The Guide For First Time Car Insurance Buyers

Teenage Girl Celebrating Owning First Car
Teenage Girl Celebrating Owning First Car

It may be difficult for you to find auto insurance as a first-time customer. Because they lack experience, insurance companies charge them significantly more than those who have it. As a result, you may expect to pay $5,000 or more for auto insurance in your initial year in some situations.

We've put together a guide to assist you with the procedure and help you save money when purchasing Illinois auto insurance for the first time.

Buying Car Insurance For The First Time

  • When purchasing car insurance for the first time, you will need to:
  • Gather personal information.
  • Gather vehicle information
  • Receive a quote
  • Talk with an insurance agent
  • Compare and contrast quotes to find the best provider

Some people don't realize how much information is necessary to acquire auto insurance rates, and it might be tough for first-time buyers to figure out the procedure on their own. We've put up a list of everything you'll need below.

You can get a quote straight from most insurers on their websites or talk with an insurance agent once you've gathered everything you need. The best practice is to request quotes from three or more providers to find the best rate.

What Personal Information Will You Need?

When purchasing quotes, you'll need personal information on hand for yourself and everyone else
named in the policy:

  • Driver's license
  • Birthdate
  • Address     
  • Occupation
  • Marital status     
  • Education
  • Driving record
  • Previous insurance providers

This information, such as your driving history and location, will have an impact on your insurance premiums. If you don't have access to your vehicle's VIN, the expiration date of your registration, or the name and address of the person who registered it to you, you'll need this information as well.

It's also critical to have the year, make, and model of your car ready when you go shopping for new vehicle

First Time Drivers Pay Higher Insurance Rates

The cost of your auto insurance is determined by several variables, including where you live, your demographic profile, prior driving records, and mileage. However, when it comes to producing automobile insurance premiums, the most significant consideration is the driver. Because insurance companies view
experienced drivers as lower risks, they charge them far less than new drivers.

How Much do New Drivers Pay?

New drivers are more dangerous to insurance companies and cost more to cover. On average, first-time drivers pay about $4,529 per year in auto insurance premiums, while experienced drivers pay around $1,427 per year.

New drivers' insurance premiums are generally more significant. The most expensive is GEICO, which charges our sample driver with no prior driving experience $6,339 per year. A new driver with 0 to 5 years of experience will pay $5,101 more for insurance than a veteran with 15 years of expertise.

This post is provided by a third party who may receive compensation from the companies whose products or services we mention.


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