Auto insurance rates are on an upward trend which has a direct impact on the general household budget. They cover material damage and/or bodily injury that your vehicle may cause to others. With this in mind, here are the smart tips that will allow you to amortize your car insurance.
Gathering years of driving experience as a young driver
Because of the higher risk of accidents, car insurance dedicated to young drivers is exorbitant. However, the cost goes down with years of loss-free driving experience. In this case, it is essential to be covered by an insurance contract as soon as you obtain your licence, even if you drive occasionally.
Being included in the parents’ contract as an occasional driver makes it possible to obtain claims certificates. These are useful for the young driver to take out insurance. In addition, this approach increases the parents’ premium by 10% and thus saves more than €300 after 5 years of claim-free certification.
Opt for the driving assistance system
A vehicle that is less than 5 years old gives access to several driving aids, namely parking assistance, anti-collision alerts, trajectory corrector, automatic emergency braking, etc. Insurers appreciate these systems, which provide additional security and reduce the risk of accidents. As a result, you will benefit from a reduction ranging from 5 to 15% on the RC (Civil Liability) and the omnium.
Choose hybrid and electric vehicles
Some car insurance companies with CSR (Corporate Social Responsibility) give discounts for low-emission cars. The premium can amount to 20% reduction on RC if your car is 100% electric. In addition, a hybrid vehicle benefits from a 10% reduction if it emits less than 95 g of CO2/km.
Compare prices to easily save on your bill, and find insurance that really suits your driving needs!