Handy tips on first time car insurance for over 25 year olds
28th Jan 10, 4:32pm
By John Grant This is a guide to help those looking to insure a car for the first time and who are over 25. In insurance terms 25 is a magical age. Statistics show that when you reach 25 your become a better risk to insure and therefore the process is a little easier than for under 25. There are many variables. These are, your driving history, the type of car you have purchased, your location, sex, where you live, how car is parked, who else will drive the vehicle, what accessories have been fitted and probably many more. If you have been driving a car and if you have been a named driver on that policy then you need to put that insurer on the list of companies. Why, because some companies will take this into account when deciding the no claims bonus level to apply. This is important as it determines the pricing of the insurance. The maximum NCB (no claim bonus) is usually around 65% therefore without previous driving experience you may start with a 30% discount but maybe entitled to a higher (45% or 55%) if you have been a driver without any at fault accidents on an insured vehicle. So how to decide on what type of insurance to have? The choices are;
- Comprehensive - Covers accidental damage to your car and damage to other vehicles or property.
- Third party fire and theft - Covers your car for fire or theft as well as damage to other vehicles or property.
- Third Party - Only covers damage to other vehicles or property.