Cheap Car Insurance For Young Drivers

By David Lenton, Car Insurance Comparison – Young Driver Editor.

Young drivers under the age of 25 belong to a high risk group because they tend to make more insurance claims. Statistics indicate that new and young drivers are involved in 29 percent of all accidents although they make up just 10 percent of license holders.

Studies have found that young drivers under the age of 21 are 10 times more likely to get involved in an accident than drivers over 35. One in five drivers has a car accident during his first year on the road. A look at these figures helps explain why insurance rates are so high for young drivers. There are, however, a few things that young drivers can do to get lower car insurance rates.

Compare Car Insurance Quotes

Searching for the best car insurance deal can save you hundreds of pounds a year. Two car insurance policies with the same level of coverage may not have the same price. Rates vary greatly from one insurer to the next. Before you make a decision, compare at least five insurance quotes side-by-side.

Insurance companies use different criteria to calculate premiums and no single insurer will be the cheapest for everyone. That is why you need to compare multiple car insurance quotes from various companies. Most insurance providers sell coverage online. With a few mouse clicks, young drivers can buy car insurance, pay their monthly rates, and file claims.

Some websites allows customers to compare free car insurance quotes from over 150 insurance providers. Most of them feature mileage calculators, comparison charts, and informative articles about car insurance. At CarInsuranceComparison.co.uk, young drivers can shop and compare multiple insurance policies in minutes. This quote comparison website provides contact details for most major UK insurance companies, including Admiral Car Insurance, LV Liverpool Victoria, Halifax, and Norwich Union.

Examine the Policy’s Coverage

Car insurance is a major investment. Before you sign up for coverage, look at the excess and ask about the discounts provided. Visit the insurance provider’s website and double check the quotes. Ask whether there are any special offers or discounts for young drivers. CarInsuranceComparison.co.uk features a savings checklist that provides information about the most popular car insurance discounts.

When comparing car insurance quotes, evaluate each offer and contact the insurers you are interested in. Try to find out who is and isn’t covered under your policy. Does your policy apply if you rent a car? Can you cancel the policy anytime? Does the policy meet your state’s minimum levels of required car insurance? Are “good student” discounts available? Make sure you understand the terms and conditions of your policy.

Raise Your Deductible

Increasing your voluntary excess is a great way to obtain cheap car insurance for young drivers. The deductible is the amount that you have to pay towards any claim before the insurance provider will pay for the rest up to your coverage limits. The more you increase your deductible, the less you will pay on car insurance. Keep in mind that when you raise your deductible, you do increase your risk. Next time you will file a claim, you will be required to pay the amount of amount of your deductible. Make sure you compare policies that have the same deductible amounts and same coverage levels.

Complete an Approved Driving Course

Taking a defensive driving course will help you become a better driver, prevent car accidents, and lower your insurance rates. Many insurance companies reward young drivers with lower premiums after they take approved driving courses. Drivers under 25 can save up to 15 percent a year with a defensive-driving class discount.

Keep Your Car Safe

Car insurance companies determine your rates based on where you live and where the vehicle is kept. The best place to keep your car overnight is in a locked garage. When comparing car insurance quotes, you will need to specify where your car is parked. Some insurers do not provide coverage for cars that are parked in the street overnight.

Apply for a Good Student Discount

The definition of a good student may differ from one insurer to the next. Students who earn a B average or above on their report card generally qualify for special discount. Being a good student can help you save up to 20 percent on car insurance. Additional criteria may be used to determine your eligibility.

Limit Your Annual Mileage

If you use Car Insurance Comparison to get free car insurance quotes, you will see that many companies offer low mileage discounts. The number of miles you drive will affect the amount that you spend on car insurance. Young drivers who log approximately 7,500 miles a year can reduce their premiums with up to 12 percent. If you want to limit your annual mileage and receive the discount, consider the benefits of public transportation.

Adding safety equipment to your car and paying your premium in one lump sum can bring you massive savings. If you haven’t bought your car yet, choose a standard vehicle with a small engine. Fit an approved immobilizer and alarm, maintain a good driving record, and prove that you are a responsive driver. Make sure you compare several car insurance quotes from well established providers. The more insurance quotes you get, the more likely you are to find a comprehensive policy at reasonable rates.