2. Pay Once a Year and Not Every Month
The premiums new drivers pay are outrageously high. Anything that you can do to bring those payments down is a good thing. You might immediately balk at the idea of paying your insurance a year at a time, but it’s the best way to save money.
If you pay your insurance monthly, you’ll end up paying more. Your rates are high, and that might make paying for an entire year difficult, but it’s something that you should consider. There is no other single way to reduce the cost of your insurance.
If you’re talking to an agent, make sure they know that you intend to pay for a whole year upfront. The price quote they give you should be significantly lower if they know this in advance.
If you’re buying car insurance online, then pay close attention to any boxes that might need to be checked. If you have the option, compare the price when paying monthly to paying for an entire year.
It might be in your best interest to save enough money up to for a whole year when getting your policy. Coming up with that much money at once might not be easy, but the savings will make the effort worthwhile.