Insurance – Young Drivers Can Get Cheaper Car Insurance
As soon as you are old enough to pass your driving test and drive your own car you
are naturally itching to get a set of wheels and head off into the sunset. Sadly the cost of car insurance often puts something of a damper on proceedings, as it is usually prohibitively expensive.It is worth understanding why it is so expensive in the first place, as this can help inform what steps you can take to reduce that cost. Insurance as all about risk and companies base their premiums on the perceived risk of you having an accident and them having to spend money on your claim. The more likely this is to happen, the more they want to charge you for insurance.
But you think you are a good driver and how can they possibly know you are a high risk? Well it all comes down to statistics and you will be judged on the past performance of people who fit your profile. The unfortunate fact is that young people, and young males in particular, are far more likely to have an accident that a middle aged person.
There is no getting away from hard statistics like the fact that one third of all fatal accidents on the roads are caused by drivers aged between 17 and 25. There are lots of factors involved in why young drivers have more accidents, but there are obvious connections too with the ways young people in general are using cars compared to the ways most older people use them. For example, you can see how regularly driving groups of friends between social events is more likely to lead to excessive speed or showing off than going to and from work on your own every day.
So the biggest factor in bringing down your premiums will be when you can demonstrate to the insurance company that you have been driving for some time and have not had any accidents. That is clear proof that you are a good driver, but you cannot do that from day one, so what other steps can you take?
The other things that directly affect the cost of your insurance are to do with the car that you propose to drive. The more expensive the car, the bigger your premium, the bigger and faster the car, the bigger your premium, the higher the insurance group of the carwell you get the picture. So, while it may not be the most welcome news for young people, the main way to bring your insurance cost down is to go for a small, inexpensive car from a low insurance group. With a cheap older car it is less vital that your insurance is fully comprehensive, so just go for third party insurance, which will cost you less.
Insurance Young Drivers Can Get Cheaper Car Insurance
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