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The fact is that insurance companies see younger drivers as a
greater risk, and statistics do indeed show that not
only are young drivers involved in more accidents than
older drivers, but their vehicles are more likely to be
vandalised or stolen too. The most risky period is
within two years of passing a driving test, and it is
not unusual for premiums to actually increase after a
learner driver has thrown away the 'L' plates, because
this means that he or she will now be free to drive
without qualified supervision, and on motorways, where
even a small error can lead to catastrophic
consequences. Insurance premiums can therefore be
extremely heavy for those aged under 25 without a great
deal of driving experience, but nevertheless there are
ways of cutting these down considerably! Here are a few
tips on how to cut those premiums: -
off the urge to buy yourself a shiny, fast sports
car! Not only will the insurance cost you a fortune
but you may well struggle to find cover at all.
Instead, buy a vehicle in the lowest possible
insurance group with the smallest engine; you can
always upgrade to a classier set of wheels when you
are a little older.
buy an expensive car at this stage, but go for
something cheap and cheerful subject to it being in
good mechanical condition. A few minor dents here
and there may make it a cheaper buy, and if it
collects one or two more it won't be such a
disaster! Insure it for third party only, or
third-party fire and theft if you can afford it.
not to allow any claims to be made against your
insurance policy unless it is absolutely necessary.
If you drive into the back of a friend's car it may
be a lot cheaper in the long run to pay for the
damage out of your own pocket than make a claim and
watch your premiums spiral out of sight.
if your insurer will give you a substantial
reduction in premium if you accept a larger
voluntary policy excess, ie the amount that you will
pay out of your own pocket towards any claim.
Sometimes offering to pay a little more than the
standard £50 or £100 excess can lead to a much
not, under any circumstances, risk driving without
insurance, at an excessive speed, in a dangerous
manner, or with any alcohol or drugs in your system!
You may feel that the fine and penalty points (or
ban) would be punishment enough but the increase in
premium, if you were able to get insurance at all,
could be eye watering.
and only if, you intend to drive your parents car
occasionally you may be able to be included on their
insurance policy as a named driver. You have to be
very careful with this however, since if you were in
fact the main driver of that vehicle you could be
committing a criminal offence and the insurance
company could refuse to pay out in the event of an
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