MyWikiBiz, Author Your Legacy — Monday November 18, 2024
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, 10:53, 13 November 2009
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| == Introduction == | | == Introduction == |
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| Many young drivers - and especially young males - want their first car to a be a high performance one. Faster and more powerful cars tend to be placed in higher insurance groups. Higher engine size and a higher spec means a higher premium. Choose a car that is suitable for an inexperienced driver. High performance cars are generally not suitable for younger drivers and certainly not teenage drivers. Cheap car insurance and other running costs such as petrol, parts and servicing, will also be comparatively high. | | Many young drivers - and especially young males - want their first car to a be a high performance one. Faster and more powerful cars tend to be placed in higher insurance groups. Higher engine size and a higher spec means a higher premium. Choose a car that is suitable for an inexperienced driver. High performance cars are generally not suitable for younger drivers and certainly not teenage drivers. Cheap car insurance and other running costs such as petrol, parts and servicing, will also be comparatively high. |
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− | Modifications - When giving a quote insurance companies will ask if any modifications have been made to your car. If you have modifications, you are likely to pay more for your insurance. This is because the modifications made will make your car more likely to be stolen, broken in to, or increase your chance of being involved in an accident. | + | |
| + | == Modifications == |
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| + | When giving a quote insurance companies will ask if any modifications have been made to your car. If you have modifications, you are likely to pay more for your insurance. This is because the modifications made will make your car more likely to be stolen, broken in to, or increase your chance of being involved in an accident. |
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| Generally, car insurance companies don't like modifications. If the engine size has been increased, the car goes faster and it's going to increase your risk of being involved in an accident, so it will certainly increase your premium. | | Generally, car insurance companies don't like modifications. If the engine size has been increased, the car goes faster and it's going to increase your risk of being involved in an accident, so it will certainly increase your premium. |
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| If you are thinking about modifying your car, check with an insurance company first, but the best advice for young drivers looking for cheap car insurance is to go for a car without any modifications. | | If you are thinking about modifying your car, check with an insurance company first, but the best advice for young drivers looking for cheap car insurance is to go for a car without any modifications. |