Car Insurance for Young Drivers

Owning a car of your own is probably what most young people would like but don't realise just how expensive such a luxury can be. First there is the expense of the driving lessons that can cost anything from £18 to £20 per hour. Depending upon how long it takes to pass the Driving Test this could easily amount to thousands of pounds. On the plus side most young people soon pass their driving test unlike older people where it can take several attempts as well as several years in some cases. Of course, once they have passed the Driving Test the next step is to buy a car. Having bought the car probably with a little help from their parents they need to get the car insured. In England the Law states that every car on the road should be covered by at least third party insurance. This will cover the car owner for any accident they might have or any accident that involves another person. Third party fire and theft insurance will cover for if the car catches fire or sets some other person's car on fire. It will also cover if the owner's car is stolen for the current value of the car at the time of the incident. Fully comprehensive insurance will cover for almost all eventualities such as a broken windscreen and protection of your no claim bonus.

Getting cheap car insurance if you are a young driver is extremely hard to find and many will have to pay almost double that an older experienced driver will pay. The reason for this is that a younger driver is seen as more at risk of having an accident. Young people are more likely to want to show off to their friends by driving faster than they should which leads to more accidents. A third of all fatalities on the roads are caused by young drivers under 25 years old. Someone who has just passed their Driving Test is more likely to have an accident within the first two years. Young drivers are more likely to have their car vandalised or stolen. All these facts have been proven which leads to the cost of car insurance for young drivers being so high. So how can a young driver get a good deal and still have adequate car insurance?

There are a number of ways which might help a younger driver reduce his yearly premium. First step is to get as many quotes as possible by visiting a car comparison site on-line. There it is easy to see a number of quotes offering insurance for young drivers. Don't jump in just because one quote is a lot cheaper than another. Although the quote might look very tempting it might not have the cover that you really need. Take your time and read the small print to find out exactly what you are being covered for. It might be a cheap quote but the level of excess could be sky high meaning you would be paying for most of repairs and other items yourself. Don't buy a high performance car always go for one with a small engine. This could reduce your premium as would a young driver who has also passed the Pass Plus exam. Although it does cost over £100 pounds to take it could save you much more on your insurance premium. Check out what other customers are saying about the credibility of different Insurance Companies. By driving carefully and safely you will build up a no claims discount that will help reduce your premiums in future years even though you might still be classed as a young driver.

Summary

Car insurance for young drivers is very expensive as they are seen by Insurance Companies of being more at risk of having accidents. Try to get as many different quotes as possible and read the small print to see exactly what cover they are offering. By taking a few small steps it is often possible to get a reduction on the yearly premium.