Tips on how to reduce the cost of new driver car insurance
New driver car insurance can be expensive, so finding any way to reduce the cost can help young drivers to get out on the road. You’ll find that the cost of
car insurance will only dramatically improve once you’ve become a more experienced driver. However, there are ways to get cheaper car insurance for young drivers.
1. Black box technology for new or young drivers
Having a black box fitted, also known as telematics, can be a cheap car insurance option for young driver car insurance.
Black box car insurance is so popular because it provides feedback on your driving style and then rewards new drivers based on how safe their driving is.
2. Pay annually for your new driver insurance
If you can afford to pay the annual premium for your young driver insurance in one go, it can save more than paying monthly. This is because an insurer will only need to charge a one-off admin fee and no additional monthly interest payments which can add up.
3. Increase the voluntary excess on your new driver insurance
When you’re getting a quote for young driver car insurance, you’ll be asked how much you’re comfortable to pay should you need to claim. This is called voluntary excess. If you increase the amount you pay towards this, you’ll find that your overall premium will decrease. Voluntary excess is only paid when you make a claim on your insurance.
Increasing your voluntary excess can reduce the cost of young driver insurance. But it’s important to make sure you could afford to pay the amount if you did need to make a claim.
4. Add a second driver
If you add an older, second driver to a young driver car insurance policy your premium may come down. This is because a more experienced driver will be seen to use the car for some of the time. It’s important that the second driver does use the vehicle, so you don’t invalidate your insurance. If a young driver is added onto a more experienced driver’s policy (as a second driver), but the younger driver uses the car more frequently than the named driver, you could be committing fraud. This is called fronting and it’s illegal ̶̶
find about fronting here. 5. Ensure your car is safe and secure
The safety of the vehicle is determined by how it’s stored when it’s not being driven and the level of security the vehicle has. If it’s fitted with an alarm, immobiliser, or another validated security device, it may help to reduce your young driver insurance costs. Find out more information on the official
Thatcham’s alarm categories.