Cheap Car Insurance for Young Drivers.
By: Richard Jenkins
Car insurance for young drivers is never going to be cheap! The best you can do is try and buy the lowest car insurance premium possible. What follows is a guide which will help you achieve this. Firstly, the reason cheap car insurance for young drivers is an unlikely reality is simple- young and new drivers are a bigger risk to insure than the average car driver. These are the facts Newly qualified UK drivers are more likely to have an accident during their first year of year of driving than at any other time.
Per mile of driving, the risk of an accident involving injury or death is about seven times greater for 17-20 years old than for those aged 40 or over.
Young drivers under 21 are involved in 15% of all car accident deaths.
New drivers make up just 10% of licence holders, but are involved in 29% of accidents.
The following tips will help you reduce the cost of your young drives car insurance
Take the Pass Plus Driving Exam The pass plus examination is for new and young car drivers. It is an intensive training course that helps new drivers become a better drivers. Pass the pass plus and you will get a discount of up 35% on your car insurance. Taking the Pass Plus will cost around £100 but given the high cost of new drivers car insurance you should save more than this on your car insurance premium. Ask your driving instructor for details.
Pay a Higher Excess Insurers will insist on a minimum amount that you have to contribute to any car insurance claim. The standard amount is £100. As new and young drivers if you volunteer a higher amount you could save on your car insurance premium.
Pay Your Car Insurance Premium in One Go It is often cheaper to pay your years car insurance in one lump sum rather than in monthly installments. Most car insurance companies charge interest of around 15% APR (some up to 30%) to allow you to pay your premium in monthly installments.
Named Drivers Adding a named older driver to your car insurance policy, i.e. your parents, can save you 10% on your insurance premium. Likewise, avoid having younger named drivers on your policy.
Car Security Beef up your car security. Thatcham approved car alarms are recognized by all insurers and most will discount your premium if you have these fitted. If you have a garage then use it. Your car is less likely to be stolen from your garage or from your drive than if it is parked in the street. Insurance companies will recognize this and offer cheaper premiums.
Buy Your Car Insurance Policy Online Most car insurance companies offer a discount if you buy online via their web site.
Be Born Female Female car insurance is cheaper. Why? Because the average female is a safer driver than the average male. Result, cheaper car insurance for the ladies.
Shop Around According to the Association of British Insurers it is possible to save 35% on a car insurance premium by simply comparing several insurance companies against each other. As young drivers such a discount can be considerable. So get as many insurance quotes, online or otherwise, as you can. It will save you money.
Richard Jenkins is owner of the online driving schools site www.driving-test-success.com
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