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Car Insurance for young drivers

You could save up to £264.00* on your car insurance when comparing insurance quotes from YCD. We compare deals from over 100** leading insurance providers

*£264 saving was calculated comparing the cheapest price found with the average of the next four cheapest prices (based on representative cost savings data – November 2019). **Correct as of July 2020

Compare quotes the easy way

Young Car Driver increases your chance of finding a great car insurance deal by searching the market for you.

Which car insurance providers does Young Car Driver work with?

Make sure you have all the information below to hand before you search for a quote. Be completely honest with your answers.

Some insurers are more guilty of judging young drivers and charging you a premium.

At Young Car Driver, we work with over 100 insurers that will give you the best price possible. While we can’t change the fact that young drivers have to pay more, we can at least make sure you get the best deal available!

Don’t be loyal! Always use a comparison website to check your renewal quote is a good deal

Has your car insurance renewal quote arrived yet?

Shock, curse then pay up – that’s what most people do.

To many insurance providers can offer cheaper deals to their customers, but they don’t like telling them.

We recommend you never accept a renewal quote without first using a comparison site.

Far too many young drivers are missing out on lower insurance simply because they don’t try.

What information will you need to provide for your insurance quotation?

Make sure you have all the information below to hand before you search for a quote. Be completely honest with your answers.

Why is car insurance so expensive for young drivers?

As young drivers, it can seem really unfair that insurance is so expensive

However, the reality is that we are the age group that will pose the highest risk on the road.

According to a Gov.UK report, last year:

Drivers aged 20-29 are far more likely to have an accident than any other age group.

Young drivers under 25 have the most accidents making them the riskiest group of drivers to ensure.

About 25% of young drivers have a crash within the first twelve months of passing their test.

Despite drivers aged 17-19 making up only 2% of UK licence holders, they are involved in 9% of fatal crashes.

And that also includes older people in their seventies and eighties! You might laugh at them driving 40 in a 60, but they’ll be laughing at your insurance premiums.

In all seriousness, how insurance works is straightforward: the higher the risk to the insurer, the more your insurance premium.

Various factors mean young drivers are more at risk in the first few years after passing their test. A combination of risk-taking, overconfidence and inexperience are the root cause.

How can I drive safely?

The sad fact of the matter is that you will pay a premium on insurance because of your age. This is unavoidable. However, it’s this way for a reason – if we all drive as safe as possible, the premiums for young people will eventually decrease. Here are a few ways to drive safely:

Don’t take risks: Young drivers have a reputation for taking more risks – such as speeding, or driving under the influence. Now, this is a significant minority, but it happens. Never do it, and never sit in a car with someone who is driving like an idiot.

Overconfidence: We’ve all been guilty of showing off to friends (or someone we fancy). While this is harmless in many scenarios, it can be fatal on the road.

Always drive cautiously, and don’t act like you are invulnerable. It’s better to be mocked for driving carefully than to end up with a serious disability for the rest of your life – or worse.

Get experience: You mustn’t look at this information and get scared of driving! The fact of the matter is that with more experience, you will become a much safer driver.

What types of car insurance cover are available for drivers under 25?

No matter your age, there are three types of insurance cover

Third-Party Insurance

 

Third-party insurance: This is the lowest possible form of cover. It only covers damage to another person’s car or an injury to another driver or passenger (hence the third-party bit!). Third-Party won’t cover your own vehicle!

Third-Party fire & theft Insurance

 

Third-party fire and theft insurance: You can probably work this one out! The same as third-party insurance, but it also covers your vehicle in certain scenarios: namely, if your car is damaged in a fire or stolen.

Fully Comprehensive Insurance

 

Fully comprehensive: As the name suggests, the full comp cover includes all of the above but also protects you as a driver and will pay out damage to your car. Fully comp is the best insurance possible.

You might assume that the price goes up as the cover does that would be logical! But in reality, pricing for these policies can be a bit confusing and erratic!

Sometimes fully comp cover actually works out cheaper than third-party fire and theft!

As a rule of thumb, though, everyone (not just young adults) should always go with comprehensive if you can afford it.

As mentioned, in many cases, it can be cheaper, and even if it’s slightly more expensive, it’s worth the peace of mind.

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How to help you get cheaper car insurance as a young driver

9 factors that impact car insurance premiums

Apart from the actual car, car insurance will be your biggest expenditure as a young driver. In fact, it can even be more expensive than your car payment! Thankfully, there are a few things that you can do to get cheaper car insurance.

Here are 9 essential factors that impact the cost of your car insurance!

Do you need something different from standard car insurance?

Black box car insurance

Telematics insurance policies use a black box that monitors you’re driving style to calculate the cost of your insurance.

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Learner driver insurance

Learners driver insurance allows you to get driving practice in a parent or friends car while protecting their No Claims Bonus.

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Insurance FAQ's: Your car insurance questions answered.

Why do I need a credit check to get car insurance?
Car insurance companies like to know that you’re reliable, and a credit check is a simple way to do this. However, finding the best insurance prices doesn’t require you to take a credit hit.

