policy. Generally, the best way for young drivers to get cheap car insurance is to stick with their parents' policies.
Because car insurance costs vary from person to person, there are tips for new drivers that are specific to each of these groups. However, there are ways to keep car insurance costs low by comparing car insurance companies and looking for the right discounts. A number of car insurance companies offer discounts for young drivers and students, but you can also save money through other means. By linking the monthly bill to real driving time and good driving habits, usage-based insurance policies often end up costing customers less than traditional car insurance, according to the National Association of Insurance Commissioners.
If you want to protect yourself and your passengers, you can consider buying an auto insurance policy with full coverage, which includes liability, collision and comprehensive coverage. Each state sets its own minimum car insurance requirements, and car insurance for new drivers will look the same as any other driver's policy. A six-month auto insurance policy simply means that your policy is effective and is priced for six months before it is renewed.