Hey, are you a young Driver? you’ll need to buy your first car insurance policy, Before you can take to the open road. Because this is regularly the primary time removing cover. You potency be feeling a little daunted – but fear not, PostWilds is here to help You! Find out all you must to know about young drivers car insurance, including car insurance for 18-25 years old.
What is young driver insurance?
All Insurance companies proposed or offer a range of insurance policies that can help drivers aged 17 to 25 get a good deal on cover. All policies feature a excessive range of benefits as standard.
Why is car insurance for young drivers so Much expensive?
If you’re young driver or under 25 years old, your car insurance will be very luxurious because prices are calculated based on statistics and risk. Government info shows that 17% of all road traffic casualties were aged 17-24 in 2018.
Because young drivers are more probable to have an accident and make a claim, insurers balance out the enlarged risk with higher premiums. Your lack of experience wills also impulse up the price. You are a young driver, you’re doubtful to have years of no claims extra proving that you’re a safe driver.
How much is car insurance for young drivers?
Car insurance quotes for young drivers under 18 can be very costly. The average 18-year-old pays $7,179 per year in insurance premiums, which is $2,747 more than the typical 21-year-old at $4,453. The quotes you get rest on on your address, your car and the category of cover you go for, plus lots of other factors. Don’t assume that third-party only cover – the maximum minimal level of insurance – will be cheapest. Comparing policies is further important than ever when you’re at the beginning of your driving career.
How can young drivers get cheaper car insurance?
Getting the finest cheap car insurance for young drivers can feel like an impossible mission, but there’s plenty you can ensure to help keep costs down. From picking the correct car to increasing your excess, our tips go back to basics so that you can consider a wide choice of insurers, not just those that offer telematics or pay-as-you drive insurance.
1. Elite one of the cheapest cars to insure for young drivers
2. Steer clear of car modifications
3. Consider a black box policy
4. Pay per year, not per month
5. Consider increasing your excess
6. Think about the level of cover you need
7. Don’t assume third-party is the best insurance for young drivers
8. Add a popular named driver, but beware of ‘fronting’
9. Increase security and limit risk
What car insurance is best for young drivers?
Just approximating any other driver, you can pick from third party, third party fire & theft and comprehensive car insurance policies.
Third party policies deliver you with the most basic level of cover required by law, and will cover costs associated with the other driver in the event of an accident. This means if you want to replace or repair your car, the money will come from your own pocket.
The broad cover will bring you greater peace of mind when you’re on the road, even if it does work out marginally more than a third party policy.
Finally, Always be honest with your insurer
It’s tough having to remuneration so much for insurance during your first few years on the road, but it’s really essential that you’re completely honest when you apply for insurance. Lying about your term-time address if you’re a student, or who the focal driver of the car is because your parents occasionally use it, will nullify your insurance. The consequences of lying are staid – your insurance will be voided, and you could be sued for fraud.