September 30, 2022
  • September 30, 2022

4 ways to save money on car insurance policies for young drivers

By on August 9, 2022 0

Auto insurance is a major expense for vehicle owners, whether they choose to pay for it monthly or annually.

Coverage varies depending on the needs of the individual, but there is a general risk assessment performed by each provider which dictates the final price. This article focuses on four different ways to save money on auto insurance policies as a young driver, a group that tends to be charged a premium rate for policies.

Shop with a credible comparison site

The easiest way to get the best price options is to use a comparison site to find the best car insurance quotes, like quotezone.co.uk. Quotezone is a hub for all things finance and provides valuable information on insurance policy options and money management. You can use Quotezone to find the best car insurance deals from major UK insurers.

The benefits of using a comparison site to find the best auto insurance deals are:

  • Able to see a wide range of policy options
  • Able to get the cheapest price
  • Often have affiliate bonus offers
  • Results are fast and convenient

Add experienced drivers to a policy

When applying for insurance, there is most often the possibility of include additional drivers named in the policy. By doing so, assuming the additional driver has a clean driving record, you could save money on the policy. Why is it?

There are a few factors at play. First, a second primary driver tends to suggest that you personally will be driving less and the driving will be shared. Therefore, there is less chance of an accident occurring as less time is spent on the road. This consideration is especially relevant for young, less experienced drivers who add an experienced driver to their insurance.

Take an advanced driving course

It never hurts to gain more experience on the road. By doing so, you can pay less for your auto insurance policy because you’ve proven yourself to be a more experienced driver. Any qualification obtained after passing a driving test is relevant as long as it comes from a credible source and a certificate is obtained as proof of completion as a result.

Consider a black box

Not everyone wants a black box in their car, but if they did, they could save money if they drove within road safety guidelines and considered carbon factors. A black box, or telematics scheme, is a literal box attached to the vehicle. The purpose is to monitor driving habits such as acceleration, braking, observing speed limits, etc., for a better picture of how a driver drives. If you drive well, your policy may be cheaper and you will therefore save money. It’s a great option for novice drivers.

Conclusion

Young drivers are inexperienced, which makes them an immediate risk on the road. It takes time to reach the prices that insurers offer people with years of experience behind them, but there are some tricks to reducing a policy to make it more manageable. Don’t forget to shop around as it’s the most effective way to compare prices!

Photo credit

Photo from JESHOOTS.com: https://www.pexels.com/photo/man-inside-vehicle-13861/