A newbie driver would be better off driving an old model vehicle rather than a top of the line market class ride. Unless you have a bottomless reservoir of cash, one must be wary of how one drives on the road. Being new means a greater propensity to commit mistakes and thus cause accidents. Since insurance companies keep tabs on one’s claims on insurance profile, a lower or nil claims profile would translate to lower insurance rates. A young driver’s records are never lost and would be a reflection of one’s risk level as one grows older. Many times, due to a driver’s records, the premiums are so steep that it would be cheaper to take the bus or take a taxi everyday.
(more…)