Car Insurance for Young Drivers

Car insurance for young drivers is historically more expensive than for anyone else, and in the last decade young drivers have suffered price increases of 150%; especially for young men.

Young, newly qualified, inexperienced drivers are statistically more likely to have an accident than most other groups, and therefore it’s only to be expected that car insurance for young drivers will be elevated.

Unfortunately not all young drivers are high risk, despite being labelled as such by the insurance companies. For many firms young drivers are an attractive proposition as they can charge high premiums from the outset through a combination of lack of no-claims discount, and the additional premium for being a ‘high risk group’.

You can go a long way towards reducing your premiums with your choice of vehicle however, by choosing a car with a smaller engine, and avoiding high performance vehicles. Car insurance for young drivers needs to be searched for, and comparisons made between each product, you can find insurance providers advertising in newspapers, magazines, on TV, radio and on the internet; you shouldn’t just opt for the cheapest product you find as cheap premiums may be possible because the policy is inferior. The growth of businesses on the internet has advantaged consumers in that they no longer have to rely on an insurance broker, and can instead if they choose swiftly search through products and providers using a comparison tool, to find the best price for the best product, in minutes.