Student Days With an Old Banger
When going to university many students choose to give up their cars or take them off the road in order to save money, as in most university towns everything you need in walking distance so there’s not much need for a car.
However, for some students having a car is a necessity, as it’s the only way they can get to and from their home town or work. Furthermore, if you are planning on doing a placement year having a car is practically essential; otherwise you will limit yourself when it comes to looking for work!
However, running a car is often expensive, and as a student you probably have a long list of things you would rather spend money on than car insurance. The issue is that as a young driver, car insurance providers will charge you higher premiums due to the fact you are statistically more likely to get in an accident, however there are a couple of tricks that can save you money.
Firstly, don’t get an expensive or flashy car, there’s no point as it will only cost you more to insure and tax and you will probably only use it to get from A to B. Save your money and get a nice car when you’ve finished your degree and have a full time job.
Keep Insurance Costs Down
Another way to save money on your car insurance is to take out a telematics policy. Telematics, or ‘black boxes’, monitor your driving and insurance providers use this information to determine how risky you are to insure.
The safer you drive the lower your premiums will be, and you will also be less likely to receive speeding tickets or get involved in an accident, saving you further money. Telematics insurance policies are pretty new, however as they can save young drivers so much money their popularity is growing quickly.
Save the Pennies for Your Future Car
Saving money on your car insurance should always be a long term goal, and during your university years it’s of the utmost importance you don’t get a bad driving record. If you keep your licence clean and don’t claim on your car insurance during your time at university, by the time you leave you will see your car insurance premiums drop dramatically.
This will come in very handy when you decide to treat yourself and buy a brand new car!
If you are a student make sure you try MotorQuoteDirect when looking for your car insurance policy. You could be surprised with how much you save!