Getting a car for the first time can be so exciting but not having to get first-time car insurance can turn the whole sweetness to sourness in a twinkle of an eye. It may be that you got a new car of your own as a person for the first time, or your parents tell you as a teenager that it is time to get your own personal policy.
You can enjoy the gladness and the whole vibes associated with owning a car and cry on that same note later on. Finding the right car insurance might seem like a daunting task when it is the first time.
But the journey isn’t all that bad. With a little bit or whole of preparation, you can get a good policy with the right coverage types for a good price. There are things and steps you need to take as a person who is going into the field for the first time.
First-time car insurance can do a whole lot of things but is unworthy of the stress. Imagine going out to the field with your first car and an accident happens, of course, you do not pray for that.
But, you cannot avoid circumstances completely which is the more reason you need an insurance cover to be able to answer to the circumstances when they arise.
If you just go in your car congratulations on your achievement. Now you are not certain whether to insure it or not or you want to know the processes involved in first time vehicle insurance.
This article will guide through all the way to finding out all there is about first time car insurance. Ranging from the cost to the companies that are responsible. You will also get to find out what first time car insurance covers you from as we get started.
What does first-time car insurance mean?
First-time car insurance is a reference to the auto insurance a person gets when it is their first time in the insurance market. If you are thinking of buying your first automobile (car) the excitement could be heavenly.
You may continue celebrating yourself that you even forget to do the needful. Although car insurance may be the last thing on your mind after your first car achievement, but it is important.
It is not just a person who bought their first car that needs first time car insurance, no.
A person can decide to do so without having a car, a teenager for instance. Your parents may just decide it is time you got your car insurance. Just the same way it is with driving license, you can get your first time car insurance and keep for future purposes.
It could be so that you do not do so when the cost of first time car insurance has sky rocketed, that is a valid reason. So, first time car insurance is the policy that a person can get from insurance companies for their automobiles for the first time.
Why do you need first time car insurance?
Car insurance protects you by covering your expenses up to your policy limit in the event of an accident, which is why you need to choose your coverage levels carefully. Although it may seem to be unnecessary spending, you still do need to have car insurance and not only because the law requires it.
The cover is for your own good and coverage. Getting or having first time car insurance covers you even if a third party crashes your car or you crashing a third party’s car.
The expenses needed or made in repairing your damaged car or sometimes to your policy depending on the company may cover for injury. That means that, when you injure yourself or another person during an accident, the whole cost of treating the wound or injury will be covered by your policy providers.
The importance or necessity of getting a car insurance is not limited to the first time, what ever importance and need there is, is for what ever auto insurance.
Liability insurance coverage is there as a type of car insurance to pay for any damages you might cause to a third party’s car and any medical bills that may be incur.
There is also comprehensive and collision insurance, which is often referred to as full coverage. It pays for any damage done to your vehicle. The line above means that if your car is damaged or stolen, your policy provider will pay for the repair or replacement of it.
How to get first time car insurance
If you have been able to convince yourself that you need to get first time car insurance for that your new automobile congrats. There are a few steps you need to take to get your first time car insurance and requirements.
Most though, the requirements vary by the insurers but there are common requirements you need. The most important part of shopping for affordable car insurance is getting multiple quotes.
When shopping for your first auto insurance, you will need to provide your personal information, including;
- Education qualification
- Marital status
- Driver’s license
- Date of birth
- Address
- ZIP code
- Employment status
- Vehicle information including the model, make and year.
Teenagers and students who are getting their first time car insurance usually find the best rates by staying on a parent’s policy and taking advantage of student discounts.
Young drivers need to research which companies offer the best cheap car insurance for teens before making a purchase.
Companies that offer first time car insurance
Whether you’re looking to switch insurers or you are buying a first time vehicle insurance,there are several factors to keep in mind when trying to find the right company for your vehicle.
There are several companies that offer first time vehicle insurance and below are a few of them;
State farms first time car insurance
The state farm insurance company offers great savings for teenage drivers with discounts for good grades, staying away at school, taking driver training (up to 20%) and good driving skills.
State farms offer their first time automobile insurance discount based on some factors as listed below;
- When a first time driver bundles with renters, homeowners or life insurance policies
- Ability to insure multiple vehicles
- When a person possesses good or excellent driving skills
- Taking out defensive driving courses
- Vehicle safety features (seat belts or airbags on older vehicles)
Farmers first time car insurance
The award-winning insurance company farmers offer a wide range of insurance products and different ways to save on car insurance premiums. This is specifically useful in counterbalancing their slightly higher than average rates.
Although the company does not provide a more extensive selection of car insurance discounts than other insurers. It is interesting to know that they offer two car insurance discounts for first time auto insurance that not all providers carry.
All states
Coverage options you can get with Allstate on your first time auto insurance include collision, comprehensive, liability and medical payments. Counting also, sound systems, roadside assistance, personal injury protection, and extended umbrella coverage.
Even though all states may not be the overall best when it comes to first time auto insurance, it is yet a very good company with great discount offers.
USAA first time car insurance
A survey showed that members of USAA car insurance saved an average of $725 per year when they switched to USAA Auto Insurance.
It is a great company to get your first time automobile insurance, they offer great discount cover and also a highly excellent service.
First time customers in this insurance company are offered great discounts according to if they have great driving skills.
Progressive
The insurance company offers the most control for first-time auto insurance when it comes to how much you want to pay for your auto insurance policy. They do this through their ‘name your rice tool’.
The tool reverses the usual method of getting an insurance quote. With them, you can get an insurance policy within your budget cost on your first time auto insurance. You only just need to provide some basic information (address, vehicle make and model, owned or leased) and how much you can spend.
Cost of first time car insurance
The cost you get on your first time auto insurance has two factors that will affect it which are your age and amount of cover you choose. Also, the price or cost of car insurance may vary by company. While some companies may charge higher because of the offers they give to first-time insurers,
Other companies too do keep their costs moderate. An 18-year-old first-time driver can be expected to pay an average of £3,454 per year for a minimum-coverage policy. while a 30-year-old first-time driver may pay £1,118 per year for the same coverage, on average.
The average cost of first car insurance is between £3,454 and $1,118 per year. How much you get your first time insurance for is dependent on the company and your age.
Conclusion
It will be a thing of celebration if you got your first car, congratulations on that. But the whole excitement may turn out sour if you do not get your first time car insurance to cover you against accidents and crashes in your new car. Aside the necessity of first time car insurance by law, you need to have your policy intact. In cases of accident or damage to your car or you cause damage to another person’s car, your insurers will cover the cost of repair.
FAQs about first time car insurance
How do i get first time car insurance.
The steps are there you need to take to get your first-time car insurance and the necessary requirement for provision. You will have to provide your car and personal documents and others.
How much is first time car insurance
The amount you are charged on your first-time car insurance is dependent on the company you have chosen and your age. An 18-year-old can pay £3,454 while a 30-year-old pays £1,118 per year.
Why is first time car insurance expensive
First-time car insurance is expensive depending on your age. If you are below 20 or 25, the cost of your insurance will be higher than a 30-year-old.
Do i need to get a car insurance for my car
Yes. If you just bought your first car you need to insure and cover it from damages or if your parents decide that you need to get your own policy as a teenager, then you need to.
Is first time car insurance only for people that have car
No. first-time car insurance could be for a teenager who is up to 18 to get their own policy for the future.