When you apply for an insurance quote either directly or through a comparison site like “Young Car Driver”, insurance providers will carry out a “soft check.” Don’t worry; this is simply to check your details and won’t affect your credit score.

Providers will only do a “hard search” (credit check) if you want to pay for your car insurance monthly.

Why is comprehensive insurance cheaper?
It really depends!

Comprehensive insurance is undoubtedly the best available – it offers the most protection. However, as there are more types of incidents to pay up on, your insurer can sometimes charge a high premium

Why is it sometimes cheaper than a lesser cover? Insurers take into account the psychology of their customers – if someone is looking to buy a less comprehensive cover, they could potentially be less responsible and more likely to crash in the first place.

In general, it’s hard to predict. Make sure you always compare the price of comprehensive insurance, even if you’re shopping around for the cheapest one possible. As often, you can find it for the same price, or even cheaper than a cover plan!

Does my job affect my car insurance?
Sadly yes, the cost of your insurance will be affected by your occupation. It is just one of many factors that the insurance company will use to work out how much to charge you.

However, you mustn’t try to change your job title to reduce the price of your quote. You could get caught out here, and even end up paying more!

Also, if your occupation means a lot of driving, you can expect a higher premium – due to more time on the road!

How do I work out my car’s value?
There are many free car valuation tools online that you can use to get an estimate of your car’s value for your insurance quote.

You can also look at used-car listings to see the current price of a similar model and condition to yours.

The current value of the car depends on a range of factors, including its make, age, mileage, service history, modifications, and general condition.

Thankfully, you don’t have to be 100% accurate when applying for insurance. Give an approximate value based on your research.

How do I estimate my annual mileage?
Your insurance quote will ask for how many miles you drive a year.

Never overestimate, you’ll end up paying more for your insurance. In the same token, don’t underestimate, as you could end up invalidating your policy.

You can estimate your mileage by working out how many miles you drive every day or week, then adding them up to work out your annual use.

Alternatively, check your MOT certificate or car service record, which will show how many miles you’ve driven. You can use this as a basis to calculate your future mileage!

Does my car insurance policy give me the right to drive someone else’s car?
In the vast majority of plans, no. Some fully comprehensive car insurance policies allow the main driver on that policy to drive someone else’s car (naturally, look into your policy documents to be 100% sure)!

Unfortunately, very few insurance policies include young or inexperienced drivers to drive a car belonging to someone else.

Why does the insurer need my driving licence number?
Your DVLA license tells the insurer many things about you.

You have to provide this so that the insurance company can have accurate data on your driving history.

If you don’t, you could have your claim being invalidated in the event of an accident, costing you a fortune and rendering the insurance pointless!

DVLA will tell your insurance company:

  • You’re legally entitled to drive.
  • Any penalty points or convictions you have.
  • Past disqualifications.
  • The type of license and how long you’ve held it for

Can I transfer my no-claims bonus to a new policy?
Yes! Your new insurer will ask you how much no-claims bonus you’re entitled to, and will then do their own checks.

Most of the time, insurers will do this on your behalf. However, insurers aren’t exact equals, so an insurance company can work from their own no-claims bonus schemes and work to their own rules.

Occasionally, you may need to supply evidence from your previous insurer to prove that you have a no-claims bonus. Get in touch with your old insurer if you need to acquire any written records.

Be aware that many insurers won’t recognise no-claims bonuses that you’ve gained as a named driver on someone’ else’s policy (like a parent). Also, if you’ve been off the road for a few years, your no-claims bonus likely won’t be valid anymore.

I had to claim last year, will my insurance go up?
Unfortunately, yes. Car insurance can increase year on year whether you claim or not, so if you do claim, you can guarantee your insurance price will go up.

How long is my quote valid?
When you get car insurance quotes with YCD, you’ll notice that some insurers use ‘real-time’ pricing, and others will hold their price between 10 and 30 days.

We can’t guarantee you the same price if you come back later – your quote could go up. You are more likely to achieve a lower quote the earlier you start looking.

Will I be charged if I cancel my policy?
Cancel your car insurance policy within the 14 days cooling-off period, and you’ll be refunded, less any time you’ve already had cover. Also, most insurers reserve the right to charge an admin fee – which can be quite high, so make sure you’re happy with that before you sign on the dotted line.

If you cancel after the cooling-off period and pay by monthly instalments, then you may not be entitled to a refund. Some providers may charge an extra premium to include the time you’ve had cover as well as a cancellation fee. Take a look at your policy for details.

What admin fees should I expect?
There shouldn’t be any fees to your policy unless you cancel or require replacement documents.

However, most insurers do charge an adjustment fee for something like changing an address or adding a driver to the policy. At the same time, other providers may allow you to make simple changes online without a charge.

Where can I compare car insurance quotes for young drivers?
Right here at Young Car Driver! We independently compare a wide range of the UK’s most trusted car insurance providers to offer young drivers competitive car insurance deals.

Compare car insurance for young drivers today and see if you can start saving.

The Car Insurance Guide for the Young Driver. Everything you need to know to make the best decision when looking for car insurance.