Car insurance for new and young drivers is known to be notoriously expensive. There are several reasons why car insurance providers feel that they can charge more for new drivers, and that’s because they’re deemed as more at risk.
This is because they are inexperienced on the roads and are more likely to be involved in incidents and accidents while driving. While this may seem unfair to new drivers having to pay more for their car insurance, it is something which is pretty much unavoidable.
However, there are a few ways that you can help to keep costs down when it comes to insurance. Here’s a guide on how to get cheaper car insurance for new drivers.
As new drivers are deemed to be more at risk, insurance companies themselves are unwilling to take the risk of having to pay out for claims, so they calculate the cost of insurance for new drivers and price it much higher than other drivers’ premiums.
Car insurance for new drivers is also expensive as they haven’t had the experience or chance to build up their no-claims bonus yet – which is something that can significantly help to reduce the cost of car insurance.
Below you can find some of the most effective ways on how to get cheaper car insurance for new drivers.
It goes without saying that the more affordable the make and model of car that you choose, the more affordable your car insurance is likely to be.
Cars that reside in lower insurance groups (1-6), as laid out by the Group Rating Panel, have smaller engine sizes and are much cheaper to insure than larger cars with bigger engines.
It might be tempting to go for a more top of the range car, but chances are that you won’t be able to afford the extortionate costs that come with buying, insuring and paying for petrol of that type of car.
Blackbox policies have become increasingly popular over the years and for good reason; they can help to significantly reduce car insurance costs.
They work by having a small box fitted to your car, which then monitors the likes of speed, mileage, braking and general handling of the car.
If you’re considered to be a safe and capable driver, then you can expect your car insurance costs to be significantly cheaper.
Adding a named driver to your car insurance policy as a new driver can help to reassure your insurance provider that you won’t be the only person responsible for driving the car; which in turn helps to keep costs of car insurance down.
Increasing your policy excess is also another way to get cheaper car insurance as a new driver. It involves the up-front amount you must pay when you make a claim.
While this can help to lower the cost of your premiums, it also means you must be sure that you can realistically pay the lump sum up-front if you need to make a claim on your policy.
This point naturally goes without saying but keeping your car as secure as possible can really help you to obtain cheaper car insurance.
Simple things such as installing an alarm or immobiliser system to your car or parking your car off the street such as in a safe and secure garage can result in your car insurance quotes being significantly reduced.
It might seem unlikely to be able to do this, especially for young drivers, but paying for your car insurance annually as opposed to monthly can really help to reduce the cost of it.
This is because you’ll avoid extra costs such as monthly interest that you’d have to pay if you pay in monthly instalments.
Car insurance for new drivers really isn’t cheap and can set you back nearly £2,000 a year. However, if you remember to take the necessary steps, then you can help to reduce the cost of your car insurance as much as possible.
Consider opting for a Blackbox policy and make sure you keep your car as secure as possible in order to obtain cheaper car insurance.