Young Driver's Car
Insurance

Young Driver's Car Insurance

Young drivers usually find it hard to get a good deal on car insurance because of their age and their lack of driving experience. Other factors also include age of the car, type of car, size of the engine and the number of miles travelled in each year.

Younger drivers are reputed to be less rational and more spontaneous than mature drivers. Insurance companies will take this into consideration when setting their premiums

Young drivers like to personalise their cars by installing the latest stereo system, having alloy wheels put on, having tinted windows and a double chrome exhaust pipe put on. These accessories will affect the premium as the insurance company will consider if the car is at risk of being stolen.

Statistics show it takes younger drivers longer to recognise the nearness of danger, leading to a higher number of accidents. Younger drivers also do more night driving and carry more passengers. Some statistics suggest this causes more accidents and third party claims.

However, it is unfair to tar all young drivers with the same brush. Statistics are not always fair towards them. Not all young drivers are a high risk but the problems they face when they start driving is, eg they have no insurance history which means they don't have a no claims history to be looked at. Being new to driving means the first few years is costly while they try and build up their no claims bonus, because from the outset the do not qualify for any discounts.

The overall situation looks gloomy, but it's not that bad. There are now more organisations who offer policies specifically designed for young drivers. Most high street insurers used by your parents offer policies with extras like windscreen cover and courtesy car provision. Young car drivers insurers have streamlined their insurance policies to provide cover at sensible prices.

Don't get caught out by thinking that cheapest is the best, this isn't necessarily the case. Get everything mapped out right at the start to ensure you do not suffer an expensive and nasty surprise later on. Before signing up for a young car driver insurance policy, make sure you understand the terms and extent of insurance cover that is being offered.

The key is to do your research by going online. Look for ads that target young drivers and get as many quotes as you can to increase the chance of getting a cheap quote. If you have any questions ask a mature driver that you know for guidance. Another good source of information is the insurer's frequently asked questions page.