Car Insurance for Young Drivers

Lamborghini Murceilago LP 640 crash in the Mumbai

After going through the process of becoming a licensed driver, most young people can’t wait to get on the road.  Now that you have your license, you may think all your obstacles are finally out of the way.  However, young people are faced with some of the highest driver’s insurance rates.  In many cases the cost of your insurance may even exceed the cost of your car. These price hikes cannot be avoided, but there are a few things you can do to cut costs.


Have a look around –

With price comparison sites including who provide young driver insurance offering some of the best deals on the market you can compare policies and ultimately find the best deal. Make sure you also have a look at payment methods, as many insurers increase the price of your insurance if you are paying by direct debit. It might be better to ask your parents for your loan and pay them the money back on a monthly basis; this could potentially save you a large amount of money.

Look into young driver schemes –

There are several different young driver schemes out there, including, as I am sure you will have heard, “black box” technology. These boxes evaluate how you drive and reward safe driving. Some of these may also require you to add your parents as named drivers on the policies, but you will still be the main driver. If you are the main driver or owner of a car, you cannot insure the car in your parents’ name. This is known as fronting and is illegal.

Look at all the factors –

You can also cut your insurance costs by purchasing a sensible car, with a small engine. You should have a look at the cars in the lowest insurance brackets to see what insurers are looking for. There are a number of ways that you can cut your insurance, but whatever happens your premiums may still be high.


Also see – Steps to take after a Car Accident

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Image Credit – VKMAG