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How Young Drivers Can Save Money on Car Insurance

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Any would be or current drivers aged between 17 and 25 will already be aware of the eye-watering levels car insurance can reach. Considering many at this age will be students or on some of the lowest wages in entry level jobs, it doesn’t seem fair that they have to pay the highest prices for insurance.

Life isn’t always fair and there are many reasons this is the case, namely new drivers are more likely to be involved in accidents. While car insurance for young drivers is always going to be higher than others, there are still ways you can bring it down to a more reasonable level.

Pick the Right Policy

Depending if you’re a learner or newly qualified driver most insurers will offer different policies.

When qualified it is important to choose a policy that suits your driving needs and vehicle. Fully comprehensive cover is vital if replacing your car would cost too much in the event of an accident, while third party should be cheaper but you don’t have as much cover.

Drive Carefully

It may seem obvious but driving safely during your lessons, while practicing and when a qualified driver will lower insurance costs. Coupled with a lower mileage and in a cheaper to insure vehicle, this can add up to some significant savings.

This will take time as no claims bonuses usually get added every year, although some insurers have ‘bonus accelerator’ policies which speed up the process by running for nine months rather than twelve, for example. Adding a low risk driver such as your mum or dad to the policy as a second driver also lowers the cost.

Seek Out Discounts

Shopping around is the best way to compare and find the cheapest yet best cover. Many insurers will offer added incentives to entice new drivers, such as breakdown cover and cash back.

When your first year of insurance is coming up to renewal don’t just stick with it. Instead look at other providers as they may well offer you a cheaper deal to get your business. Auto-renewing usually incurs hidden charges too. Call your current insurer to explain you’re going to a different, cheaper provider and they may well lower their price and add a few extras.

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