Best Way To Insure a Young Driver In the UK

The Rising Cost of Young Driver Insurance

The high cost of young driver insurance in the UK has been a concern for many years. According to the Association of British Insurers, young drivers aged between 17 and 24 pay an average of £1,500 for their car insurance, compared to the average of £600 for all drivers. This is due to the fact that young drivers are statistically more likely to cause accidents, and are considered to be higher risk customers for insurers.

Finding the Best Deals for Young Drivers

Young drivers looking for the best deals on car insurance should shop around and compare quotes from different insurers. There are a number of insurance comparison websites that allow drivers to enter their details and then compare quotes from a number of different insurers. This can help drivers to find the best deal for their circumstances.

Young drivers should also bear in mind that they may be able to get a discounted rate if they have a clean driving record or are a student, as many insurers offer discounts for these customers. It is also important to make sure that any additional features are necessary and worth the extra cost.

Getting the Right Level of Cover

When looking for the best way to insure a young driver in the UK, it is important that the customer gets the right level of cover. The minimum legal requirement in the UK is third-party cover, which will cover any damage caused to other people or property in the event of an accident. However, this does not cover any damage to the driver’s own vehicle.

It is also important to make sure that any additional features are necessary and worth the extra cost. For example, a young driver may want to consider taking out additional cover to protect their car against theft or vandalism.

The Benefits of Telematics Insurance

Young drivers may also want to consider taking out a telematics insurance policy. This is a type of insurance that uses a device installed in the car to monitor the driver’s behaviour. The device collects data such as the speed at which the car is driven, the time of day that it is driven, and the number of miles driven. This information is then used to calculate a premium, which can often be lower than a traditional insurance policy.

Telematics insurance can be a good way for young drivers to save money on their car insurance, as it rewards good driving behaviour. However, it is important to bear in mind that it can be difficult to switch back to a traditional insurance policy once a telematics policy has been taken out.

The Benefits of a Black Box Insurance Policy

Black box insurance is a type of telematics policy that uses a device installed in the car to monitor the driver’s behaviour. The device collects data such as the speed at which the car is driven, the time of day that it is driven, and the number of miles driven. This information is then used to calculate a premium, which can often be lower than a traditional insurance policy.

Black box insurance is a good way for young drivers to save money on their car insurance, as it rewards good driving behaviour. It can also be a good way for young drivers to build up a good driving record, as the data collected can be used to demonstrate responsible driving habits.

Conclusion

In conclusion, the best way to insure a young driver in the UK is to shop around and compare quotes from different insurers. Young drivers should also bear in mind that they may be able to get a discounted rate if they have a clean driving record or are a student, as many insurers offer discounts for these customers. It is also important to make sure that any additional features are necessary and worth the extra cost. Finally, telematics and black box insurance policies can be a good way for young drivers to save money on their car insurance, as they reward good driving behaviour.