When it comes time to renew our car insurance the main thing that comes to mind is whether or not we can get the same level of cover at a lower cost. We tend to turn to the car insurance comparison sites to see if another insurer has a better deal for us.
But what if just getting the best price was not your main concern, many new and young drivers find themselves stuck with much higher premiums no matter who they insure with. It is true that if you are a new driver and hence have not build up any no claims bonus or are a young driver under 25 then the cost of insuring your car can be double, treble or even higher than the average quote.
One of the problems many new drivers find is that it can be very difficult to find the money to pay your yearly car insurance premium. Finding hundreds, often in the high hundreds if not thousands can be very problematic. One solution is to take up the offer of the monthly payment options many insurers provide.
Whilst this does make it more affordable there are a couple of problems. Firstly most companies expect you to pay about 2 months premium as a deposit. Secondly you will often have to pay interest and even an administration charge on top of your quoted premium. This can bump up the amount that you pay for your car insurance.
There is however another option, that is to get no deposit car insurance and pay monthly premiums. There are specialist car insurers that can provide you with no commitment insurance where you pay a month at a time and can cancel at any point. They do not charge a deposit so you pay even monthly premiums and this can be all done online and remains totally under your control.