Reduce The Cost of Car Insurance For Young Drivers
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Car insurance for young drivers in the UK can be incredibly expensive. However, there are a few ways you can reduce the costs and find cheap car insurance for new drivers.
Reducing The Cost of Car Insurance For Young Drivers
This post is going to take a look at a few of the ways you can get cheap insurance for new young drivers and hopefully save some cash.
Always Compare Prices
When it comes to insurance, the absolute best thing to do is compare quotes from different insurance providers. Compare Market Insurance is a good place to start. Make a note of the best offers and go from there.
Make sure each provider offers the level of cover you’re looking for and it’s worth remembering that third party insurance isn’t always the cheapest option. Around a month before your policy is due for renewal is when you’ll find the cheapest prices.
Be Truthful
While it can be tempting to tweak a few details to get the best possible price, it could land you in hot water further along the line when your insurance is invalid because there are things you didn’t declare, such as modifications to your vehicle.
However, the one area it could be worth changing is your job description. For example, changing from ‘Chef’ to ‘Catering Manager’ could see a difference in price, even though they are the same job.
Add a Named Driver
Adding a named driver is one of the best ways to reduce the cost of car insurance for a young driver. It needs to be someone who would likely drive your car at some point, such as Mum, Dad or an older brother or sister.
It might take a little bit of trial and error to figure who would be best to add but typically the older the person and the better their driving history, the more likely they will reduce the cost.
It’s worth noting that doing this in reverse, listing someone as a named driver when actually they will be the main driver is illegal and classed as insurance fraud.
Try An Advanced Driving Course
An advanced driving course, such as Pass Plus can sometimes, although sadly not always, reduce the cost of insurance for younger drivers. Before investing in the course, it’s worth doing some comparisons to ensure it will save you money on your premium.
Young drivers that have taken these courses are often considered safer by insurers and therefore less of a risk.
Loyalty Rarely Pays
Finally, never ever let your insurance auto-renew. While it’s easy to assume the cost will go down, especially if you’ve not made any claims, the reality is renewal quotes are almost always more money. A year later, you may not even remember how much you paid, so it might seem like a better quote than it actually is.
Most companies will lower the premium when you phone them, but personally, I don’t like being loyal to a company that tried to charge me more when it didn’t need too. Get back on a comparison website and find a better quote elsewhere.
And there we have it, several ideas that could help you find cheap insurance for new drivers.
So, what is the cheapest car insurance for young drivers?
To be honest there is no particular company or place I could name that is the cheapest. Insurance companies work on many different criteria so the best advice I can offer is:
- Always use a comparison website and never auto-renew.
- Consider the cost of insurance when buying a first car, the smaller the engine size and older the car, the less the insurance will be.
- Pay in full if you can, rather than monthly instalments.
- Make sure insurance companies can identify you by making sure you are resisted to vote via the electoral roll.
- Add ons such as breakdown cover and windscreen protection may not be needed or could be cheaper elsewhere, don’t add them unless you really need to.
