The Young Driver’s Guide To Driving Insurance
When you first considered learning to drive you may have heard the words ‘driver’s insurance’ bandied around quite a bit. If you’ve passed your test and you’re to whizz around in a vehicle of your own, you may be wondering if driver’s insurance is an essential thing to have and the answer is YES. But how much is it, and how do you find the right insurance deal for you? We’ll run through all this and more in our quick-fire young driver’s insurance guide.
What is driver’s insurance?
Beginning with the basics, driver’s insurance is there to cover the costs if you have an accident on the road. Whether the damage to your car is your fault or not, you’ll need to make a claim through your insurance.
How it works?
If the accident was the fault of another driver then their insurance will cover the cost of repairs etc. If you’re at fault your insurance will cover the costs and you will pay what’s called an excess.
What cover is right for me?
As with any insurance, it can be baffling to know which type of insurance you actually need. Driver’s insurance can generally be broken down into two main types:
- Third party – This is recommended if your car is worth less than a few hundred pounds or if you can afford.
- Fully comprehensive – If you would struggle to afford a replacement car if it was written off in an accident, it’s recommended that you get fully comprehensive insurance. It can even cost less than third party insurance, so it’s worth shopping around.
Driver’s insurance can be expensive, how can you bring the costs down?
For some young drivers getting a decent insurance quote can be the difference between being able to afford a car and not. Whilst this won’t help everyone buy a car as soon as they’ve passed their test, these are some quick-fire examples of ways you can bring the costs of car insurance down:
- Choose a car that’s in a lower insurance group. These range from 1 – 50 with 1 being the cheapest to insure.
- Add a second, low-risk driver (in other words an experienced driver with a clean record)
- If you’re not planning to drive many miles each year, make sure you let an insurance provider know. Less miles driven usually means a lower insurance cost.
- Make sure to use price comparison sites or an insurance broker to help you shop around for a good quote