When you are learning to drive and pass your test, car insurance is a legal requirement. There is no getting around the fact that you will need car insurance. Furthermore, as a teenager, insurers will often make you pay a premium for the privilege too. But, fear not! There are things that you can do to get the most affordable car insurance for 17-year-olds. Here are just a few of our tips;
Choosing the right car to insure
Dream big, but start small
If you’ve just passed your test, you may be looking for your own set of wheels for the very first time. Buying your own car is something many of us dream of from a very young age. While that 4×4 or supercar may still be your dream car, they are likely the most expensive car to insure.
Instead, keep them on your wish list until you have racked up several years on your no claims bonus and opt for a more affordable, economical and safer car as your first ride. Choosing the right vehicle can save you hundreds of pounds in insurance. As a result, you can keep that money to go in your dream car fund for future years.
Did you know the most popular car for teenagers is a Vauxhall Corsa? However, the average cost to insure a Corsa for those aged between 17 and 25 is £1,305. However, but opting for a Peugeot 107 (also around £3,000 cheaper to buy new, as well) you can save over £400 on your car insurance. On average, the cost to insure a Peugeot 107 for someone aged between 17 and 25 is £900.
So, while your friends may all have the same car, by standing out from the crowd, you’ll have the cash for that epic weekend or amazing road trip. If a Peugeot 107 isn’t your thing, other cars that are cheaper to insure than a Vauxhall Corsa include;
- Fiat 500 (average cost to insure for under-25s: £912)
- Kia Picanto (average cost to insure for under-25s: £955)
- Toyota Aygo (average cost to insure for under-25s: £970)
- Citroen C1 (average cost to insure for under-25s: £928)
Research also shows that despite there being a wealth of cars that cost under £1,000 to insure for drivers under 25, most teen drivers opt for more expensive cars which include;
- Ford Fiesta (average cost to insure for under-25s: £1,266)
- Renault Clio (average cost to insure for under-25s: £1,248)
- Vauxhall Astra (average cost to insure for under-25s: £1,402)
- Volkswagen Golf (average cost to insure for under-25s: £1,702)
So, if you want affordable car insurance for 17-year-olds, steer away from the generic pack and pick something slightly less popular, that will give you more bang for your buck.
Black box insurance for 17-year olds
It seems so unfair to many 17-year olds that just because some people in the same age group drive like petrolheads, doesn’t mean everyone does. Sadly, 17-year-olds have often suffered high car insurance premiums because they are in the age group where they are statistically more likely to have an accident.
However, if you’re a careful and sensible driver, there is a way that you can lower your car insurance without the statistics of your age group. Black box insurance, also known as telematics insurance, is a fantastic way to reduce your car insurance premiums as a 17-year-old.
Instead of insurers working out your statistical likelihood of you claiming on your insurance, they provide a black box to install in your car. The box then relays all kinds of information back to the insurer via satellite. Therefore, if you drive smoothly, within speed limits and are sensible with your driving, the premiums are calculated to reflect this and show that you are a lower risk.
Is it for everyone?
Black box insurance sounds great, and it can be. However, there are some circumstances when it may not be beneficial. For a start, if you are still learning to drive, you may not be a smooth and consistent driver yet. Your black box may penalise you when you practice emergency braking or if there is any clunky driving. If you are still not totally confident behind the wheel, its best to hold off on telematics insurance until driving becomes second nature.
Another issue is that telematics can be more expensive for those who do a particularly high mileage. More time on the roads can make you statistically more likely to be involved in an accident. So, if you drive for a living, telematics insurance may not be for you.
Finally, if you are a shift worker or do lots of nighttime driving, then telematics insurance may not be for you. Night time driving is statistically riskier, with more accidents happening at night. If you rarely drive at night, telematics insurance is excellent. However, if you regularly drive late at night, then you may find your premiums rise to reflect this higher risk.
Affordable car insurance for 17-year-olds with telematics insurance
Telematics insurance can not only save you money but encourage sensible driving which means the roads become safer for every user. By having telematics insurance, you are judged on your driving habits, not your age range and therefore as you show what a careful and good driver you are, your premiums will drop. Continue with this good driving behaviour and insurers are much more likely to give you a discount when you are due for renewal.
So, if you are a safe, low mileage teen driver, then black box insurance can save you a considerable sum that can definitely be put to better use. Just remember to check if the coverage has any restrictions, such as curfews and night driving which could cause you to invalidate your insurance.
So with the right car and the right insurance, you can save yourself a healthy sum – now, who’s ready for that holiday?
Remember, if you want any helping in finding the cheapest car insurance for 17-year-olds, talk to the specialists at MyFirstUK on live chat or phone 0333 305 5116.