Young drivers car insurance is the last thing on your mind when you’re learning to drive. We remember the moment all-too-well; you’ve just passed your driving test, you’re over the moon and you can’t wait to jump in your car and hit the road. You’ve probably already made a playlist to listen to as you drive around. The one thing stopping you from getting behind the wheel: car insurance. Hoping for the best, you enter your details and get a quote for insurance. As the quotes load, you’re left in shock.
‘Surely that can’t be right?!’
You see, the cost of young drivers’ car insurance in the UK is often staggering. Sure, it makes sense to the insurance companies (statistically, younger drivers are far more likely to be involved in crashes and accidents) but forking out around £1,500 for a year of insurance is too expensive for a lot of younger drivers.
Before you resign yourself to a lifetime of missed buses and delayed trains, there is hope. There are a lot of things you can do to get the cheapest young drivers car insurance possible.
Getting the best deal on young drivers car insurance: Our top tips
#1: Get your parents involved
This is a great tip for a number of reasons.
Firstly, if your parents can drive, adding them onto your insurance policy can save you money (especially if they have got a good few years of no claims). While this sounds weird (surely another driver should increase the cost?) it makes sense. As a new driver, you’re seen as high-risk. As a safe and long-time driver, your parent(s) are low-risk. This brings the average risk for your insurance policy down from high-risk to medium-risk, and may save you a pretty penny.
However, don’t be tempted to say that your parent is the main driver if it’s going to be you using the car 75% of the time. If you were to have an accident and the insurance company found out, there’s a good chance they wouldn’t pay for the damage. On top of that, it’s known as ‘fronting’ and can lead to a criminal conviction.
Secondly, if you live with your parents, consider a multi-car policy. Some multi-car policies offer a discount of up to 25% for up to five cars, which will cut your young drivers’ car insurance quote down by a huge chunk.
#2: Use comparison sites
Nowadays, this almost goes without saying, but price comparison sites save you a lot of legwork. You can quickly see the cheapest young drivers car insurance deals available to you, probably from insurers you’d never have considered before.
#3: Consider all options
When you’re looking for cheap young drivers’ car insurance, it’s often an instinctive response to go for third-party insurance.
‘It’s the lowest cover, so it’ll be the cheapest, right?’
Actually, insurers often think that third-party customers are more of a risk, because it’s often new drivers that choose third-party to keep the costs down. Because of this, it’s often cheaper (and a better option in terms of cover) to check comprehensive cover and see if it’s any cheaper. MoneySavingExpert.com state that one low-risk driver saved over £1,500 by switching from third-party to comprehensive because of this odd loophole.
#4: Experiment with your job title
Speaking of MoneySavingExpert.com, they’ve got another very strange, very specific tip to save money on your insurance: play around with your job title.
Of course, don’t lie about your job title – that’s rule #1 for insurance, as any slight mistruth or fib can invalidate your insurance or land you with a fine of conviction – but play around a little.
If you’re an administrator, try calling yourself a PA.
Designer? Try calling yourself an illustrator. Handyman or builder? Try calling yourself a carpenter.
It sounds weird, we know, but because quotes are computer-generated, slight word changes in job titles can move you down into the cheaper insurance categories in the blink of an eye.
Crazy, isn’t it!
#5: Embrace the dreaded black box
If you’re a safe, sensible driver, getting a black box (or, to give it its proper name, telematic device) fitted to your car could save you hundreds of pounds.
The black box is installed in your car to monitor how you drive. The better you drive, the cheaper your insurance. Makes sense, right?
Remember, if you start doing doughnuts or driving like you’re trying to beat Vin Diesel to the finish line, then it can also drive your insurance through the roof too.
If you’ve just passed your test (congratulations!), there’s probably other things you’ve got to consider now too: what car to buy, how to afford the car and how to spot a dud car when you’re looking. Luckily, we’ve got a tonne of articles covering every aspect of car ownership, from what fuel is right for you to the best used cars to buy this year. Why not check them out?