How can I get the best young driver insurance cheaper?
While it’s difficult to get really cheap car insurance for young drivers, it’s possible to reduce your premiums in various ways:
Consider black box insurance for younger drivers
The more likely statistically a driver is to have an accident, the more expensive that person is to insure. But what if you could prove to insurers that you’re a careful and considerate driver? Luckily, modern technology now makes this possible.
Tracking devices (sometimes known as telematics or black box insurance) are gadgets that can be fitted to your car or installed on your mobile phone. They send your insurer details of your driving – not just speed, but timing of braking, accelerating and cornering – habits which can indicate good (or bad) driving.
By committing to black box insurance, you’ll allow your insurer to see how you drive. If your insurer gets positive feedback on your driving, they may award you cheaper premiums after some time.
Pay a voluntary excess on your young driver insurance
Excess is the portion of money you have to pay out of your own pocket if you make a claim on your car insurance. It’s normal for insurers to charge this excess before paying out, whatever the circumstances or whoever is to blame.
A way to reduce your insurance, if you’re confident of your driving, is to opt for a higher excess. For example, imagine you had an accident that cost £1,000 in repairs. Your insurance policy might state that you had to pay the first £300 yourself. By choosing to pay a higher excess – say £500 – you could reduce the cost of your premiums.