Cheap car insurance for young drivers
Young drivers car insurance is notoriously expensive, find out why and what you can do to lessen the blow and find cheapest car insurance for young drivers. Our latest data shows that average premiums for car insurance for young male drivers aged 17 to 18 are almost more than £2,200, while car insurance for young female drivers in the same age bracket face average bills of close to £2,000, a 50% rise since the EU gender directive came into force on 21 December 2012. And with insurers no longer able to take gender into account when calculating car insurance premiums, the cost of young person car insurance is only heading in one direction.
Why is young driver car insurance so expensive ?
The main reason car insurance for young drivers is so expensive is the risk the insurer takes, statistics show that young drivers are far more likely to be involved in accidents than drivers over the age of 25, with insurance premiums calculated to reflect the stats.
A research shows that one in eight british drivers is aged 25 and under, with a quarter of all drivers involved in serious traffic collisions within this age group. As well as being more likely to have an accident, young and new drivers often have to pay more for their car insurance because they haven’t had the chance to build up a no claims bonus over time. Cheap insurance for young drivers can thus be quite difficult to find, but you can compare the market for new driver insurance online.
How to find cheap car insurance young drivers ?
There are a number of things you can do if you’re struggling with the high cost of young persons car insurance. Find the cheapest cars to insure for young drivers. Many things can impact the cost of young car insurance and one of the first places to look at is the car itself. Insurers place cars into individual insurance groups from 1 to 50. Typically, if the car is in group 1 it will be amongst the cheapest to insure and 50 will be the most expensive. Cars are rated on the following factors :
– how quickly the car accelerates and its top speed
– the value of the car as new
– the security features the car has
– how much it will cost and how long it will take to fix if it is broken
– how much the individual parts cost.
You can learn more about the type of cars which attract the cheapest insurance premiums by reading our guide to the cheapest cars to insure.
Get an extra driving qualification
Some insurers offer discounts to car insurance for young people who take part in the Pass plus scheme. This is a training course that gives additional coaching to new drivers. The logic is that the better and more confident driver you are, the less likely you are to have an accident and make a claim. The course only takes around 6 hours to complete and could drastically cut the cost of under 25 car insurance.
Increase your excess
Choosing to pay a higher excess, the amount you have to pay up front if you make a claim, could significantly lower the cost of young driver insurance. However think realistically about whether you could afford to pay that lump sum if you end up needing to make a claim.
Don’t pay for what you don’t need
With a number of different types of car insurance policy out there, it pays to get an idea of what level you require. Don’t pay extra for what you don’t need. The minimal level of cover to legally drive in the UK is third party car insurance. This will cover costs in repairs or injuries to any third party affected by an accident you cause. Any costs to your own car however will not be covered.
With a third party car insurance policy you will also not be compensated if your car is stolen or damaged. If you live in an area where theft and vandalism is common then you might want to consider getting third party, fire and theft cover.
As with regular third party insurance however, third party fire and theft won’t cover any injury costs or repair costs to your vehicle in the event of an accident. To get this level of cover, opt for a fully comprehensive insurance policy. Take some time to consider what level of cover you need. Also, make sure you compare the whole market as you may be surprised at which level of cover comes out cheapest.
Add an experienced second driver to the policy
Adding an experienced and older named driver to the policy is another effective way to bring down the cost. This way the insurer is reassured that the young person will not be the only one driving the car, which reduces the chances of an accident occurring. However, be careful of ‘fronting’. The car must be in the name of the main driver of the vehicle, otherwise you are breaking the law and any claims you make will be turned down and your insurance invalidated.
Don’t pay per month
It may not be possible for many young drivers to fork out the cost for car insurance in one go, but if this option is open to you, take it, as you could pay less in total by not paying in monthly instalments.
Telematics / black box insurance
If you don’t plan to use your car very often, telematics (or black box insurance as it’s also known) could be the right move for you. Black box car insurance counts the miles you’ve driven so that you only pay for what you use. A telematics box will be installed in your car and it works much like a pay as you go mobile phone contract as you top up in bundles of miles depending on how much you’re driving. The technology measures everything and paints a picture of how safe a driver you are. So if you’re a safe driver and stick well within the speed limits then you could get your hands on the best car insurance for young drivers. Keep in mind however that your circumstances might change and you might find that you have further miles to drive making it more expensive.
Make your car secure
Make your car more secure by adding security features such as an alarm and try to keep it out of harm’s way as much as possible. If you can park your car off the street, or even better, in a garage, then you will very likely see the quotes fall in price.
New drivers insurance
It is not just young drivers that are faced with sky high premiums, new drivers insurance is similarly expensive. Ultimately, it comes down to the providers taking a risk on your inexperience. New drivers of any age are often cited in statistics that show them being more likely to have an accident than their more experienced counterparts. This often means that new driver insurance is likely to have the high premiums often associated with car insurance for young drivers. You can read our guide to car insurance for new drivers to learn more.
Can I get cheap car insurance for under 25 ?
When getting their first car, young drivers may wonder, “Can I get good car insurance for under 25 ?”. The answer is yes. Of course you can get quality insurance that meets your needs with a company that provides good customer service. Your age does not affect the types of coverage you can obtain for your vehicle, although age is one of the factors taken into account in premium costs. You can discover quite a few methods of getting quality coverage, while taking advantage of discounts you might not have known you qualified for.
Are you a full, time student under the age of 25 ? If so, you’re on your way to possibly qualifying for a discount on your car insurance that could help lower your premiums. Here’s the catch : you have to have good grades. But, nobody’s suggesting that only “A” students are eligible for student auto insurance discounts. Many insurance companies specify that as long as you can maintain a B average in your coursework, you may qualify for the good student discount. Your main goal in doing well in school is probably getting a degree and landing a good job, but saving some money on your car insurance under 25 premiums could be the icing on the cake.
Do you have a renters insurance policy ? At a younger age, you may not have bought a home yet. But, if you’ve moved out of mom and dad’s house, do you rent an apartment ? If you have a renters insurance policy, you may qualify for a discount if you buy your auto insurance policy from the same company.
What do you do for a living ? If you work for certain major corporations or even some small, or medium, sized businesses with special discount programs, you could be eligible for an auto insurance discount and not even know it. You may want to pay a visit to your human resources department to find out if your company is enrolled in a group car insurance discount plan.
If you’re self, employed and work from home, or if you’re not self, employed but work primarily out of your home office, you probably don’t spend much time on the road, at least not nearly as much as you would if you were to commute each day. If so, you might be able to take advantage of low mileage discounts offered by your insurer. Not everyone can work from home, but some people don’t rely on their cars to get them to the office and back. If you routinely take advantage of public transportation instead of driving to work, talk to your insurer to find out if the low number of miles you put on your car each year could result in savings.Or you can also try to get more informations about a temp car insurance under 25 online, maybe that is what you need.
There are plenty of other auto insurance discounts that you might qualify for. Take a look at all of your options, then talk to an insurance agent to ensure that you’re taking advantage of everything that’s available to you. If you do, you may find that it’s not only possible to get good car insurance under 25, but that you can also do so at a good price and also be prepared for over 25 car insurance.