WATCH | Drive safe and you won't burn a hole in your pocket with car insurance

Having car insurance has become crucial with so many road accidents and hijacking incidents rising drastically in recent years.

Insurance prices are generally determined by age and the type of car they drive. Drivers below the age of 25 are generally classified as high risk, making their premiums much higher.

Being obedient

According to Pete Karageorgos, the best advice he can give is to be a safe driver. That concept becomes easier said than done because unfortunately, no matter how well behaved we drive, it is more often than not the actions of other road users we cannot control.

READ: Thinking about cancelling your car insurance to save money? Here's how it could cost you in the long run

A number of insurance companies are rewarding drivers for driving well, rewarding them with discounts and other freebies.

At the end of the day it all makes sense and pays off to be a good driver.