Cheaper Car Insurance For Young Drivers
One of the greatest moments in a person's life
, is the day they become old enough to legally get behind the wheel of a car, particularly if it's their own car. Unfortunately, while this may be a wonderful moment for teenagers, parents feel very differently.First, every parent inevitably begins worrying about the safety of their child, and secondly, it's hardly a secret that insurance companies and young drivers don't go well together. With that said, there are several things that can be done in order to keep the cost of insurance down if you're just starting to drive for the first time.
1) Independent Policy vs. Parents Policy:
Car insurance for young drivers usually costs less if parents add their teenager's name to their own policy. On the other hand, if your teenager is being given a car of their own, or if they intend purchasing one shortly, it's usually best to allow them to take out their own independent insurance. On the downside, this approach will cost more, particularly in the beginning.
Of course, once they've made it through their first year without being involved in an accident, and without having submitted any claims, they'll benefit from their first 'no claims' bonus. After each year passes, the cost of their insurance will come down accordingly.
Basically, young drivers need to prove themselves in order to enjoy lower rates.
2) Make and Model of Vehicle:
Yes, everybody knows it costs more to insure a Porsche than it does to insure a Ford Escort, but how do insurance companies determine which cars cost more and which cars cost less. Generally speaking, insurance companies categorize all cars into different groups, based on several factors.
As a general rule of thumb, the higher the group, the more expensive insurance will be. In other words, it costs more to insure a car in group 15 than it does to insure a car in group 5. The difference in price is even more noticeable when there's a young driver involved. If you choose a car from group five, you'll find car insurance for young drivers actually starts becoming quite affordable.
3) Pass Plus Test:
If your teenager passes the Pass Plus Test, most insurance companies will be willing to offer an additional discount, simply because he or she has shown they were willing to go the extra mile in order to become a better driver.
4) No Modifications and/or Accessories:
As a young driver, insurance companies already view you as being high risk, so the last thing you need to do is to make the situation even worse. If you're a young driver you need to avoid all those fancy accessories such as alloy wheels and spoilers. Even though it may not be exactly true, you'll be giving off the wrong impression to insurance companies. The bottom line is keep you car as standard as possible. Not only will insurance cost less, but there's also less chance of you loosing your car to thieves.
The cost of car insurance for young drivers can be reduced even more if the car has an approved car alarm installed. In fact, almost all anti-theft devices will help to keep the cost of cover down. Lastly but not least, if you don't expect to be driving more than a certain number of miles, let your insurance know. Limited mileage cover can result in substantial savings, but at the same time, don't be tempted to provide a false estimation.
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