Sure Fire Methods to Get Affordable Teen Car Insur

Author: Andrea Simpsonbr
Source: articledashboard.combr
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When young adults leave university they have aspirations of starting their first real world job, getting their own place and buying a new car – one that does not need a screwdriver to start. However, university students are also graduating with much more than just a university degree and a dream, they are graduating with a substantial amount of debt. In fact, many students graduate with an average of ?3,000 in credit card debt – 10 percent of that group owing more than ?7,500 in credit card charges.

Students forget to factor in other life costs, such as health care, income taxes, car payments, car insurance, rent, utility bills, student loans, credit card bills and food expenses into their monthly budget. After you graduate and land your first job, you do not think about having to pay for all of these expenses, stated a graduate from Oxford University. Unfortunately, reality sets in pretty fast and you realise you do not have the money to make ends meet – it is a hard lesson to learn!

bUniversity Debt/b
Why is there so much credit card debt among university students? Many credit card companies set up kiosks on university campuses offering free gifts to try and entice students to sign up for a credit card. The problem is many university students do not have the income or financial knowledge to manage a credit card – a problem that is leading students into a lifetime of financial despair.
In addition to the outrageous credit card bills, students are also graduating with student loans ranging from ?10,000 to ?30,000 or more. Often students figure they will be able to pay everything off once they get a job and start making real money, but that simply is not the case.
Not only are credit cards and student loan bills financially crippling to many new graduates, it is also forcing graduates to cut back on other necessary expenses, such as car insurance – one bill you legally cannot drive without! Driving without car insurance is illegal in the UK, however, many young adults elect to go without car insurance because they think they cannot afford to have it.
While deciding not to pay for car insurance may seem like a good idea at the time, graduates are not considering the expense of getting caught without car insurance or the cost of getting into an car accident.

bThe Penalty of Driving Without Car Insurance/b
According to the Insurance Information Institute, the cost of driving without car insurance can vary. For instance you could get off with a small fine of a few ?100 pounds or you could get a much more sizeable fine over ?1,000 plus points on your licence. In the long run you could end up owing a lot more so it makes sense not to take any chance ir-regardless of how much your insurance will cost initially.

bHow to Budget For Car Insurance/b
As you look for car insurance, make sure to check if each insurer offers a 6-month or 12-month payment plan to help manage your insurance payments better. In addition, many car insurance providers offer a variety of discounts, for example if you are female or if you have had a few years no claims while driving on your parents insurance.

bConclusion/b
It just doesnt make sense to hold back paying for car insurance. Not only can it cost you financially and leave you deeper in debt but you could also injure someone while un-insured and think of how you would feel with that hanging over your head.
As the great Nike says Just do it!./pbr
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Author: Duncan Hallbr
Source: downloadbr
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Female car insurance is already considered to be slightly cheaper than it is for male drivers, but there are still ways to reduce your premiums even further.

When applying for car insurance, the details you supply are used to calculate the likelihood that you will need to make a claim against your policy. If you are deemed to be very likely to make a claim, your car insurance will be expensive. If your details suggest that you are unlikely to make a claim, your policy will be cheaper.

The following are examples of some of the factors used to assess your risk when applying for female car insurance:

Date of Birth:

Statistics show that younger drivers are more likely to make a claim than older drivers. Therefore, younger female drivers will pay more for their car insurance than older female drivers. This is obviously an obstacle that is hard to avoid if you are a young girl insuring her first car. However, to reduce the impact as much as possible, try and get some experience on the road in your parents car before purchasing your own.
However, avoid falling into the trap of remaining under your parents insurance policy for too long, as the sooner you have your own policy, the sooner you can build up your own No Claims Bonus, and your insurance will be cheaper within a year.

Post Code:

Your post code is used by the insurer to determine several factors of the area you live in. Females living in an area with a high crime-rate will have a higher premium because there is an increased risk of them making a claim. Similarly, traffic density of the area is also considered, and a higher density means a higher perceived risk.
Again, these are factors that you can do little about, but there are still ways of reducing their impact.
Storing your car in a garage for example can help considerably against thieves, and drivers who may only use their car a few times a week pose less risk of being involved in an accident.

Security:

As mentioned above, female drivers who keep their car in a locked garage will benefit from a lower premium. If this is not possible, a driveway is preferable to simply parking it on the road.
Items such as steering wheel locks and alarms are unlikely to make a noticeable difference to your premium, but a thatcham approved immobiliser can help quite a lot. Ensure to have it fitted by an approved mechanic and make sure you keep a copy of the installation certificate.

Start Date of Cover:
Insurance rates vary monthly with most insurers, and a company offering the best price for female car insurance one month, may not be able to offer such a good deal the next. For this reason it is best to use a service such as My Motor Quote who can search through many different insurers all at once.

Previous Claims:

Female drivers with previous claims represent a higher risk than those without any claims. The more claims a driver has, the higher her premium will be. For this reason and to prevent affecting your No Claims Bonus, drivers should avoid making claims where possible.

Excess:

The excess is the amount YOU will pay when making a claim against your policy. For example, a female driver involved in an accident has an excess of ?200. If the damage to her car is worth ?500, she will pay ?200 and her insurance company will pay ?300. Voluntarily increasing your excess can help reduce your premium, but you must be able to pay the excess in the event you need to make a claim.

Also note that if you had a fairly high excess of ?300, and you made a claim of ?250, you would be liable to pay for all of it, and the claim would still be noted down against you.
The best place to find cheap deals for Female Car Insurance is undoubtedly on the internet. Broker websites can be search through nearly all the insurance companies at once, giving you the best pick of the bunch.

See My Motor Quote for more information on car insurance in general.br
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