Motor Insurance for a Young Driver

While your teenager might be thrilled about finally getting his or her licence, you as a parent may be in for a bit of a shock at the extra expense incurred to insure your car for a young driver.

Young drivers are defined as those being less than 25 years old. For those who have already made some inquiries into insuring a young driver, you will have learnt that young drivers’ car insurance is a major expense. This is because insurers who base their decisions on recorded statistics place young adults and teenagers in the high-risk category. This in turn means that their premiums for young drivers will be higher.

Nevertheless, there are a number of tips for lowering your insurance premiums for young drivers; a selection of these is described below.The first suggestion is to combine all of your insurance coverage with one company. Insurance companies benefit from gaining the family’s entire insurance business. This includes house and contents insurance as well as car insurance. Your insurance company may be more likely to offer you a better deal on young drivers’ car insurance if they view you as an important client with several policies with their company.

Nevertheless, don’t simply assume that your regular insurance company will offer the best deal. Do some research using car insurance comparison websites to discover the most competitive offers for your family’s insurance cover.

Another way to lower your insurance premiums for a young driver is through advanced driving classes. Some insurance companies encourage young drivers to participate in advanced driving classes. While these may cost a few hundred pounds, this is likely to be offset by premium savings. Moreover, having defensive driving skills will help young drivers avoid collisions, or at least minimise the effects of any unfortunate accident that might occur.

The type of car the young driver will be using will also cause the price of young drivers’ car insurance to fluctuate dramatically. Some cars are much cheaper to insure than others. For example, a fast hatchback or a sporty car will be very expensive or indeed impossible to insure for a young driver. The same goes for a speciality model or a modified car. Statistics indicate that these types of cars have much higher claims risk, especially when young drivers are at the wheel. On the other hand, a standard family car that is very common and of a lower value, will be much cheaper to insure. Similarly, to access the insurance companies’ discounts be sure to install anti-theft features or auto-safety devices. If possible the car should also be kept in a locked garage when not in use.

It is imperative to check out as many insurance options as possible. The easiest way to compare policies for young drivers’ car insurance is via the Internet. While making phone calls to local insurance companies will take many hours, filling in an application form online, just once, and submitting it to a car insurance comparison site will help you access the range of deals available to you. This, in turn, will help you access the most competitive and comprehensive young drivers’ car insurance available.

But be ready for a shock: very high premiums and heavy excesses on policies for younger drivers are standard. Young drivers’ car insurance never has been and never will be cheap