Cheap Young Drivers Insurance – Finding Less Expensive Insurance

Cheap young drivers insurance is very hard to find. Since drivers between the ages of 17 and 25 are considered to be high risk, insurance companies will raise the premiums extremely high. It is all due to the statistics involved with younger drivers, which the insurers use to arrive at the premiums they will charge. The statistics make finding cheap young drivers insurance difficult because they show very clearly that insuring young people is very likely to cost the companies more in claims and payouts.

Young People – Driving Statistics

The reason it is difficult to find cheap young drivers insurance is all due to the known facts about teenagers and new drivers in particular. Here are some facts about younger drivers:

Drivers between 17 and 25 account for about one third of all the road fatalities in the UK.

One in every five new drivers will have an accident during their first year of driving.

Young people have more incidents with their vehicles in the early morning or in the evening hours and these are usually single vehicle accidents.

Seventeen to twenty one year olds make up 7 per cent of the holders of drivers licenses, but account for thirteen percent of the drivers who are involved in accidents that lead to serious injuries.

Youngsters are frequently involved in accidents where excessive speed is a major factor in the cause of the accident.

Peer pressure from friends, alcohol, and fatigue are other contributing factors which frequently feature in accidents involving younger drivers.

Ways to Lower Young Drivers Car Insurance

The good news is that there are a few things you can do that will help to make your car insurance a little cheaper. Follow this advice to bring down the cost of premiums and get relatively cheap young drivers insurance.

Buy a small engine car to begin with, because the smaller the engine the cheaper your insurance will be. It is important to stay away from high performance and fast vehicles, as these will always present a higher risk and therefore cost more to insure. So stick to smaller vehicles and this will make a significant difference.

Buy a reasonably low priced and second hand vehicle for your first car if you are a young person as the lower the value of the car the less it will cost in premiums. Remember to keep the engine small and look at the insurance group of the car you are interested in. Always check the engine size and contact the insurance company for a quote before actually going ahead and purchasing the vehicle. The slightest difference in the motor can make a big difference in your insurance premium. By getting quotes before buying the car you could save a lot of money in insurance costs.

Pass Plus Discount Will Save You Money

It is a good idea for all young drivers to consider taking the Pass Plus training programme. Most of the insurance companies will offer a twenty percent discount to all young people who have passed this programme, so that can be a significant step towards finding cheap young drivers insurance. The Pass Plus programme consists of six lessons in which the instructor will assess your driving skills throughout the course. There will be not test at the end of the programme.

Internet companies will often offer a 10 per cent discount to help you get cheap young drivers insurance also, so shop around on the internet for good companies. There are ways to reduce your insurance if you are a new driver.

How to Get Cheap Young Driver Car Insurance

Getting a driving license is an important step in life. Unfortunately learning to drive can be an expensive business.

A provisional license will set you back £50 for a start. Depending on where you live, an hour’s driving tuition will cost between £20 and £30 per hour and you’ll probably need a few dozen of these. Getting tested will cost you in the region of £100 – if you pass first time.

Estimates vary but it’s quite likely that the average learner driver will end up spending well in excess of £1,000 in pursuit of their driving license. That’s a lot of money when you are 17.

Using a family members car is an excellent way to get some crucial practice hours under your belt so it’s not surprising that more and more learner drivers take up the option of learner driver insurance. Learner driver insurance allows the learner to hold their own insurance policy, freeing them up to get the valuable practise they need without risking the owners policy, no claims bonus, excess and premiums.

It can still be an expensive business though, so following our guide to cheap young driver insurance can help you to get out on the road without breaking the bank.

  • If you’re lucky enough to have the choice and a car of your own, make sure you choose a car in a low insurance group. It’s obvious and basic, but it’s also the single most important thing you can do to get the premium down. The BMWs, Audis and Porsches will have to wait I am afraid, for now small is beautiful.
  • If you are lucky enough to get a car of your own, resist the temptation to modify it. Non-standard parts like alloys and spoilers can actually make the car less stable to drive and are not looked on favourably by insurers.
  • It pays to opt for the highest excess you think you could reasonably afford. Increasing the excess on your policy reduces the exposure of your insurer, you simply pay more of any damage incurred and the insurer pays less. It’s another simple, basic step that can significantly reduce the cost of your policy so think carefully about your excess.
  • Finally – ask an expert. Insuring a learner driver is more complex than standard driver insurance, the risks are higher and the rating factors more complicated. You need a competitive policy that’s uniquely tailored to your individual needs and circumstances. It pays to take your business to a specialist broker who can guide you through the intricacies of cheap young driver insurance.

Learning to drive does not have to cost the earth if you take a few sensible precautions and speak to the right people. Getting learner driver insurance is a great way to gain the practice, confidence and skills you need to pass your test first time so follow these simple steps and best of luck!

Cheap Insurance for Young Male Drivers – Guide to Buying – A Simple 5 Step Guide to Saving Money

When it comes to finding cheap insurance for young male drivers there are some things that you need to do in order to look more favorably in the eyes of insurers. This is because as a young male you will be lumped in statistically with a segment of the driving population that is responsible for the most vehicle accidents and the most claims filed. Insurance companies are going to want to charge you more than they would women or even men that are over 25. The following is 5 easy steps you can take to ensure that you won’t be taken for a ride on your coverage costs.

The first step to saving money on cheap insurance for young male drivers starts at the car lot itself. Before you even purchase a vehicle you must take into consideration the insurance implications of different automobiles. If you decide to buy through financing then you will be required by your auto-loan company to have full coverage on your vehicle. This protects their interest as well as yours. But, if you are able to buy a car outright then you will only be required to have your state’s minimum liability insurance and this difference alone will save you some serious coin. So if it is at all possible, drive a car that’s paid for.

The second step to getting a good deal on cheap insurance for young male drivers is to forget about the bells and whistles that can accompany or be added to a vehicle. Don’t go crazy with a lot of flashy after-market additions such as rims and high-end stereos to your car because doing so will make your car more of a target for thieves. Keep your rates low by sticking with the from-the-factory accessories and don’t go out of your way to make you car stand out.

The third step to finding cheap insurance for young male drivers is to become proactive about protecting your car. While not adding flashy after-market equipment to your ride is good for not bringing attention to it, the truth is that auto-thieves will still take a vehicle that isn’t protected. A good way to protect your ride is to use hi-tech anti-theft devices such as lojack or lo-tech devices such as steering-wheel locks. You could qualify for a discount on your policy for using these devices or you could eliminate the need for theft protection on your policy if you make it a habit of using them, either way you would be saving money.

The fourth way to save on cheap insurance for young male drivers is by putting safety at the top of your priority list. Start off on the right foot by practicing good driving habits and you will be able to qualify for major discounts as you continue to show your insurers your commitment to safe driving. Insurance companies are offering lower deductibles to clients that stay accident-free in 6-12 month increments. By driving well, not only will you save on policy costs but you will also save by not having to miss work due to injury or time in jail.

The final way to save on cheap insurance for young male drivers is to reduce your driving. I know this sounds crazy but it is an excellent way to get discounts on coverage. Insurance companies offer low-mileage discounts to those clients that only drive a certain distance away from home in a given year. You could talk to an agent about specifications and parameters surrounding this money-saving technique to see how you could make it work for you. These are just a few ways to save on your insurance coverage and I hope it was helpful to you.