Classic car insurance quotes for young drivers
- Young drivers pay more because of inexperience, reputation and risk
- Driving without insurance is illegal and you risk having your licence revoked
- Follow our tips for help in getting the right cover and keeping the price affordable
As a young driver, getting car insurance at the right price and with the right level of cover can be frustrating.
Not all insurers will quote for you, and when they do the prices they offer can be really high.
But it's vital to arrange the right policy - in 2012, DVLA figures revealed that 10,797 drivers with fewer than two years' experience lost their licences and more than half of those cases were because they were driving without insurance.
With this in mind, we've put together some information to try to help you find a better deal.
"There are ways to try to reduce the cost as you build up a safe driver record and no-claims discount," said Gocompare.com's Lee Griffin.
Why young drivers pay more for car insurance
There are three main reasons why young drivers have to pay a lot for their car insurance - inexperience, reputation and risk.
Driving experience is a crucial factor - the more time you spend on the road the better your driving is likely to be.
Drivers with more experience have a proven track record so long as they stay conviction and claim free and, as a result, they get a discount on the price of their car insurance (called a no claims bonus).
Young drivers have a reputation for causing more accidents than any other age group and statistics from the Association of British Insurers prove that this is true.
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The data reveals that the UK's 18-year-olds alone cause 50 collisions a day - three times more than drivers in their 50s.
Indeed, male drivers under the age of 21 are 10 times more likely to be involved in a motoring accident than drivers over the age of 30.
This means insurance companies pay out more in claims for young drivers and so charge more for insurance cover.
Car insurance premiums are based on risk (how likely it is that an insurer will have to pay out on a claim).
Insurers will look at your quote details (eg your claims history, the cost or type of the car you drive, where you live, your driving experience) and then decide what to charge.
Young drivers have more accidents and experience more car security issues, such as theft and vandalism, as crime rates are higher amongst young people.
They are, therefore, seen as a greater risk, and this is reflected in the high price of premiums.
How young drivers can reduce their car insurance premiums
While higher prices are the norm for younger drivers, there are some things you can do to lower your insurance costs. Read our top tips for cutting the cost of car insurance, but young drivers may want to focus on the following:
Did you know...?
- Adding an experienced driver to your policy could reduce your premium...
- ... but if you're not honest about who the main driver is you're committing a fraud known as fronting
Choose a small car
Get a car with a small engine - for example a 1.1 litre rather than a 1.6 litre - which is in a low car insurance group.
You'll also pay less road tax if your car has a small engine capacity.
Modifications (upgrades to styling, audio or performance) may look good, but for the younger driver they mean a big increase in the price of car insurance.
Alloy wheels, body kits and performance upgrades make vehicles more attractive to car thieves. Modified cars also tend to be more expensive to fix than ordinary cars.
Adding another driver with a clean licence and several years' claim-free driving to your policy could reduce your premium.
Just make sure you get consent from the person(s) who you'd like to add so that they know to declare that they have access to another car when getting their own insurance.
Also, if you're the main driver make sure you're noted as such on the policy.
If you say the other person is the main driver because they have a better driving history you're committing a fraud known as fronting and you could invalidate your insurance.
Limit your mileage
If you only drive at set times of the year (perhaps during term time) then let your insurance company know.
To lower the risk of having an accident, avoid driving in rush hour and limit your annual mileage.
Consider a telematics policy
A telematics car insurance policy works by using a black box or a mobile phone app to monitor your driving and then using the data gathered as the basis for setting your insurance premium.
Such policies are available for drivers of all ages, but are thought to be especially beneficial for safe, young drivers who are struggling to find competitive quotes.
The feedback you receive has also been seen as a valuable form of education to help improve your driving.The easiest way to reduce your car insurance costs is to improve your reputation and driving record by staying conviction free, avoiding speeding and building up a no-claims discount
Agree a curfew
Some insurance companies may reduce your premium if you agree to limit your driving to certain hours of the day.
Consider improving your vehicle's security. Fit an alarm or immobiliser and - if you have alloy wheels - invest in locking wheel nuts.
Park with care
If you can, park your car in a safe spot overnight. Parking off the road can lower the chance of your car being vandalised or stolen. Read more in our article on overnight parking and car insurance.
Increase your voluntary excess
Choosing a higher voluntary excess when you take out your policy will reduce the price of your insurance.
Remember, though, if you make a claim you may have to pay that excess before the garage will give you your car back.
