subject: Cheap Young Drivers Insurance – Finding Less Expensive Insurance [print this page] 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.
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