Getting Car Insurance If You’re A Young Driver
If you’re aged 17-21, getting annual car insurance cover can be difficult and often very expensive. Long term insurance policies can be prohibitively expensive for those ages 17-21; this is because young drivers are statistically far more likely to make a claim on their policy. Because of this, most insurance providers will charge a large yearly amount, in order to offset the potential of a claim or accident.
If you are looking for long-term cover, there are a couple of things you can do to bring down your insurance costs. You should think about insurance before you even buy the car, and try to get a vehicle that falls into a low insurance band, as this will dramatically reduce your expenditure. It might be tempting to get a car that you think is cool, but the insurance costs will most likely outweigh the purchase price of the car. If you can, keep your car locked somewhere secure like a garage, and inform your insurers of this as it will most likely bring down the cost of your premium.
There are a few alternatives to long-term policies however; temporary car insurance is potentially a very good option for some young people. When you first purchase your car, one day car insurance will allow you to drive it home that day, without forcing you into a long-term policy immediately. Alternatively, you could forego buying your own car altogether and just insure yourself on your parents or friends car for the times when you want to use it. This is an especially good idea if you’re going to be driving infrequently, and using day car insurance like this can save you substantial sums over long periods of time. If you can insure yourself like this until you reach 21, you’ll find that the annual insurance policies drop in price, making long term insurance a more viable option.
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