Getting your first car is an important milestone in every young driver's life. The freedom your first set of wheels will afford you is exhilarating, however, you're likely to be in for a shock when it comes to your first insurance quote. Insurance companies are notorious for extracting as much as possible from young drivers.
There are a number of reasons for this:
- Newly qualified UK drivers are FAR more likely to have a crash within their first year 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.
So from these statistics, it's easy to see why young drivers are discriminated against when it comes to premiums! However, there are a number of things you can do to help bring your premium right back down. Here are our young drivers insurance tips...
Take the "Pass Plus" Driving exam - This exam is designed specifically with newly qualified drivers in mind. Successfully passing this intensive course could net you up to a staggering 35% off your premium.
Pay a higher excess - If you volunteer to pay an excess on any claim you submit, this can bring your premium right down, as it makes the insurance company liable for less.
Pay your premium in one go - This is perhaps a no-brainer to some, but paying your yearly premium in one lump sum will save you a decent wedge on payments. Every penny counts! We hope these tips helped you find Young Drivers Insurance Tips