Your Guide To Buying Car Insurance For Young Drivers

If you are a young driver and you’re struggling to find insurance that you can afford, look no further, below you can find a guide that will help you find insurance that won’t break your bank and will still keep your covered properly in case the worst happens.

Why is car insurance so expensive for young people?

Car insurance is so expensive for young people because insurance companies see insuring young people a higher risk than somebody who has been on the roads and planet for a longer time. The average cost of car insurance for 17-22 year olds is £1,300 a year which can seem extremely unfair when you take into account the financial struggles most people in that age group experience when leaving college and going to university or starting their first job. No need to fret, there are some things you can do to try and cut the costs of your insurance.

Tips for lowering the cost of car insurance for young people

The most important tip is to make sure you shop around, try comparison sites when looking for you car insurance. Make sure you read the fine print about your policy as you don’t want to see your premium cost going up and up every month.

There are 3 different types of insurance: fully comprehensive, third party fire and theft and third party only. Most young drivers immediately gravitate towards the third party only insurance policies as you would think that the policy with the lowest coverage would cost the least. This is not always the case. Sometimes insurances companies view young drivers who are taking out a third party only policy as taking more risks which means they view you as a risky person, therefore, upping your premium costs. Make sure you receive quotes for all coverage types and choose the policy that is best for you both cost and coverage wise.

Try rewording your job title (legitimately, of course). So for example, if you have put your occupation as secretary try changing it to PA or if you put yourself as an artist try changing it to illustrator. You would be surprised at how big the change in premium costs could be due to such a small change in detail.

If you have a close relative who is a safe driver, try adding them onto your policy as an “occasional driver”. This is another one that may be a bit surprising. Most people would think that adding another driver onto your policy would increase your premium, but for a young person to add an older and safer driver to their policy, insurance companies see this as trustworthy as the safe driver also trusts the young driver. You could save hundreds with this trick!

Give a black box a go. Although it may seem a little bit daunting at first to have a machine tracking every move (and mistake) you make, a black box could save you hundreds on your premium if you are a safe driver. You usually don’t need to pay for the black box to be fitted and you can track your driving online to help you improve on some of the things that could be keeping your premium high.

The last tip is to look for insurance companies that are specific for young people. An example is Marmalade insurance, they offer insurance for young drivers, new drivers and even learner drivers! Bell Insurance is another company that specifically offers young driver insurance, their insurance is black box insurance. If you’re a young female driver try Diamond insurance as they offer cheaper insurance for female drivers who are finding it hard to find a fair price for their car insurance.

Top 5 Insurance Companies For Young Drivers

insurance for young drivers

Trying to find car insurance as a young new driver can be very difficult, especially when you don’t have a ton of spare money to spend on your insurance every month. Insurance companies often increase premium prices due to the likelihood of young drivers being more dangerous on the roads and more likely to crash their cars (data from the IIHS shows those who’re 16-19 are 3 times more likely to crash than those who’re over the age of 20).

To those young responsible drivers, this may seem like an unfair opinion to place on all young drivers, that’s why a lot of insurance companies are using a new technology known as a black box to track and monitor driving to give young drivers a fair monthly rate of premium. Below we have listed some insurance companies that are accomodating to young drivers as well as those who not only have black box insurance policies but also policies specifically created for young drivers who do not want a black box.

Tesco Bank Car Insurance

Tesco offers their Black Box insurance policy for those drivers who’re aged 17 to 35. You can receive a no claim discount for every year you don’t claim on your insurance, you can receive up to 100 Bonus Miles if you drive safely, receive a discount on your premium if your a Clubcard member and you can keep track of your driving by logging into your account online where you can access the feedback from your black box to help you to improve your driving as well as buy top-up miles.

The box also offers theft tracking which allows you to track your vehicle if it has been stolen and accident alerts which means the Tesco insurance team will check you’re okay after an impact alert and if necessary call the emergency services on your behalf. You are also eligible for the comprehensive cover which includes a small courtesy car, windscreen cover as well as motor legal protection of up to £100,000. You can call Tesco Bank regarding their car insurance by dialling 0345 030 3290 .

Co-Op Car Insurance

The Co-Op Group offers Young Driver insurance for those drivers who’re new to driving or are struggling to find reasonable insurance as they’re a young person. The Co-Op Young Driver insurance policy offers no night-time curfew which means you are able to drive at night (be aware that driving regularly between 11 pm and 5 am may affect your safe driver score.

Using a black box your driving will be tracked and you will be rewarded for driving safely with discounts, you will be able to view your performance 24/7 by logging into your online account and viewing your dashboard. You can download the Co-Op Young Driver app and you could receive an initial discount of 20%.

Churchill Car Insurance

Churchill offers their DriveSure car insurance for customers who’re aged 17 to 25. This policy also tracks your driving using your mobile phone and will provide you will a discounted premium if you are driving safely, this means you will need your phone to be turned on whilst you’re driving in your car (the app will run in the background).

If you’re travelling in a car that is not yours or you’re using another mode of transport such as a bus, you are able to easily change the tag of the journey on the app to make sure this is not counted as a journey you drove.

Hastings Direct Car Insurance

Hastings Direct have the Smart Miles policy for those young drivers who know they’re safe drivers. You will have a smart box fitted into your car before the start of your policy and once the policy starts your driving will be tracked by the box recording data about your driving and giving you a score out of 100. If you receive a good score you will receive a discount on your renewal cost.

You will also receive the benefits of the comprehensive cover including a courtesy car, windscreen repair or replacement, vandalism and uninsured driver protection, the cover of legal expenses up to £100,000, personal accident cover, child seat cover, theft recovry services and contents cover of up to £300.

Direct Line Car Insurance

Direct Line offers their car insurance policy called Drive Plus for customers who’re under 25 as well as those who have a vehicle which was built in 1996 or later. You will receive an instant discount if you’re under 25, new to Direct Line and have passed your driving test. You will also be able to receive further discounts which will be available upon renewal of the policy if you have driven safely. Track your journey and driving by downloading the Drive Plus app which allows you to view the data collected regarding your driving.