When it comes to car insurance, first-time and young drivers can find it particularly challenging to find an affordable car insurance policy. Because they are seen as a high risk due to their driving experience and their age, their insurance premiums will usually be much higher than those of an experienced driver.
So what can you do to help reduce the cost of your young driver's car insurance policy and save yourself as much as you are able early on in your driving career?
Further Your Knowledge
Early on in your driving career, gaining additional knowledge can help to reduce your premium, so look into courses such as Pass Plus – which helps to teach more advanced driving techniques, such as driving on a motorway or at night time. Pass Plus courses can help to take a little off your premium, and investing in it early on could prove worthwhile in the long term.
While you’re learning to drive, you’ll be driving your instructors’ car, but after passing your test, you’ll have the responsibility of car ownership to worry about yourself. When starting off as a new driver, it can certainly be worth thinking about what you’re going to be wanting to drive.
Consider Your Car Model At First
When you’re first starting out on the road, consider the car you’re starting off with. Cars with smaller engines and that haven’t had any modifications put on them are going to be cheaper to insure, so consider starting a little more modest to start.
Ok, so it might not be your first choice or ideal car to start with, but by starting small, you can help yourself to save big on your young driver's car insurance.
Consider adding extra security features such as steering wheel locks and alarm systems to help deter thieves and prove to your insurer that you have taken steps to protect your vehicle by making it less attractive to wannabe thieves.
Accumulate Some No Claims Discount
As your driving experience increases, your risk level will gradually drop, and you will find your premium reducing. By ensuring that you drive carefully and safely, you can begin to accumulate No Claims Discount which could help to reduce your premiums over time. But with the advent of technology, there are also other options for proving you’re a good driver, so why not try…
Tracking Yourself With Telematics
Telematic technology allows insurance providers to monitor drivers and, more importantly, their driving habits in order to determine the kind of driver that they are. While it might seem a bit Big Brother-ish, driving a car with a black box fitted in it could be useful for proving you’re a good driver.
Telematic black boxes are used by insurance companies to record certain aspects of your journey – including acceleration, braking, overall speed and cornering position – before feeding back the details using wireless technology.
Some policies will even allow you to view your current progress using a smartphone app, giving you the chance to check your progress while giving your insurer an idea of the type of driver you are, calculating your next policy price using the data you provide.
If you’re still not sure about using technology, turning to other people can help in the meantime, especially if you consider adding…
While it may seem a little ‘uncool’ to add one of your parents to your insurance policy, this may help to reduce your premiums in the long term. By adding a more experienced driver with a good driving record as a second driver on your policy can help to reduce your costs by adding them as an ‘occasional driver’ – just make sure to not add them as the primary driver, or you may find yourself facing a fraud charge.
It can also be worth seeing about adding your car to a multi-car policy, especially if you still live at home with the folks. Multi-car policies can help reduce your costs by insuring them under the same household rather than as individual policies, and speaking of yourself as an individual it can be worth looking into a few details about yourself to try and bring down your premiums, so why not try…
Checking Your Job Title
If you are currently in work, have a think about your job title, and try running a quote through with several job titles that apply to you, you may find it cheaper for one than the other, but be sure to be honest as you can when applying.
Also think about how much cover you want to take out, so during the application process think about…
Checking Your Cover Level
Don’t just assume that getting a third party-only insurance policy is going to be the cheapest option, be sure to research into as many policies as possible before deciding on the one that’s right for you.
For some, taking out a fully comprehensive policy can be a cheaper option than just limiting yourself to a third party-only policy, but by taking steps to ensure you drive safely and are honest with your insurance company about your details you can save yourself a small fortune on your young driver's car insurance policy.
Young drivers and first-time drivers can have a pretty raw deal at first when it comes to finding an affordable car insurance quote, but by taking action early on you can help yourself going forward.
By taking the time to make a few changes to driving habits, ensuring you drive safely, and taking the time to have a look at your policy options, young drivers could save themselves some money which could set them up for a long and happy driving career.