Car Insurance For Young Drivers
Car insurance can be expensive – especially if you are young, unproven, and have yet to built up a no claims bonus. If you are in your teens or twenties, you will usually have to pay more than older drivers for your car insurance, and that is just a fact of life. That said, there are certain things that you can do to keep car insurance down, no matter your age. These money saving tips can be even more important if you are looking for car insurance for young drivers.
Compare Car Insurance for Young Drivers With Money Pug
First off, one of the best things that you can do to keep costs down when looking for car insurance for young drivers is look for the best deals. Money Pug’s comparison site makes it easier for you to check out all your options and find the very best and cheapest car insurance for your drivers. When you compare prices and look at all the options on this website, you are taking the first and most important step to getting the right level of cover for your needs at the right price.
How Can you Save Money on Car Insurance for Young Drivers?
- Other than doing your homework and comparing the best deals with Money Pug, there are also a number of other things that you can do to help keep costs down. For example you can:
- Choose your vehicle carefully. (Choose something small and safe.)
- Consider black box insurance.
- Take extra qualifications like Pass Plus.
- Consider joining a family policy, or being added to someone else’s insurance as a named driver.
Why Are Young Drivers Charged More for Car Insurance?
Unfortunately, there are very good reasons why it costs more to get car insurance for young drivers. 23% of 18-24 year olds have a crash within the first two years of passing their test. Drivers aged 16-19 are two times as likely to have a fatal crash than drivers aged 40-49. Drivers aged between 17 and 19 make up just 1.5% of license holders in the UK, but are involved in 12% of all serious or deadly road traffic accidents. Unfortunately, these statistics mean that insurers will charge young drivers more than their older counterparts. Even if you are the best and safest driver in the world, your age will, unfortunately, be counted against you when it comes time to get a quote.
Will I Have to Pay a High Excess as a Young Driver?
Another thing to check when comparing insurance for young drivers is what the excess is. The excess that you will have to pay when claiming on your policy can, unfortunately, often be high in policies for young drivers. For example, those under 21 often have up to £400 compulsory excess, while those under 25 can still face a compulsory excess of up to £250. Look out for lower compulsory excess to keep the cost of claiming on your policy down.
Car Insurance For Young Drivers FAQs
We include every UK Car insurer that offers insurance for the Car. They are all regulated by the Financial Conduct Authority.