Young Driver Insurance Scams

As a new driver having a vehicle means a new world of freedom you have not previously had access to. You’re not bound by public transportation. You don’t have to beg and plead with your family or friends to get a ride. You can go wherever you want whenever you want. Having a vehicle along with added freedom also means that there is added responsibility. The responsibility includes having to get car insurance. However, unfortunately for new drivers or young drivers you will have to pay a higher insurance premium.

Age will play a factor in the amount of car insurance you will have to pay. Drivers who are under the age of 25 have to pay higher rates, these rates are often so high that there are an increasing number of specialist New Drivers Act also means penalty points you pick up are more damaging in the first few years of driving!

One of the reasons that new or younger drivers have to pay higher insurance premiums is because they are less experienced. Unfortunately, statistically speaking, inexperienced drivers get into more accidents. Because younger and new drivers are a higher liability for the insurance companies they have to pay more for their insurance.

The fact that you are a new or young driver means you’re going to pay more. However, there are other factors that you can control that will also play into how much you pay. If you keep the following in mind you may be able to keep your insurance costs down.

Where you live and park your car matters as does, supprisingly, your job. For example students are often seen as a more high risk group therefore specific student car insurance packages are not always the best option.

If you happen to live in a high crime area, you’ll have to pay a higher insurance premium. This is because in a high crime area it is more likely that your car may be stolen. The insurance companies have to protect against this liability by charging more. This one variable is not effected by experiance or age, new driver insurance or old a high crime rate will increase your premium.

If you have a garage that you can keep your car in you will most likely pay less. This is because cars parked on the street are more prone to being hit. Also, they are more exposed to potential vandals.

Quick tips

• To reduce the cost of new drivers insurance think about the type of car you are going to insurance and pick one from a lower risk/cost group.
• New drivers insurance is expensive as one in five new drivers have an accident in the first year on the road
• Only one in eight drivers in the UK is under 25, however, 1/4 of road fatalities occur in this age group, this is another example of why new driver insurance is so expensive.

If you are a new or young driver it is best to find a four door, older, family type car. The more new the car is, the higher the insurance premium. This is because it would cost a lot of money to replace or repair a newer vehicle should you get into an accident.

If the car model you have is considered a “sports car” you will have to pay more. These cars typically have bigger engines and more horse power. If you own this type of car, you have to pay more because insurance companies find that people drive these cars recklessly because they go faster then they should. The faster people drive the more likely it is they will get into a car accident.

How often will you be driving the car?

Another factor that will play into your insurance premium is how many miles you will be putting on your car. Insurance companies have statistics and tables which shows the more miles someone drives, the higher the likelihood of them getting into an accident. If you won’t be putting a lot of miles on your car every year, this could also help to keep your insurance rates down.

Obey traffic laws

If you want to make sure as time goes on, your insurance goes down with it, it is important that you obey all the traffic laws. If you get any traffic violations from the police it may be turned over to your insurance company. If it is turned over to your insurance company you will then have to pay more for your insurance. This is because insurance companies have statistics that show drivers who get one ticket are likely to get more tickets and have a higher chance of getting into an accident.

Even though this is video is American, you get the idea:

Unfortunately there are some factors that you won’t be able to control as far as paying more for insurance. However, there are other factors that can keep the costs down that you can control. If you’re a new or younger driver, the most important thing is to drive safely and carefully. If you can prove yourself as a good driver by not breaking traffic laws or getting into an accident, your rates will eventually go down.

Even though you might be reading this from the perspective of someone who is looking at getting cheap insurance or trying to rationalise why they need to pay so much it is useful to stop and think about the stats for a second. Remeber, every single year your drivers are the group who are in most accidents than any other and, while no one wants to be in an accident, you should prepare yourself. There is a useful guide on what to do in a car accident on this site, it is well worth a read and maybe even printing and keeping in your car. It is more concerned with the insurance side of things than anything medical and obviously you should always use common sense in these situations.