Guide to Young Driver Insurance
The Flux Babes do our Lee a cracking quote.
With the help of Adrian Flux, we’ve put together this comprehensive guide to insurance for young drivers to help you get the best deal possible on your car insurance – from what car to buy to where you should live, it’s all here.
WHY SO MUCH?
Insurance premiums are related to risks, and young drivers are the highest risk category out there, simply because they make the most claims. The young driver category is also a restricted market, as less and less companies are prepared to take on the risk of insuring a young driver.
The Fiat Punto. Cool, easy to mod and insurance friendly.
HOW TO GET THAT PREMIUM DOWN…
1) CAR CHOICE
Okay this is pretty obvious – you shouldn’t be thinking Skyline or Supra for you first ride, but there is a golden rule to getting the perfect first car. You might think that the 20-year-old Fiesta you bought off your brother for 50 notes will be the cheapest option to insure, but you’d be wrong.
The ideal situation is to get a car that’s around 10-years-old and valued at about £1000. The insurance company wants to know that you’re going to respect your car because it’s of value to you, but on the flip side anything too new and too expensive could become a costly claim for them. It’s a balancing act people, so learn to walk the tightrope.
2) DRIVER COURSES
This is no myth – insurance companies love driver courses and can give discounts of up to 15% off young driver premiums, which is a sizable chunk when paying big money. The Institute of Advanced Motorist’s NVQ (soon to be QCF) in Safer Driving is a good one, along with Pass Plus. Ask your insurance company which one they support and get it done.
3) LIMITED MILEAGE POLICY
Again, it’s not rocket science, but the less you use your car the less risk there is of you crashing it. This is a great way of getting your first year’s policy down before you can get that all important one year’s NCB under your belt.
4) GARAGE IT!
If you’ve got access to a garage, use it! Again you can see a decrease of around five to 10% in your annual premium.