Cheap Car Insurance for Young People

In both the UK and also globally, insurance for young people is much more expensive. Young people are generally considered as those under 25.

In the UK, the statistics are fairly similar to how it looks across the world – that is, that young people are usually convicted more regularly for drink driving, are less experienced on the road, and cause more accidents than any other age group.

More specifically, 28 percent of drivers in this age bracket make a claim while 20 percent in the age bracket over 25 do. These kinds of numbers make expensive prices offered by most insurance companies to young people quite justifiable (although, admittedly, some of the insurance prices are truly over-the-top).

In the UK, 50 percent of uninsured cars on the road belong to drivers under 29 years old. This is against the law and can land drivers in a fair amount of trouble.

So is cheap car insurance for young people a pipe dream, or a reality? Well, there are number of things young persons can do that will help drop their insurance premiums and help them acquire cheap car insurance.

Raise the excess

This is a tried and trusted method to drop your premiums. In most insurance contracts you have to pay in a certain amount when you claim, which is known as your excess. If you raise this amount you can lower your monthly premiums. Of course, your excess could be quite high and you should remember what it is so that you can be sure you have the amount when you need it. However, if you calculate how much you could save, having a high excess can be well worth it.

Annual premiums

Monthly premiums are usually more expensive than paying a lump sum all at once, which is something the insurance company should allow you to do (you should calculate and make sure that you are, indeed, saving). This helps you not to worry about it for the rest of the year.

However, this is also a lot of money, but if you save up for a car or before you intend on driving, you can maybe pay your insurance upfront for a year and then not need to worry about it. You will generally save more in the long run.

Try Pass Plus

The Pass Plus driving course can get you discounts in the region of 35 percent from insurance companies, which is a great advantage. Furthermore, it is designed to instil confidence to the driver and give them great driving abilities – especially in areas like motorway driving, driving under different conditions, etc.

Check out your car

Insurance companies prefer modest cars and you should really not bother with high performing cars until you have the luxury of buying the car you want as opposed to the car you need. You've still got a long way to go. Think about high performance for after 25 – for now, keep it modest and simple.

A clean record

Keep your record clean. Don't drink and drive or drive recklessly. A clean record brings great savings in the future – with some insurance companies promising a 40 percent discount for your second year if you keep a clean record in your first.