As you know, young driver insurance is expensive if you have already insured a vehicle. But this doesn’t have to be the case, thanks to the insurance comparator. Through this file, we will explain why this insurance costs more than for an experienced driver and how to make a young driver quote to pay less.
The price of a young driver insurance
For the record, a young driver is a person who obtained his license less than 3 years ago or who has never been insured. This is the case if you drive, for example, your spouse’s or your parents’ car or if you have a company car and you are not registered on the contract.
To understand the higher price of a young driver’s insurance policy, you must first understand how the premium is calculated. Insurance companies take risk into account. They consider that a person with little experience is a greater risk. Therefore, they apply a premium surcharge.
The first year, the increase will be 100%. For example, for the same vehicle, an experienced driver will pay dollarss500 while the young driver will pay dollarss1,000. In the second year of driving, the surcharge is 50% and 25% in the third year.
Note that if you have opted for supervised driving, this increase is respectively 50%, 25% and 12.5%. This will be calculated if you are not responsible for an accident during the three years of your probationary licence. Otherwise, you will have to pay a malus in addition.
How to reduce the amount of your young driver insurance quote ?
As you can see, the first solution is to opt for accompanied or supervised driving, which significantly reduces the increase in premium and therefore the cost of your young driver’s insurance.
The second solution is to choose your car insurance carefully. You have the choice between different types of guarantees such as third party car insurance, comprehensive insurance and intermediate third party insurance. This last solution consists in insuring your car for third party risks while subscribing to additional guarantees such as glass breakage, fire, theft, etc. It is preferable not to take out comprehensive coverage, as this would have a negative impact on your young driver’s insurance quote.
The third solution is to choose a vehicle adapted to the young driver. We have advised you to take out third party insurance, or even intermediate third party insurance, so the value of your vehicle must not be too high. For that, avoid a new or too recent vehicle. On the other hand, choose a car that is not too powerful, again your insurance quote would be higher. Finally, choose a small car to lower your young driver car insurance premium.
Finally, of course, we can only advise you to use an insurance comparator. Why? Simply because you will be able to obtain a number of young driver insurance quotes in order to compare offers. The prices of insurance are free, you will quickly see that with the same guarantees, you will be able to save up to several hundred dollars on your quote.
Where can I ask for a quote when I am a young driver ?
There are two solutions. The first is to contact an insurance company you know (your parents’, your spouse’s, etc.) and ask for a quote for young driver insurance. You can also contact other companies to compare prices.
The second solution is much simpler. It is, as mentioned before, to use an online insurance comparison service. It’s simple, fast and free. In a few minutes, you’ll get quotes from dozens of insurance companies, and then it’s up to you to make the best choice according to the guarantees offered.
How to ask for an online young driver insurance quote ?
As you will see, it’s very simple. You don’t need to be a computer expert to get the best price for your car insurance.
All you have to do is provide some information about your vehicle and your profile. Your comparator will ask you, so that you can get the most accurate young driver insurance quote possible, your age, your marital status, your profession, the type of license you have, whether you have undergone supervised training and whether your license has ever been suspended. To find out if you are a young driver, the date you obtained your license is also required.
Then, you can enter your license plate or select the model of your vehicle. The young driver insurance quote comparator will also ask you for the date of first registration, the date of purchase, the number of kilometers, the use of the vehicle (private, commuting to work, etc.) or the place of parking.
All this information is used to evaluate the risk and will allow the car insurance comparator to find the best offers for you. The objective is to offer you the most targeted young driver insurance quote possible and to satisfy you in terms of rates.
You wish to find a cheap young driver insurance quote and thus take full advantage of your new autonomy? Find our insurance comparator. In just a few minutes, without leaving your home, you can save an average of 335 dollars. It’s worth a try, especially since this quote request process does not commit you to anything.