This day, a lot of divers are made and as new driving insurance is explicitly expensive.
And at some point, drivers find it difficult to keep up with it, so today in this article I ‘ll make it easier by introducing cheap car insurance for young drivers.
And insurer companies calculating this bill based on the risk that young drivers undertake while on high ways.
Why You Need Reliable and Cheap Car Insurance for First Time Drivers
AA 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.
Ridiculously to say that the main reason why car insurance for young drivers is expensive is the risk the insurance companies cover for drivers below the age of 25.
Research shows 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.
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.
Thus this makes cheap car insurance for first-time drivers quite difficult to maintain, although you can compare insurance policies from different insurance company websites to find out which is the best to go for.
How to Find a Good and Cheap Insurance for New Drivers Under Age of 25
You can give a try to best insurance for young drivers to minimize the cost of maintenance and upkeep:
- Out Sourcing Cheap Cars to Insure
Many things can impact the cost of young driver 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.
2. Increase your Pocket
The amount you have to pay upfront if you make a claim in such a way could significantly lower the cost of young driver insurance.
However, think about whether you could afford to pay that lump sum if you end up needing to make a claim.
3. Only Pay for What You 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 minimum 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 are common then you might want to consider getting a 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 car insurance market as you may be surprised at which level of the cover comes out cheapest.
4. Consider to Involve a Second Experienced Driver to your 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.
5. Don’t go for Monthly Payment
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 as you could pay less in total by not paying in monthly installments.
6. 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.
7. 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.
8. Telematics Box Insurance
If you’re a careful driver, telematics (or black box insurance as it’s also known) could be the right move for you.
A telematics box will be installed in your car (or an app installed on your phone) that can monitor how and when you drive.
The technology measures factors like speed, mileage and braking 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 cheap young driver insurance.
So this is it all on finding reliable and cheap car insurance for first time drivers