We've reviewed independent expert sources to come up with candidates for the accolade Best Young Drivers Insurance 2018. They are as follows:
- Churchill Car Insurance - DriveSure
- Direct Line - Drive Plus
- Hastings Direct - Smart Miles
- Aviva - Motor Insurance with the Aviva Drive app
- Tesco Bank - Box Insurance
- Co-op - Young Driver Insurance
- Admiral - LittleBox
- Bell Insurance - Plug and Drive
- RAC - Black Box Car Insurance
- Coverbox - Car Insurance
- Wise Driving - Intelligent Car Insurance
- Marmalade - New Driver Insurance
- Ingenie - Car Insurance
- Insure The Box - Private Car
Read on for:
- How we came up with our Top 14 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 14 Young Drivers Insurance List
The cost of car insurance for young drivers can vary enormously because it is based on factors such as the age and driving experience of the young driver, the model and insurance group of the car being insured, and your postcode.
Comparison sites like Gocompare.com allow you to check prices from different insurance companies, based on these factors. Because it's easy to check prices on these sites, we've decided to focus on the quality of the insurance to create our list of the best young driver insurance.
We looked at Which's review of car insurance - and particularly at the total score awarded, and their "Recommended Providers". We then looked at an independent financial services review firm's ratings for the comprehensiveness of cover each providers' policies offer for young drivers.
We only considered insurance companies that have policies or tools specifically aimed at young or new drivers.
Latest news on Young Drivers Insurance
After a period of falling insurance costs, it looks like car insurance prices are on the rise. Although older people seem to be facing the steepest price increases, young drivers aren't immune.
According to Confused.com, 18 year olds are paying the highest premiums. Their average is £2,114. Seventeen-year-olds are paying a little under that - an average of £2,003, while 34-year-olds are paying £655. However, it looks like Confused.com uses data from comprehensive car insurance policy quotes, which can be expensive.
There may be cheaper policies but young drivers are still likely to find their premiums are well in excess of £1,000, which will be more than the price of many people's first car, especially if it is in group 1. Find out more with our guide to how much UK car insurance costs.
That is because insurance companies base their pricing on average data for age groups and young people tend to claim more. Black box policies can be cheaper for young people because the information the box records can prove the driver is safer than insurer's data would have them believe (as long as you actually drive safely!).
Another interesting development has been the launch of Marmalade's Cars for Young Drivers scheme. This offers young drivers (17 years old and up) free car insurance for 12 months when buying a new car on finance. Prices start from £164 a month, with around £500 of deposit payable up front, and cars from popular manufacturers like Fiat, Ford, Vauxhall, Kia, and Peugeot are available.
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 or 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 (as opposed to at night), with controlled acceleration and cornering results in lower insurance premiums over time.
Learn more about black box car insurance.
Some companies have incorporated the principles of black box into apps that can measure your driving ability. Aviva has launched Aviva Drive, which it says helps drivers with a score over 7.1 out of 10 save an average of £170 on comprehensive car insurance.
Which companies offer Black Box Car Insurance for Young Drivers?
The companies in our Young Drivers Top 14 who offer black box insurance are:
- Churchill Car Insurance (DriveSure)
- Bell Insurance (Plug and Drive)
- Admiral - LittleBox
- Direct Line (Drive Plus)
- Co op Young Driver Insurance
- Hastings Direct (Smart Miles)
- Coverbox - Car Insurance
Other well-known providers of black box insurance include:
- Insure The Box
- Drive Smart
- Wise Driving
Learn more out about the nine best black box providers here.
How can you compare Young Drivers Car Insurance?
As in most markets where prices are high, competition has entered.
On these sites you enter your details once and in return you’ll receive 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.
Why price comparison sites are not always best for young drivers
- Many insurers are not listed on price comparison websites, including Direct Line and Aviva
- Some policies are tailored to specific groups of younger drivers and may 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 (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 it). Others strip out legal expenses cover, which pays out if you need to contest an insurance decision.
If you're buying a new car you may be interested in our guide to GAP insurance.
Top tips to get cheaper Young Drivers insurance quotes
- You could buy your insurance with as high an excess as your insurer will allow, and then separately insure this excess. The likelihood is that this will reduce your premium. But be aware that 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 No Claims Discount - some insurers will allow you to do this without having a policy in your own name so you may be able to build it while driving on a parent's policy (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 of companies such as Marmalade insurance and Aviva to learn more about Young Driver insurance:
- Marmalade Car Insurance Review
- Aviva Car Insurance Review
- Admiral Car Insurance Review
- Hastings Direct Car Insurance Review
- Bell Car Insurance Review
- 1st Central Car Insurance Review
- Carrot Insurance Review
- Endsleigh Car Insurance Review
- Churchill Car Insurance Review
- Ingenie Insurance Review
- Drive Smart Insurance Review
- Wise Driving Insurance Review
- MyPolicy Insurance Review