Have you just bought your first car? Congratulations! While it will make your life easier with all the things you can do with it, you should not forget that a car also subjects you to some obligations. Car insurance is one of them. Regardless of the type of vehicle you have, you must purchase one. There are many offers in this field and you will have to choose between different formulas. To help you, here are a few tips that may be helpful in choosing your first car insurance.
Choosing your first car insurance when you are a young driver
The calculation of the car insurance premium is based on a number of criteria. Among the most important are the type of vehicle you have and its power. A high-powered car is more likely to be involved in an accident. Of course, the insurance premium will also be high. For a young driver, the first car should ideally be a low-powered car. It would be best to opt for an older model. This way, you won’t have to pay for comprehensive insurance. However, if you have a large budget, there is no reason not to choose this option.
What guarantees should I subscribe to?
When you purchase your first car insurance, you will have a number of coverages to choose from. Some of them are of course mandatory. More precisely, we are talking about third party insurance or compulsory civil liability. This is the minimum coverage to purchase and the insured will simply have to choose it if they have a very limited budget. However, if you want to be compensated in the event of an incident, you can add a few damage coverage options. You can choose between glass breakage, theft, fire and collision coverage. Apart from that, other complementary guarantees are also offered. Examples include legal protection, assistance, driver’s personal guarantee, driver’s bodily injury insurance, driver’s individual traffic guarantee, etc.
Of course, you are not obliged to subscribe to all of its guarantees. For your first car, stick to the essentials. The third party insurance is the most important one. However, you can also choose from damage coverages to enjoy better protection.