How to get cheap insurance on a new car

Thursday, 02 August 2012

One of the main problems with purchasing a new car is insurance. Many people are regularly put off of buying a new car they can afford simply because the insurance is too high. However, there are things to consider when buying car insurance.

With recent news and reports suggesting that many are drivers are under-insuring due to the high insurance rates, now is the perfect time to look into some of the solutions and factors of car insurance.

Your driving history

First of all, insurance is based both on the car being driven and the type of insurance. If you have a long no-claims history you will find your insurance is more affordable. If, however, you have proven irresponsible as a driver in the past, not many insurers will risk covering you on a new car without hefty premiums or excesses.

Before looking at any new cars you should consider your history as a driver. This will help you understand more fully any high charges you might be offered.

Defining 'new'

Cars can't always be easily defined between 'new' and 'old'. Brand new models will always be considered new, but where does that leave the previous year’s model? There are often cases relatively new (but not brand new) vehicles sitting in dealership forecourts. Whilst they are no longer 'new' in the traditional sense, the fact that they haven't had a previous driver means that they still don't come with a complicated background history. Additionally, the dealership will often ensure they are at the highest quality.

Yet despite this, the age of the model will drastically reduce costs, both of the price of the car and it’s insurance. By purchasing a relatively new car, you can potentially acquire the best of both worlds, combining the reliability and performance of a new car with cost-cutting benefits of an old car and no previous owner.

Going green

Another method to reduce insurance is to buy a car that has reduced insurance thanks to its emissions; in this case, hybrid technology. These green cars produce much lower emissions and often come with a high safety standard. As such, there is a certain reduced risk with these vehicles that can often be rewarded through cheaper insurance options.

This isn't a small market either; visiting any professional dealership will undoubtedly show a range of Honda eco friendly cars. The leading manufacturer of hybrid cars, Honda vehicles such as the Honda Jazz Si have all the comfort, reliability and performance of regular vehicles; the Honda Civic is a prime example of a practical yet luxurious choice.