Young driver’s car insurance:
As a motorist car insurance is one of the biggest expenses you face. However if you are a young driver trying to find affordable car insurance it can be a nightmare. There are ways in which you can cut costs this year on insurance premiums but in order to do this you need to understand why insurance companies penalise young drivers.
Unfortunately the statistics on road traffic accidents don’t paint a pretty picture. If we take a look at drivers under the age of 21years of age for example they are ten times more likely to be killed or seriously injured in a car accident than drivers that are over the age of 35. Further to this it is estimated that when a male driver under the age of 25 has an accident his claim will be around double what an older male’s claim would be. It is easy to see why insurance company’s air on the side of caution but it seems a little unfair to penalise all under 25’s.
So what steps can you take to lower the costs of your premiums? One of the first things you should consider is the type of car you will or do drive. Some cars are in higher insurance groups than others and therefore cost more to insure. If you are serious about making savings it’s important to pick a car that is in the lowest insurance category that is insurance group one. Cars that you might want to consider are Fiat Panda’s, Ford KA’s, Vauxhall Corsa’s or Citroen C2’s. These cars are lower to insure than others and could give you big savings over the course of a year. Once you have the car you want it is important not to modify it in any way if you are trying to make savings. However tempting this may be you must bear in mind that your car will become more appealing to thieves. By modifying your new wheels your car becomes a higher risk of theft and your insurance premiums will inevitably rise. So steer clear from those alterations until you can afford to pay for them!
Another thing to consider as a young person is taking an advanced driving course. These courses are designed to give you a wider experience of driving and some insurance companies will offer you as much as a 35% off the cost of insurance based on this. The more experienced or qualified you are to drive the more likely your premiums are to be reduced as you are less likely to be involved in an accident.
You may not be in a position to action all of what I have mentioned here but something that every young person can do to save money is to shop around for their car insurance. These days it could not be easier to find the best deals. Visiting price comparison sites such as moneysupermarket.com will help get you the cheapest car insurance deal possible. You will be able to compare hundreds of car insurance deals and get the best deal possible to suit your needs in a quick and straightforward way. By following this simple advice you could make some considerable savings this year, just think what you could spend the extra money on!