Student Car Insurance

Student car insurance is a specialist product offered by a multitude of insurers and your premiums will vary dependent upon your age, experience as a driver, the value of your car, and size of the engine and performance. Inexperienced students aged under 25 are advised not to purchase high performance vehicles, as the cost of insurance, even student car insurance, would be exorbitant.

The insurance hikes suffered over recent years have been mainly targeted at young men, with premiums jumping by up to 150%; however you should ask yourself whether student car insurance is necessarily cheaper, and assess this by investigating all products on the market, whether specifically geared towards students or not.

UK law states you must insure a car before driving it, non-payment of insurance premiums makes the policy invalid and driving illegal; a car must be insured even if only parked on the road.

The cost of insuring a car has nearly doubled over the last ten years, and the average yearly premium currently stands at over £700; now a growing number of insurance companies are targeting specific groups and offering them specialist insurance, such as insurance for older drivers, student car insurance and car insurance for women.

In addition, price should not be the only factor taken into consideration when purchasing insurance products, it’s important for your student insurance policy to offer reasonable cover and you should also study the small print with regards to the size of excesses, and whether you get a courtesy car, or automatic cover when driving in Europe.