Get a Pass Plus certificate
Pass Plus is a training scheme for new drivers. Bear in mind that you'll need to pay for the course and you may not recoup the costs, but your driving should improve.
Read our article on advanced driving courses for more information on Pass Plus and other courses that may prove beneficial.
Other ways to cut costs
The easiest way to reduce your car insurance costs is to improve your reputation and driving record by staying conviction free, avoiding speeding and building up a no-claims discount. Other things you can do are:
Pay for your insurance when you take out the policy rather than by monthly instalments in order to avoid interest charges.
Consider your cover
If you have a car that's not worth much, consider third party fire and theft rather than comprehensive cover (the car may only be worth a bit more than the excess on your policy).
Pay close attention to the options, though - third party products generally offer much lower levels of cover and are not necessarily cheaper.
Our top tip for cheaper insurance
- You won't be surprised to hear this... Shop around and review prices using a comparison site such as Gocompare.com!
Only pay for what you need
Make sure you're not paying for policy benefits you don't really require. For example, legal assistance or courtesy car cover may not be essential to you.
There will be a vast difference between the lowest and highest quotes from different insurers.
Choose the cover you need and compare lots of premiums using an established comparison site such as Gocompare.com.
Some insurers will be more competitive than others for different drivers, vehicles and regions so there's no such thing as a 'best buy' car insurance policy for every driver.
By Sean Davies
Compare young driver car insurance quotes from UK insurance providers
As a young driver, if you are aged between 17 and 24, finding cheap car insurance can be frustrating due to high premiums, the risks and lack of experience involved with new drivers.UK young driver car insurance comparison
If this is your first car, you are under 25 or have little or zero no claims bonus, it may be a good idea to shop around for a cheap young driver insurance quote.
There are a number of practical steps that young drivers can take to reduce insurance premiums, such as completing the Pass Plus scheme, reducing their annual mileage or driving a car with a smaller engine. It may also be worth considering third party or third party fire and theft cover, which in some cases may be cheaper.Compare young driver car insurance quotes from our panel of UK insurance providers
Quotezone could help takes the hassle out of finding cheap young driver insurance quotes. Simply fill in your details and we will compare quote from over 100 UK insurance providers.Compare young driver insurance with Quotezone
Compare cheap young driver car insurance quotes now!Young Driver Insurance Guide
Insurance for young driversthose aged between 17 and 25could be much more expensive than insurance for older drivers, because to an insurer, the lack of driving experience means there’s more risk involved in driving.
In most respects, young driver insurance in the UK is similar to standard insurance, but there are some important differences that young drivers might want to be aware of.
Levels of Coverage
Third party: If a driver is involved in an accident and is found to be responsible, third party could cover the costs of any damage incurred to the other driver and their vehicle. It doesn’t usually cover any damage to the car of the at-fault driver.
Third party, fire, and theft: Typically provides third party insurance, and covers loss due to theft or fire.
Comprehensive cover: Provides third party, fire, and theft. If a driver is in an accident for which they are responsible, this insurance could cover the damage to their vehicle.
Insurance companies put each make and model of car into one of 50 separate groups according to factors such as price, performance level, and engine power. These groups represent levels of risk, and significantly influence premium calculations. Generally speaking the lower the group a car is placed in, the lower the base premium price will be.
Black Box Policies
Also called telematic policies, these use a device similar to an airplane’s black box to monitor a person’s driving habits. The black box is a small device that’s placed in the car, and uses satellite technology to record data such as mileage, driving speed, braking and acceleration habits, cornering, and what times of the day the car is driven. As a general rule, someone who drives responsibly may be able to earn lower premiums, so these policies could be a useful way for young drivers to get more affordable insurance.
Optional Extra Coverage
Adding these extras to a policy could increase the cost, but provide some additional protection:
- Windscreen cover is usually included in a comprehensive policy but if a driver has third party insurance they may buy windscreen protection as an add on.
- Breakdown insurance may provide a driver with roadside assistance if their car breaks down.
- Coverage for legal expenses if a third party makes a claim for compensation in the event of an accident.
How to Compare Young Driver Insurance Policies
For young drivers it might be particularly important to shop around to find insurance that provides a good level of coverage, while trying to minimise the cost.
- Comprehensive cover is sometimes similar in price or even cheaper than third party, so young drivers might want to check comprehensive premium rates too.
- For a young driver who lives at home with parents, it may be cheaper to add the young driver’s car to a multi-car policy rather than insuring it separately. Some insurance companies even offer a premium discount for cars owned by the same household, even if they’re insured under separate policies.
