So, having just completed the process of learning to drive, you realise that there is yet another high cost of having to take out insurance. As you are a new driver on the road, prices will inevitably be higher for you than for an experienced driver, but here are some ways to ensure that the cost doesn’t spiral out of control, and how to keep the price down.
Choices for Young Drivers
What’s that car you’ve always dreamed of driving? Well young drivers, you’ll probably have to leave that on the backburner for a few years and take a more practical approach if you want to keep the price of your insurance low. According to insurelearnerdrivers research, the cheapest car to insure for young drivers is the new Ford KA. But there are plenty of other alternatives that will ensure that the price of your car insurance won’t spiral out of control. Check online what car group a vehicle falls into. The higher the car group, the higher the cost of insurance!
Telematic Car Insurance for Young Drivers
This requires the installation of a “black box” in your car, which can make your insurance cheaper, if you drive safely. It collects and analyses data on your driving, which is then used to offer feedback and to generate the cost of your future insurance, based on how safely you drive. Some can restrict the hours you drive, meaning you can’t drive late at night without being penalised. The advantage is that in the long term, it can provide you with cheaper insurance as you can prove that despite your age, you are a safe and reliable driver.
Keep it safe
The safer your car is, the cheaper your insurance will be. Make sure your car has an alarm/immobiliser and any other necessary security measures to limit the chance of your car being stolen. Where it is stored may also affect how much you pay, as it is much safer to be parked in a garage/driveway than on the side of the road.
Protect your Excess
If you want to remove the risk of having to pay your excess in the event of an accident, you should pay to protect your excess. It can also be worth looking at how much voluntary excess you want to put on your policy. The higher the excess, the lower the price you have to pay! But there is the risk of having to pay more in the event of an accident. Sometimes it can save you money to increase your voluntary excess and then take out an excess protection policy.
As cool as a spoiler on a Vauxhall Corsa may be, it may be best to avoid any modifications to your car if you want to avoid having to pay more for your insurance. Keep it in its original condition to avoid those extra costs.
Work out your mileage
Make sure you give an accurate estimate of your mileage. If you accidentally over-estimate, you may end up paying more than you should for your car insurance – a simple mistake that young drivers often do.
Become more qualified
If you have further driving qualifications, beyond the necessary theory and practical UK driving tests, you may find insurance companies will be prepared to offer you lower rates for your car insurance. Completing advanced driving courses can prove that you are a competent driver and thereby reduce the cost of your insurance.