Thursday, 9 August 2012

Young Drivers Insurance - Bringing The Cost Down

The likes of telematics black box insurance is a great way to reduce costs for young drivers, however, it's important to remember some of the more traditional money saving tips when it comes to motoring and young driver insurance.

Let's touch on a few:

1. Secure Your Car. By keeping your vehicle in a safe, secure area such as a driveway or in the garage you could shave off a few more pounds from your premium. It's also worth thinking about getting a car alarm and immobiliser if you want to reduce costs further.

2. Policy Excess. It may seem like an annoying expense when you first consider a voluntary excess, however, if you want to bring your young driver insurance premium down this might be the way to do it.

3. Car Usage. Many of us use cars for social driving and commuting to and from work and it's important to make sure you're covered for this. If you don't need you car for business use - don't include it on your policy as it will probably increase the amount you pay.

4. Car Value. It's important to be realistic about the value of your car when getting a young driver insurance quote. If you over-estimate you could end up paying more, however, did you know that by under-estimating your vehicle your car could be seen as more of a risk and consequently you could also end up paying more?

5. Car Type. If you're thinking of buying a new car try not to be tempted by an expensive or powerful sports car. By driving a relatively inexpensive car with a small engine size could get you a significant saving on your premium.

6. Avoid Car Modifications. Try to avoid car customisation - such as spoilers and alloy wheels as they are likely to increase your young driver insurance premium significantly.

These tips are just a few to help reduce costs – to find out more check out our Top Eco-Safe Driving Tips For Young Drivers guide.