6 Costly Car Insurance Mistakes to Avoid

Age can make a big difference in how much you pay for car insurance. In Saudi, car insurance prices for younger drivers (those under 25) tend to be expensive; because they haven’t been driving for as long and are more likely to get into accidents. Insurance companies see it that way, too. So, car insurance can be pretty costly for young people, which might also explain why so many of them choose to drive with it!

But don’t worry, you don’t have to wait until you’re 25 to find cheaper car insurance. Sometimes all you have to do is avoid the costly mistakes that will trigger a price increase.

What could make car insurance more costly?

1. Reckless Driving

One of the biggest factors driving up car insurance prices for young drivers is reckless behaviour on the road. Speeding, traffic violations, and car accidents can significantly increase your insurance rates.

Once you start proving your safe driving habits, you won’t look like a risk to your insurer. Plus, with a spotless driving record, you can qualify for a No Claim Discount (NCD) in Saudi!

2. Car modification

While modifying your car can be fun, it can also impact car insurance rates in Saudi. Any modifications that change “the factory settings”, whether an engine upgrades or custom paint jobs, can be considered alterations. Insurance companies often view these modifications as increasing the risk of accidents or making your car more expensive to repair.

3. Your car is expensive to insure

Expensive cars come with an expensive price tag, and that includes insurance too. If you’re driving a high-end or sports car, expect to pay more for your car insurance than what someone else with a regular sedan would pay! Since these cars are more expensive to fix or replace, insurance companies will also charge more to cover them.

4. You have more coverage than you need

Don’t assume comprehensive insurance is always best for drivers under 25! Especially if you are driving a worn-out old car, then, you’re better off ditching comprehensive car insurance for TPL insurance. Logically, third-party insurance is a reasonable choice for young drivers as it offers the basic level of coverage needed. Nonetheless, you can still find liability insurance with extra optional coverage in Saudi to suit your needs.

5. Your deductible is low

It’s a known fact that young drivers tend to end up in more accidents because they have less experience behind the wheel. For this reason, car insurance tends to be pricey. To help, think about going for a car insurance policy with a higher deductible. A higher deductible is proof of responsibility. As a result, it can reduce your car insurance rates. Most importantly, you have to bear in mind to set your deductible at a level you can actually afford.

6. You haven’t shopped around

While all insurance companies consider young drivers riskier to insure than older drivers, they don’t all upcharge the same amount. What’s more, some car insurance companies in Saudi offer insurance plans devised especially for the youth. So, the best way to find cheap car insurance in Saudi is to use a comparison site. These sites allow you to browse dozens of car insurance policies and compare quotes side by side in real-time.

Yet, sometimes your rates increase unexpectedly

As frustrating as it may seem, even if you’re a great driver, you might suddenly wonder what made your car insurance rates go up. Sometimes, these increases happen because of factors beyond your control, like the percentage of accident claims, car thefts, and the number of uninsured cars in Saudi. Additionally, car insurance fraud can drive up costs for everyone. When insurance companies face higher risks due to these factors, it can lead to increased prices, even for drivers with spotless records.

Considering these factors, it’s wise to explore your car insurance options. Shopping around and comparing different insurance plans could help you find a better deal. Price comparison websites are a fantastic way to easily compare different comprehensive car insurance options available in Saudi Arabia.

Here’s a bonus tip: By getting an affordable car and saving on insurance, you can stash away money and eventually get that dream car you’ve always wanted!