We've reviewed independent expert sources to come up with candidates for the accolade "Best Young Drivers Insurance 2016". They are as follows:
- Churchill Car Insurance - DriveSure
- Aviva Young Driver Insurance
- Bell Insurance - Plug and Drive
- Admiral - Little Box
- Marmalade - New Driver Insurance
- Direct Line - Drive Plus
- Co op Young Driver Insurance
- Hastings Direct - Smart Miles
- AA Young Driver Insurance - Drive Safe
- Coverbox (Zurich)
Read on for:
- How we came up with our Top 10 Young Drivers Insurance List
- Latest News on Young Drivers Insurance
- What is Black Box Car Insurance?
- Which companies offer Black Box Car Insurance for Young Drivers?
- How can you compare Young Drivers insurance?
- Top tips to get cheaper Young Drivers insurance quotes
- Young Drivers Insurance Reviews
How we came up with our Top 10 Young Drivers Insurance List
The cost of car insurance for young drivers varies enormously based on a very wide range of factors, including the age and driving experience of the young driver, what insurance group the car being insured is in, and postcode. Comparison sites like Gocompare.com do a good job on enabling you to check prices from different insurance companies, based on these factors. For this reason we focused on reviewing research about the quality of the insurance cover being offered.
Our review methodology was as follows. First, we looked at Which's review of car insurance - and particularly at the total score awarded, and their "Recommended Providers". Then we looked at an independent financial services review firm's ratings for the comprehensiveness of cover each providers' policies offer for young drivers. Finally, we looked at the popularity of the different providers of Young Drivers Insurance by analysing the proportion of quotes that result in a policy sale.
Latest news on Young Drivers Insurance
Many will be amazed to hear that the cost of young driver car insurance is finally, finally coming down. That’s the good news. The bad news is that it is still likely to cost more than the price of many people’s first car – and certainly still well in excess of £1,000 (just not in excess of £2,000 as it was when we originally wrote this article in 2014).
Another interesting development has been the recent launch of Marmalade's Cars for Young Drivers scheme. This offers young drivers from age 17 free car insurance for 12 months when buying a new car on finance. Prices start from £175 a month, with £500 deposit payable up front, and cars from popular manufacturers like Fiat, Ford, Vauxhall, Kia, and Peugeot are available.
But what’s driving the reduction in insurance prices, and how can younger drivers use this to be sure to get the best deals available? The answer is a combination of the use of newer technology (the so-called "black box") and good ol’ market competition.
What is Black Box Car Insurance?
The black box (known as "telematics" to those who work in insurance companies) enables insurers to track driving style and enables them to predict which drivers are more / less likely to have accidents.
Black box insurance policies typically re-assess the price of insurance based on the data from the black box - either monthly, quarterly, or annually. Generally, driving shorter distances, at lower speeds, during the day time (as opposed to at night), with controlled acceleration and cornering results in lower insurance premiums over time.
Learn more about black box insurance by reading our expert guide here.
Which companies offer Black Box Car Insurance for Young Drivers?
The companies in our Young Drivers Top 10 who offer black box insurance are:
- Churchill Car Insurance (DriveSure)
- Bell Insurance (Plug and Drive)
- Admiral (Little Box)
- Direct Line (Drive Plus)
- Co op Young Driver Insurance
- Hastings Direct (Smart Miles)
- The AA (Drive Safe)
- Coverbox (Zurich)
Other well-known providers of black box insurance include:
- Insure The Box
- Drive Like a Girl
- Auto Saint
- Fair Pay Insurance
- Swinton (Drive It Down
- Drive Smart
- Wise Driving
Learn more out about the 8 best black box providers here.
How can you compare Young Drivers Car Insurance?
As in most markets where prices are high, competition has entered. For many the huge number of brands is not just bewildering but actually downright unhelpful. This is where the price comparison websites can help (for example Confused.com and Gocompare.com). On these sites you enter your details once and in return you’ll receive back price quotes from a number of insurers who are, in effect, competing for your business.
However, there are some limitations with comparison sites for Young Drivers. Be aware that simply picking the company at the top of the list (ie the cheapest) might not actually get you the cheapest or most appropriate cover.
- Many insurers are not to be found on these price comparison websites, including Direct Line and Aviva, who have an innovative app focused on helping younger drivers to reduce their premiums
- Some policies are tailored to specific groups of younger drivers and may therefore provide more relevant or tailored cover to these groups - for example, (Endsleigh has insurance cover designed specifically for students
- To reduce the cost of their policies many insurers have stripped back what is included. So be sure you know that what you’re buying is what you need. For example, watch out for policies that only cover limited mileage (eg a 3,000 mileage policy for drivers may not work for those who have a 25 mile daily round trip to work or college). Some don’t cover windscreen damage (typically £35 - £75 to repair a chip, more to replace if it can’t be repaired). Others strip out legal expenses cover, which pays out if you need to contest an insurance decision.
Top tips to get cheaper Young Drivers insurance quotes
- You could buy your insurance with as high an excess as your selected insurer will allow, and then separately insure this excess. The likelihood is that this will reduce your premium level overall. Importantly you will not be able to make a claim up to the level of the excess selected, but successful claims above that level will be paid out in full. Importantly this route can help build up a No Claims Discount by preventing smaller claims.
- Build your own history of a No Claims Discount and some insurers will allow you to do this without having a policy in your own name (for example, The AA), while others will let you carry forward your learner driver track record into a full driver policy (for example, Provisional Marmalade).
Young Drivers Insurance Reviews
Read our expert, independent reviews to learn more about the Young Drivers insurance companies featured in the Top 10 - and the ones who missed out:
- Aviva Car Insurance Review
- Admiral Car Insurance Review
- 1st Central Car Insurance Review
- Carrot Insurance Review
- Endsleigh Car Insurance Review
- The AA Car Insurance Review
- Churchill Car Insurance Review
- Marmalade Car Insurance Review
- Ingenie Insurance Review
- Bell Car Insurance Review
- Drive Smart Insurance Review
- Wise Driving Insurance Review
- Hastings Direct Car Insurance Review