As a young driver you are
likely to find it more difficult and more expensive to
be insured. The reason often quoted by insurance
companies is that you are statistically more
likely to be involved in an insurance claim than
an older or more experienced motorist.
The higher incident rate for young drivers can be
attributed to in-experience, Recklessness and the more night journeys.
The higher
the risk - the higher the cost of your motor insurance!
So, as a young driver you have 3 levels
of motor insurance cover to choose from: third party
only, third
party fire and theft, and fully
comprehensive insurance. If your car
is only worth a few hundred pounds? Why as a young
driver do you have to
pay such high motor insurance premiums? Imagine
for a moment you were involved in an incident
involving a vehicle worth £35,000. If you are judged
to be responsible for the incident then your motor
insurance company will have to foot the bill!!
However, the good
news is you can get cheap car insurance for young
drivers
by:
Reducing the
engine size of your car. Purchase a 1 ltr vehicle
instead of a 1.6 ltr. Avoid modifying your car. In
general insurance companies will set higher premiums
for modifications. If however, you do add a mod -
make sure you let the insurance company know as
failure to disclose this information could make the
policy void.
Taking a pass
plus course after you get your license can also
make your motor insurance premiums cheaper. You'll often find
that the cost of the course will usually pay for
itself within the year.
If you want
to improve your skills further and reduce your
insurance premiums take an advanced driving
course. Not all insurance companies offer a
discount on your insurance premiums but those that
do offer good savings (we aim to add a list of
insurers here shortly)
Shop around!
Some insurers claim to specialise in insuring
younger drivers. We would advise you to compare
insurance quotes and shop around. If you've found a
good quote
- let us know! It pays to shop around for any
insurance product, it is doubly the case when
searching for
cheap car insurance for young
drivers. You will
be amazed at the range of prices you will be
quoted, and it is not uncommon for insurance
premiums to top £2,500 with one insurer, while
another insurer will quote exactly the same cover
for £950.
Finally, it makes good sense to get
an immobiliser fitted. Many insurance companies will
only insure high risk drivers i.e. young drivers if
the vehicle has an immobiliser fitted. Very often
you will recoup what you paid for it in the savings.
Pass
Plus motor insurance
This is the official list of Pass plus insurers
who may offer cheap car insurance for young drivers.
AA
Motor Insurers
BSM
Motor Insurance Services
BTE
Lawline
Churchill
Motor Insurance
CIS
Direct
Line Car Insurance
Zurich
Motor Insurance (Eagle Star)
Norwich
Union
Privilege Insurance
Provident
Royal
and SunAlliance
Tesco
Motor Insurers
Driving Instructor Forum
- Find out about
pass plus, cheaper insurance, buying your first car
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2007 Copyright
Driving Innovation Ltd - Young Driver Insurance
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