- When comparing black box insurance online, young drivers could look at the possible negative consequences as well as the positive ones. For example, if the driver is involved in an accident, or ends up with a higher mileage than expected, what’s the potential premium increase?
- Some specialist providers offer black box policies that restrict driving to daylight hours, or restrict mileage, in exchange for lower premiums. These could be good relatively low-cost options providing the conditions could be met consistently.
Minimising Premium Costs
To insurers, young drivers may have an inherently higher level of risk than older, more experienced drivers do. This may make it difficult to get young driver insurance cheap; however, there are still some ways that younger drivers could reduce their premium costs.
- For young drivers in particular, insuring a car that is expensive, high-performance, or modified may increase premiums significantly. Some insurers may even refuse to insure a young driver with this kind of car. Instead, young drivers could earn lower premiums with a more moderate vehicle that falls into one of the lower insurance groups.
- Completing an advanced driver course may help a young driver qualify for reduced premiums.
- Adding a named adult driver to the policy can reduce the premiums. However, be wary of fronting, which in this context means telling the insurance company an adult is the main driver, when in fact it’s a younger person.
- Excess is applied to car insurance twice. The first excess amount is set by the insurer. The second amount is a voluntary excess in an amount set by the driver. Paying a higher voluntary excess may mean paying more out of pocket if a claim is made, but it could help to reduce premiums.
- While initial premiums may be high, a young driver could achieve lower premiums in the future by driving responsibly and earning a no-claims discount in future years.
- Choosing a black box insurance policy could help a young driver reduce their premiums more quickly, as long as their driving habits are shown to be responsible.
- Paying premiums annually may often cheaper than paying them monthly.
- Increase security to reduce risk and premiums. An alarm or other security device, or designated off-road parking, could help with this.
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Your Options - Click HERE to compare types of policy:
Your Options - Compare types of policy:
There are 3 main types of car insurance policies, ‘fully comprehensive’, ‘third party’ cover and ‘third party fire and theft’cover. For the cheapest cover, third party is the way to go but to be on the safe side it is always advisable to take out fully comp cover and this is the most popular option in the UK. Please see our guide below:
Fully comprehensive offers the best UK vehicle protection including benefits such as covering any damage to other motorists vehicles and property, replacement of broken windscreens or repairs and cover for the stereo system in the car. You are also fully covered for any injuries sustained by yourself or any other third parties, motorists and pedestrians and you have the bonus of your car being either repaired or replaced in the event of an accident or it gets taken by a car thief so your budget is safe.
Third party fire and theft is a more risky proposition as the cover is nowhere near as extensive as fully comp. If you accept its limitations it is the best option if you want to get the best value cover possible in the UK. as the name suggests, your car is covered for any damage by fire and any theft of the vehicle. You are also covered if your car causes injury to other road users. As with fully comp, you are covered for any damage to property or other vehicles but you are not covered for damage to your own vehicle.
Third party only cover is the best budget car insurance option but offers only the bare minimum legal cover to use your car on the road in the UK. Third party cover is there to safeguard other road users and pedestrians who may be caught up in an accident that is your fault. Many younger drivers take out this type of cover as it is the cheapest option available but older drivers also select this cover if the value of the car does not justify the increase in premium. Its always a good idea to have a full comparison available but the main thing to remember is if you cause an accident or your car is stolen there will be no payout coming your way to cover the costs. Can you budget for this?
No matter what kind of car you drive and cover you need, we aim to help save you money.
Want to save more money on your cover?
A great way to save money and get cheaper cover is to shop around, but there are many other things you can do to get a cheaper quote if you are on a budget:
- Watch the monthly payment plans! – if possible, pay your premium in one lump sum. Be aware of the often high amounts of interest added on to your policy if you opt to pay in instalments.
- The cost of your cover can vary throughout the month! Compare quotes online a few weeks before its due to be renewed and go to the 4 cheapest insurers websites, you can then save these cheap quotes and recall them up to 28 days later (many insurers will stick to their original quote). A few days before your renewal is due, revisit these sites and re-run your quote. If the quote is cheaper, brilliant – you’ve saved more cash. If not, just recall your saved quote and you could still be able to get the cheaper price you were quoted a few weeks back!
- With age comes great experience (and cheaper cover)! Obviously you can’t change your age (although we may wish we could sometimes…) but simply adding an older driver such as a relative with a good driving record as a named driver on to your policy can reduce your quote significantly – give it a try and see!
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