Although the cost of insurance for young drivers has fallen since we started our campaign last year, it still averages over £1000. We'll never stop demanding insurance companies do a better job for young drivers - but we thought it would be helpful to provide some tips you can use to lower your insurance costs right now.
Tip 1: Be smart about getting quotes
Although comparison sites like Confused.com are a quick & easy way to get multiple quotes, they have a couple of drawbacks. First, they don't cover every insurance company; and second, they are more focused on price rather than the quality of the insurance. So, we've reviewed independent research on the options for young drivers to come up with a Top 5 we'd suggest you try:
- Co op Young Driver Insurance - 17 out of 20
- Aviva Young Driver Insurance - 16 out of 20
- AA Young Driver Insurance - 15 out of 20
- Churchill Young Drivers Car Insurance - 13 out of 20
- Endsleigh Car Insurance - 13 out of 20
You can read how we scored the different companies here and we've listed the eight best black box providers here.
Tip 2: Increase your excess to lower your quote
Once you've found the best quote, you can often make it cheaper by increasing the excess to £1000 (the excess is the amount you have to pay if you make a claim on your insurance). In fact, our research suggests this can save you as much as £400 per year.
You can then buy a separate policy to insure your excess for only £39.99, so you're covered if you do need to make a big claim.
Tip 3: Rethink your choice of car
The smaller your's engine car, the cheaper it will be to insure. Choosing a car in Insurance Group One will make a massive difference to your quotes.
The effect might even be enough to make a new car affordable. Recently Marmalade have started offering 12 month's free insurance when you buy a new car through them. With prices starting at £175 a month, it's an interesting alternative solution to getting cheaper car insurance. Read more about this here.
That's it. Let us know how you get on with these in the Young Drivers Insurance forum - or if you have tips of your own you'd like to share.
This article was independently written by Bought By Many. We were not paid to write it, but we may receive commission for sales that result from you clicking on a link to one of our partners.
