Car insurance for teenagers can be highly expensive for what is considered to be one of the highest risk insurance groups in the UK. By following a few simple tips, the price of the average young driver insurance policy can be greatly reduced.
- Accident-free driving is the best way to achieve cheaper car insurance for teenagers. One full year of safe motoring can see the costs of a policy slashed dramatically.
- Increasing the excess on a policy is highly recommended and makes your proposal more likely to be accepted by your insurance company.
- Restricting the number of named drivers when taking out car insurance for teenagers will result in a much lower premium.
- Only add young drivers to an existing policy if absolutely necessary. By having their own car insurance, teenagers will build up a safe driving history much more quickly. Consider temporary addition if a young driver is only going to be on an existing policy during university holidays.
- Forget the need for vehicle modifications. Car insurance for teenagers is much cheaper on standard vehicles.
- Always pay premiums in full when the policy is taken out. Most insurance companies will charge more if monthly installments are made.
- Always purchase car insurance for teenagers online. Land-based insurance companies can be up to 30% more expensive than their online counterparts.
- Always optimize security features such as trackers or anti-theft devices.
- Car insurance for teenagers will always be cheaper if a vehicle is kept off-road when not in use. Keeping the vehicle in a garage will drive down the price of a policy even further.
- Keep driving to a minimum. High annual mileage normally equates to high insurance costs.