Young car drivers and those learning are faced with staggering insurance costs compared to older drivers. If you fall into this category and are looking for insurance, you will have many questions. Well, we are here to answer those questions. So, read on to find out more.
Throughout this guide, we will be covering such things as:
- Levels of car insurance?
- How can I keep the cost of young driver car insurance down?
- Will insurance be cheaper through a broker?
- Advantages of specialist learner and young driver insurance;
- Can I make savings by installing a dash-cam?
- Why is young drivers insurance so expensive?
- Do I have to pay in full upfront for cover?
- Are some cars cheaper to insure?
So, let’s move on to answer some common questions, starting with what are the different levels of car insurance.
Q. What are the different levels of car insurance?
Whether you need young driver car insurance or learner driver cover, you will have to choose the level of protection required.
There is no getting away from the fact that due to your age you are going to pay more than insurance for older drivers with more experience.
The three different levels of insurance are:
- Third-party only – protects the third party for damage to their car or property but doesn’t provide protection for your own vehicle;
- Third-party, fire and theft – This provides protection for third party damage along with offering protection for your own vehicle for fire and theft;
- Fully comprehensive – Provides full protection for your vehicle and third parties.
Q. How can I keep the cost of young driver car insurance down?
Of course, the biggest question on the lips of new and young drivers is how to keep the cost of young driver car insurance down to the minimum. We will answer that question right now.
1. Get your insurance from a broker specialising in your driver insurance
One of the best ways to get affordable and competitive quotes for young driver insurance is to get your insurance from a broker who specialises in young driver cover.
The experts at MyFirstUK do just that by considering your specific circumstances to find the best deal for you and ensure you get the correct policy for your needs.
As specialists in young driver, student and learner car insurance, you stand a better chance of getting the best deal.
2, Buy specialist learner and young driver car insurance
If you are under the age of 25, you will fall under the category of a younger driver. Unfortunately, this means the premiums will be much higher than if you have many years of experience driving.
Whether you are a young driver and just learning to drive or you have just passed your test, we can help you to find the perfect policy for the most competitive price.
MyFirstUK offers hybrid learner insurance. This is a specialist type of insurance aimed at younger drivers.
The trouble with young driver insurance is that you have to pay for a policy while you are learning how to drive and once you have passed your test that policy expires. You then have to pay out for a different policy. This means you pay twice.
A hybrid policy protects you while you are learning to drive and continues once you have passed your test. This means you don’t have to pay out twice for insurance and is a great money-saving solution.
3, Install a dash cam on your vehicle
It may be possible to keep the premiums down on car insurance by having a dash-cam fitted.
Insurance may be cheaper as having the dash cam will record as you drive. This means if you are involved in an accident and it wasn’t your fault, the camera will show what happened.
4, Boost the security of your car
The more secure your vehicle is the less chance of it being stolen. So, with this in mind install security measures such as a car alarm and an immobiliser.
Q. Why is young driver’s car insurance so expensive?
A. There may be many reasons why insurance providers place higher premiums on insurance for younger car drivers. However, one of the biggest is due to lack of experience. Lack of driving experience puts younger drivers in a higher risk category for having accidents and claiming on their insurance.
Q. Can I pay monthly for insurance?
A. You don’t have to pay in full for your car insurance upfront. We offer flexible payment options. These include an initial deposit and low monthly fees. A payment scheme may make young driver car insurance more affordable.
Q. Are some cars cheaper to insure than others are?
A. It is always worth considering the type of car as yes some vehicles fall into higher categories for insurance than others. Cars are put into insurance bands with vehicles with smaller engines falling under cheaper bands than those with engines more powerful.
Therefore, with this in mind choosing to buy a used Ford Focus is going to be cheaper to insure for younger drivers than purchasing a brand new Audi.
Q. Is there a way to build up my no-claims bonus fast?
A. There is no way you can build up your no-claims bonus fast, it takes time and of course, you will not have been driving for many years if you are a young driver. However, if you are learning how to drive and have a hybrid policy you can start to build up your no-claims from day one.
Purchase young driver car insurance today
Here at MyFirstUK, we specialise in finding young driver car insurance along with learners insurance.
While there is no denying that insurance for first-time drivers will be more expensive than if you have many years of experience on the road, we can get you the most competitive quotes.
We can compare the best deals available for your needs whether you want fully comprehensive or third party only, learners or young drivers insurance. Give us a call on 0333 305 5116 or get your quote by filling in our quick online form today.