The reason new and young drivers car insurance is so expensive is simple; young and new drivers are a far bigger risk to insure than the average car driver. Newly qualified UK drivers are more likely to have an accident during their first year of year of driving 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 license holders, but are involved in 29% of accidents.
The following tips will help reduce the cost of young drivers car insurance:
1) Pass the Pass Plus driving exam. This is an intensive training course which improves the driving skills of new and young drivers. Most car insurers will offer a discount of up to 35% to anyone young driver with a pass plus certificate.
2) Adding a named older driver to your car insurance policy, i.e. your parents, can save you 10% on your insurance premium. Likewise, avoid having younger named drivers on your policy.
3) Pay your car insurance annually. It costs less to pay your premium in one go than it does to pay it off in monthly installments. If you do pay by installments then most car insurance companies will charge an interest of around 15% APR which can add an extra •£100 to your premium.
4) Increase the excess that you volunteer to pay. All car insurance companies demand you pay a minimum amount towards any insurance claim. As a rule the standard amount is •£200. If you volunteer to pay a higher amount you could save on your car insurance premium.
5) Beef-up your car security. Thatcham approved car alarms are recognized by all insurers and most will discount your premium if you have these fitted. If you have a garage then use it. Your car is less likely to be stolen from your garage or from your drive than if it is parked in the street. Insurance companies will recognize this and offer cheaper premiums.
6) Be female. Car insurance for women is cheaper. Why? Because the average female is a safer driver than the average male.
7) Buy your car insurance policy online. Most car insurance companies offer a discount of around 10 % if you buy online.
8) According to the Association of British Insurers it is possible to save 35% on a young drivers car insurance premium by simply comparing several insurance companies against each other. As young drivers such a discount can be considerable. So get as many insurance quotes, online or otherwise, as you can. It will save you money.
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If you're anything like me, you'd love to reduce your auto insurance premiums yet not reduce the protection you get. But do you have insurance agents as friends? I do. Two of them. So, after doing some research online, I talked to them about my findings. My findings were many. Your premium's decided based on who you are (your driving, credit, claims history), the car you want to insure and where you live. Which makes perfect sense to me.
Car insurance rates for young drivers is typically quite expensive. Insurance companies determine the premiums to charge on their policies by how risky a situation is. In the case of auto insurance, companies will base their policy costs on how risky they see the driver and the vehicle being insured. Younger drivers, especially teenagers in the 16-18 year ago group, historically have some of the highest rates of getting into motor vehicle accidents. This means drivers in this age group are deemed so risky by insurance companies, they normally have to pay much more than drivers in other age groups who are insuring the same kind of vehicle.
No matter how silly and unnecessary this might sound, some people need to be reminded over and over again about the importance of having their car insured. Most drivers will never allow this to happen, but there will always be exceptions, people who will avoid any expenditures on insuring their car.
There are auto insurance companies who will take big bucks out of your pocket. In today's situation, everyone is trying to save here and there, where the insurance is only one of the ways. The truth is, there are types of auto insurance and companies which will not rob your for what they will offer. Some of them use it for promoting business by offering lower priced policies in time of economic crisis, making more customers and helping people. Whether you are looking for affordable agency for insuring your vehicle, it is an expense you have to count on.
Getting your vehicle insured properly is time-consuming if your conduct it via regular agencies, but most driver never skip to insure their car anyway. A short amount of time spent on the Internet will prove excellent if you want to avoid those lines, annoyance and waiting time. It is not only rapidly resolved, it will also save some money in your pocket. Since this is a necessity for all possible cases of incidents and accidents on the road, getting online insurance must be considered as a good option to take care of such expense.
It is logical that higher premiums have countless benefits, although practically everyone is deciding to choose the cheaper versions of auto insurance. These are simple and indisputable facts. Being in economy crisis and feeling it all over, you simply cannot save on everything by having the cheaper variants.
