By now it's no secret that new drivers pay more on their monthly insurance premiums. This is because (according to Fort McMurray insurance companies) new drivers lack experience and are more prone to causing or getting into road accidents. As a result, new drivers must pay higher premiums until they have proven that they can be labelled as "regular" driver without costing their insurance company too much money.
Regardless of whether you think this practice is fair or not, knowing what drives up new driver insurance premiums in Fort McMurray the most will always come in handy to new drivers. To make sure that you are enjoying the lowest premiums that you possibly can, let's quickly go over a few of the things that affect your premiums:
- The car that you drive. Yes, you read that right. Newer cars will always be more expensive to insure than older models. While this is not something that you can change easily, knowing this might still end up being useful for you down the road.
- How high your deductible is: As you probably know by now, a deductible is a set amount of money that you have to pay before making a claim. The higher your deductible is, the less expensive your premiums are, and vice versa.
- Courses that you may have taken: Most companies in Fort McMurray like to offer discounts to people who have enrolled into an approved driving course. If you find yourself paying higher than anticipated premiums you might consider this option to save money in the long run.
- How secure your car is: Lastly, how secure your car is can also drive up your premiums. This is because insurance companies will see your car as more prone to being stolen or vandalized. You don't have to spend thousands of dollars on securing your car, but remember that a security system can often go a long way.