Cheap Car Insurance For Young Drivers
For a young driver, finding cheap car insurance can feel like an impossible task. Due to younger drivers being, statistically, more likely to be involved in an accident this has a huge effect on the cost of their car insurance. However, there are things you can do to help to keep your insurance as low-cost as possible.
Tips for lower premiums:
Pick a cheap car!
Every car for sale will belong to one of 50 different insurance groups and the cheapest cars for younger drivers will be within the first 5 groups. They may not be the most attractive vehicles or have the highest speed capacity, but they will have the lowest insurance costs. These groups include models such as; Skoda Fabia Hatchback and Estate, Nissan Pixo, Ford Fiesta and the Citroen C1. You can find the cheapest cars to insure this year here. Auto Express
Choose your payment method wisely.
The average car insurance premium is well over £900 so it is often extremely tempting to stagger payments, rather than pay the amount in one go. However, if you can do then opt to pay yearly, not monthly, as this could save you a substantial amount in monthly interest charges.
Consider what cover you actually need
There are different types of cover available, such as third-party cover, which is the cheapest type of cover and the most basic. Comprehensive cover is more expensive, but it does cover everything. You should think of how often you plan to drive and the distances you will cover, as well as what kind of superficial car damage you could put up with and what kind of insurance you could actually afford.
Add a named driver to reduce your premiums
Car insurance costs can be reduced if you add an additional named driver to your policy – particularly if they are an older and more experienced driver.
Increase your security
You may be able to find much cheaper cover if you add extra car security features, such as immobilisers or alarms. Your insurance will be cheaper still if you can park away from the street overnight, for example in a driveway or garage.
Where to find your car insurance
Price comparison websites are a great way to find the most suitable, and affordable car insurance for you as a young driver. You can see instantly the type of cover different companies will offer you and how much they will charge. Many websites, such as Money Supermarket also provide advice, guidance and free quotes with the ability to start your insurance claim online.