Tag Archives: Young

Car Insurance – Insuring Young Drivers

Posted by on April 22, 2012 No comments


It is well known that young drivers are perceived to be high risk when it comes to accidents.

With an increasing number of accidents involving young drivers aiding in pushing up premiums for the rest of the insurance world, the stigma associated with young people on the road seems sure to continue.

Naivety and lack of judgement can often lead to incidents, and research suggests that being involved in a car crash came top in a list of causes of death for those aged 15-20.

Because of the stigma surrounding certain age groups, finding affordable car insurance can be a nightmare experience for those who’ve only just passed their tests.

With many car insurance companies wary of insuring young drivers because of the risks involved, finding a quote for the first time to cover a newly-qualified driver can be a very costly process. Many will simply refuse to insure those at-risk groups and focus on specific types of customers.

However, there are a couple of steps that can be taken to try and reduce first-time premiums for new drivers:

By taking a Pass Plus course after passing their driving tests, young drivers have the opportunity to gain experience in areas such as night-time driving, motorways and driving in bad weather conditions. Many insurers will take Pass Plus qualifications as part of the application, and it could help with the quest for cheap car insurance.

Make sure their first car is not too expensive and/or powerful – while it may not be the hot-rod they were expecting, it can help to save money in the long term. And the more careful the driver, the more no-claims bonus can be accumulated, leading to a drop in premium prices in future.

It’s advisable to compare car insurance premiums carefully when searching for affordable quotes, and also for renewals – for many insurers may not offer incentives for loyalty.

Car Insurance Tips For Young Drivers

Posted by on April 20, 2012 No comments


Many newly-qualified motorists may find that insuring their vehicle is the most expensive part of driving if they are aged under 25-years-old. Premiums are a reflection of the risk that drivers pose whatever their age but the under-25s can benefit from shopping around for young driver car insurance . A recent study by the University of Southampton confirmed fears that accidents are more likely to happen to the younger driver. Figures put the probability of motorists aged 17 to 20-years becoming involved in an accident at five times the level of older drivers. Further statistics showed that seven per cent of this age group were confirmed as \”good\” drivers in tests while 34 per cent were considered \”bad\”. Insurers raise premiums levels to take account of the probability of young people damaging their car but cheaper deals can still be found when shopping around. In addition, several insurers provide extras which appeal to younger drivers such as paying premiums in instalments. All insurers vary the cost of premiums depending on a number of factors and this can help direct motorists towards less costly options. For instance young drivers can opt for the lowest level of cover offered by insurers which is Third Party. These policies pay for damage caused to another vehicle but does not cover for repairs to the driver\’s car. A popular choice is Third Party Fire and Theft which is a step-up in protection as it also pays out if the driver\’s car is set on fire or stolen. This policy is often used for cheaper cars because it does not provide funds to repair the driver\’s vehicle if it is damaged in an accident. If drivers want to spend a little extra on a policy which protects against damage to their vehicle then they should opt for Fully Comprehensive cover. In addition to having the highest level of protection, many insurers include extras in this policy which can appeal to drivers. These can include payments should a driver become incapacitated through an accident or if they and their passengers require medical treatment. Building up a no-claims bonus is another way to reduce premiums as once drivers prove they are less risky their policy price falls. For younger drivers who cannot yet afford to buy their own policy they can opt to be a Named Driver on their parent\’s insurance. By shopping around drivers can find insurers that offer reduced premiums for those drivers who have not had accidents while being a Named Driver.

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