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The great news of passing the driving test is now tempered by worry over the cost of insurance. Cheap car insurance for young drivers is a thing of the past. Teenage drivers are statistically a high risk for insurance companies and premiums have gone up to reflect this. So how do you find the cheapest possible quotes?
To begin with it is important to appreciate what factors the companies take into account when calculating a quote. Firstly the statistics are unequivocal in demonstrating that inexperienced young drivers have a high accident rate.
Secondly on the whole teenagers do not act with care and responsibility when behind the wheel. The insurance providers have to foot the bill so they hate this trait with a passion.
Thirdly many young drivers,usually but not exclusively male, want a powerful car. They will often customize it way beyond the initial specs from the manufacturer. Security and safety are often not high on their agenda either so premiums rise.
So when you are looking to minimize the cost of insuring a newly qualified young driver you have to address the potential problems head on. You are aiming to impress the companies and hopefully reduce costs.
How To Get Cheap Car Insurance For Young Drivers
- To start with address the problem of car security and safety. Avoid a powerful engine in a small car, a sporty fuel injected model or any make that could be customized into a boy racer. Go for a steady, boring car instead. Add safety features such as alarms, immobilizers, steering locks etc if they aren’t already fitted.
- Emphasise to the young driver the importance of keeping his or her driving record pristine. Insurance providers look at every factor and parking tickets or points on the licence do not help. They will bump up the cost.
- There is a clear correlation between miles driven and number of accidents. Encourage the young driver to limit their driving initially and the premiums may well drop. It is a very simple calculation for the brokers, the less you drive the lower the risk. With the price of petrol at the moment it will also save a fortune on fuel costs.
- Consider adding them to your car insurance policy. The price will often fall considerably. Policies are available which let both named drivers build up a no claims discount. You could also add his or her car to your policy. However you must always be clear who drives which car. The law in the UK is clear on this.
- Use the advance of technology to have a black box fitted in the car. This sends info on how the car is being driven and allows careful, responsible drivers to pay lower premiums.
- They could do an advanced driving course as a demonstration of their commitment to safe driving.
So there you have a good range of choices. Good luck with the cheap car insurance for young drivers search.
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