subject: Finding Affordable Car Insurance For Young Drivers [print this page] . Who could blame you if you're sick with worry? To make matters even worse, he cannot drive on any public road unless he has the proper insurance in place, and let's face it; it's no secret that insurance companies and young drivers don't go well together.
Until your son turns 25, insurance companies are going to consider him as being a high risk driver. While this may seem unfair, statistics show that young drivers are four times more likely to be involved in an accident than what older drivers are. As a result, finding car insurance for young drivers can often prove to be quite challenging.
Even so, finding affordable cover for a young driver is certainly not impossible. Rather than waste any more words, let's take a look at some of the steps you can take in order to keep the cost of cover down.
Whose Car Will They Be Driving?
Many parents are happy to let their children use one of their cars, and in that case, they can simply add their child's name to their existing policy. This is certainly a cheaper option than taking a separate policy out, but of course, much will depend on the type of car you own. If you own a very expensive type of car, and one which will cost a lot to repair or replace, including your son or daughter on your policy may not be the best option.
In some cases, it would work out cheaper if you bought your child a car of their own. That way you could focus on buying a low profile car in order to minimise the risk of theft. You could also avoid sports cars and cars with big, powerful engines. Car insurance for young drivers is far easier to obtain if you limit yourself to small second-hand cars. That flashy V6 Turbo can come later, but for now, a bog standard car will have to do if you really want to find cheap cover.
Safety Features:
When you're shopping for a second-hand car, try to find one which has as many safety features as possible. Most insurance companies see this as a sign of maturity and responsibility on behalf of a young driver and in many cases they are will to reduce their rates.
Say No to Thieves:
Don't even consider purchasing a car if it hasn't got an alarm and an immobiliser. Thousands and thousands of cars get stolen in the UK each year, so of course this is something which insurance companies take very seriously. If you can show that you've taken adequate steps to minimise the chances of the vehicle being stolen, the premiums are going to cost you less.
Raising the Voluntary Excess:
Just because the insurance company doesn't trust young drivers, that doesn't mean you have to feel the same way. In fact, you know what sort of personality your child has, and if you know your son is a level headed young man who is unlikely to act irresponsibly, you could always consider having the excess raised. While this means you'll be expected to pay more in the event of a claim, it does have a huge impact on the cost of cover.
These are just a few basic things you can do in order to keep the cost of car insurance for young drivers down, but of course you should also inquire about any available student discounts etc. Above all, always make sure you get as many quotes as possible because some insurance providers are known to be more lenient than others.
by: Tom Jones
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