Car insurance for young drivers is often exceptionally expensive and usually comes hand in hand with a high level of excess; both combined are often worth more than the actual car itself. It can therefore be difficult to find a car insurance premium that is actually affordable for a new young driver.
High compulsory excesses are very common for drivers with a provisional licence, drivers who have held their licence for under 1 year, under 21 years old and under 25 years old so as you can imagine if you fall into two of these categories you can except a high level of compulsory excess added to your policy before you even get chance to consider the differences between premiums.
Car insurance for young drivers is often expensive due to the lack of experience they have in various situations without an instructor alongside. Along with this as a new driver if you have only had experience driving a small car with a small engine you may not be able to handle a more powerful car and this would therefore increase your insurance premiums. When purchasing a car you should take into account the engine size, age, value of the car and insurance group, the lower these all are, the lower your premiums will be. This will give you the opportunity to gain experience driving on your own without an exceptionally high insurance premium to consider.
There are also a few more additional ways to reduce your car insurance premium, these include avoid modifying your car or buying a car which already has modifications and building up a no claims discount through your own insurance policy rather than adding yourself as a driver on your parent’s insurance policy.
A new concept which is now available with car insurance for young drivers is installing a tracking box in your car and you are insured for only the miles you travel and nothing else. The box will assess your driving and if you are a careful driver you will receive discounts and bonus miles. You will receive an initial package of miles to use throughout the year and if you go over this you can then purchase additional packages. Therefore if you only travel a few thousand careful miles per year you may find your insurance policy is significantly cheaper and more affordable than it would be with a normal policy.
If you have recently passed your driving test then you should consider investing in a Pass Plus course. A pass plus course is an optional driving course (with no test at the end) which will give you further experience in driving in certain conditions, as this in theory makes you a safer, more aware driver you will receive a discount, as much as £350 on your insurance premium from a range of insurance providers such as The AA and insurance companies which specialise in car insurance for young drivers.