Car Insurance for Young Drivers: What Your Need To Know
When it comes to securing insurance quotes, those in the 17-25 age bracket are usually those who must pay the most on their car insurance.
Younger drivers are seen to be more at risk of an accident because they are being more likely to be involved in a road traffic accident.
Indeed, inexperience can work against you when you first start driving, but there are a number of young driver insurance policies out there, as well as further training, which can help you reduce the cost of your premium.
What Level Of Insurance Should I Get?
Don’t work under the assumption that a Third Party Fire and Theft (TPFT) policy is going to be the cheapest option for you when you first start out.
Look into fully comprehensive policies as well; as these may work out cheaper for you in the long term, it’s worth shopping around before you commit to a policy.
How Can I Help Myself Reduce The Cost?
Because you’ll be seen as a higher risk as a new driver you’re likely to pay sky-high premiums for your first few years of driving, but there are a few ways you can help bring down your costs:
- Add a second responsible driver – yes, we know it might seem uncool to put your mum or dad on your policy, but doing so might actually lead to savings if you add them as an ‘occasional’ driver.
- Alternatively, if you’ve more than one car in the household, ask your parents about the possibility of multi-car policies. Some insurers will offer discounts on multi-car policies, provided they are kept at the same address, so why not save on your car insurance while you’re waiting to move out of the family home.
- Accumulate some NCD – as you progress through your driving career, by taking a bit of extra care during the period between the ages of 17 and 25 you can accumulate some No Claims Discount each year. If you can keep your record clean you could receive discounts in future insurance quotes.
- Think about increasing your excess amount to reduce your premium – paying just that little bit extra in the event of an accident could help to reduce your costs, be sure you’ve saved enough to cover this just in case.
- Consider using a telematic system – such as a black box – to monitor your mileage and driving habits in order to reduce your premiums. These measure average speeds and distance covered to give the insurer an idea of your driving habits and how they may affect your premium in future.
Can Doing A Course Help?
After you’ve passed your driving test you then have the option of taking a Pass Plus course, usually within 12 months of passing your driving test, in order to boost your driving confidence in a number of different conditions, including:
- Driving on rural roads
- Driving in all weather conditions
- Driving in towns
- Driving on dual carriageways
- Driving on motorways
- Driving at night
By taking the time to further your driving training you can save yourself some money on your policy.
There are also a number of other schemes which are giving young drivers the opportunity to learn more about driving and road safety, such as the Young Driver Training Ltd course.
This nationwide initiative is designed around 30-60 minute lessons in a controlled environment in dual-controlled cars in order to raise awareness, give them a feel for the vehicle and help to educate about road safety.
So by increasing their driving knowledge, driving carefully and accumulating some No Claims Discount as a result, young drivers can help themselves to secure cheaper premiums in future.
If you’re a young driver and are looking for an affordable insurance quote, here at Finance.co.uk we can help you find a better deal on your young driver car insurance policy.
Just fill in a few details about yourself and your vehicle, give us a click and we’ll search our network of UK brokers to find you the best deal on your first car insurance policy.