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When buying young drivers car
insurance it is essential to compare
quotes from at least three different car insurance companies
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Car Insurance Coverage
For Young Drivers
If you are under 25 then you are
classed as a young driver in terms of car insurance.
Unfortunately this means paying higher premiums.
This is down to the fact that
statistically young drivers have more accidents and make more car insurance
claims than other drivers.
After the first few years of car insurance, providing a clean driving record has been maintained,
and no claims have been made, car insurance premiums typically reduce.
For any car insurance policy, one factor influencing the cost to insure a car is the
vehicle’s insurance group rating. Different makes and models are grouped into
categories depending on the risk factor in underwriting the vehcicle. The
higher the category, the higher the car insurance premium.
Young drivers facing costly car insurance premiums can avoid extra
expense by buying a car with a lower insurance group rating. Generally these
tend to be cars which have smaller engines. Sports cars and modified cars are
best avoided as these are more costly for anyone to insure, let alone an under
25.
Alternatively, a young driver can be included on his or her parent’s car
insurance policy as a named driver. This option costs less than
that associated with a young driver insuring a car in their own name and
is popular with under 25’s who have just obtained their licence and have not
yet purchased a car.
