When you have mastered your reverse park and confident with you turn in your road and have successfully passed your driving test, you will now find yourself with the daunting task of finding Insurance.
Simon Lamble, product director of Confused.com says “Young drivers face a bit of a catch-22 – they”ll struggle to find an insurer that will cover them, and then, when they do, it is very expensive,”. You may often find the insurance you are offered is more than the car you want to drive. This is because when a young drier passes their test insures automatically class them as a high-risk driver, with no thought of how well you did on your test or how many lessons you have had.
Some Insures will not even insure male drivers under 21 and female drives under 19 due to the risk of frequent, expensive claims. Meanwhile the insurers that do insure these sorts of drivers nearly always quote thousands of pounds.
What can you do as a new driver to get the best possible price?
Some UK insurance companies have started a pay as you go scheme, this might be a good option if can’t afford full premiums or people who don’t use their vehicles that often.
Pass Plus is one step you could take to reduce the cost of insurance. “Pass Plus offers you a way to be a safer driver, save money on your car insurance and get the confidence that comes from being truly familiar with all road conditions.”
The biggest factor on saving money on insurance is what car you drive. Insurance companies put all cars into groups to determine the price of the Insurance. To check what group your car is in Click Here. If you are looking to purchase a car at the moment then you need something that is small and has little power such as a Vauxhall Corsa.
If you are female you already have a huge advantage over males due to statistics showing that young female drivers a less likely to crash than males. If you are going to share a car with your partner then it would save money to put the insurance in the females name and have the male as a named driver. You could also consider adding a parent as a named driver because this often brings your premium down, but could put no claims bonus at risk.
You can also choose how much excess you are willing to pay if you do have an accident, but make sure you know how much the standard excess is. Only volunteer excess if you know you can afford to pay it at any time. On average voluntary excess brings down premium by 10% of the excess, e.g. £500 voluntary excess would save you £50 on your premium. This shows it could cost much more by having the extra excess and not save you much.
Finally do not fib to make your premium lower as you Insurance will not be valid, therefore there will no point paying for the insurance.
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