Young Drivers: A Guide to getting cheap cover for persons under 25
A worldwide constant is that young drivers are unpredictable, and they’re much more likely to get into an accident. For this, they pay a premium for their automobile insurance coverage. However, the range on that premium can be quite wide depending on a number of factors. Just because you’re young, doesn’t mean that you have to resign yourself to paying a lot for coverage.
Why Do Young Drivers Pay More for Their Car Cover?
The insurance companies calculate car insurance based on probability. You may be the safest driver on the road, but the insurance companies have no way of knowing that yet. Therefore, if the statistics say you’re a 10% risk, then you’re going to pay a premium based on that risk.
What Are the Mistakes That Young Drivers Make?
New drivers are impatient by nature, and their instinct is to rush out, and get everything completed as quickly as possible. It’s understandable because you are excited. We have all been there. However, that impatience is exactly what will earn you an exorbitantly high insurance rate. Patience is the key, and you are going to need to do a great deal of shopping around in order to get the best rate.
How Can Young Drivers Find Cheap Coverage?
As we mentioned, patience and comparison shopping are vital. A Broker comparison service is a great way to research a large number of insurance brokers at the same time. You fill out all of the pertinent information just once, and then you receive quotes from nearly one-hundred insurance brokers. Not only is this a great way to find the cheapest quotes, it is an excellent way to see where the flexibility in the rates exists.
What Type of Car Insurance Is Best For Young Drivers
The absolute best car insurance a young person can have is to be on their parents’ insurance. This gives the young driver an opportunity to build up a good driving record while paying the lowest rate possible. If you have to have your own insurance, then it is critical to have the appropriate insurance for the car as allowed by law. For instance, if you drive an old car with very little long-term value, then there is not a lot of sense in paying for comprehensive or additional coverage types, such as fire and theft. On the other hand, if you are driving a brand new vehicle, that the additional premium is well worth it.
How Can a Young Driver Keep the Rates Low?
It is important for a young driver to understand that it does not take long for them to lower their rates substantially as long as they maintain a good driving record. This is a relatively easy task for the young person who is not reckless. However, you can do yourself some other favours as well. Avoid the fast cars with expensive insurance premiums until you are older. Focus on small, economical vehicles. Secondly, take the Pass Plus test. This is an advanced driving course that will earn you a discount with most insurers.
Remember that as you continue along without making a claim, you build up a no claims bonus that will earn you a discount on all future car insurance premiums.