How to cut the cost of your car insurance if you're a young driver.
The insurance premiums for young drivers with little experience on the road tend to be relatively expensive. This is because those under 25 tend to fall into a statistical 'high risk' category which predicts (based on previous drivers in this age group) that individuals in this group are more likely to make expensive claims on their insurance than any other age group. In general, the annual premium will reduce each year you are insured to drive, especially if you begin to build up a no claims discount.
There are several ways that the cost of young driver car insurance can be reduced. By completing Pass Plus, a novice driver will not only improve their skills by gaining experience with motorway, city and reduced visibility driving and consequently reduce their risk of having an accident, but could also be eligible for up to 20% discount on their insurance premium. It is also possible to opt for 3rd party, fire and theft or simply 3rd party cover which, although provide you with a much lower level of cover, are usually cheaper than fully comprehensive insurance.
By adding a parent or older sibling as an additional driver on a young drivers insurance, it may be possible to obtain a small discount in premium. However, it is important to avoid having a parent as the first named driver on a car owned and used by a child as this is known as ?fronting? and could invalidate an insurance policy if a claim was made.
The type of car chosen by a young driver will also impact the premium; cars with larger engines or modifications are much more expensive to insure than those with smaller engines which are more likely to be suitable for a novice driver.
There are several insurers which specialise in providing insurance to young and novice drivers, by completing quotes with several insurers it should be possible to find a suitable level of cover at a reasonable price.
