How to get better value
young motor
insurance quotes
There are a few obvious things
that you can do in this context (like comparing lots of quotes) but
there's plenty that isn't necessarily obvious yet can have a major
impact on the price that you pay for your young motor insurance policy.
Clearly, the more you can do to reduce costs, the better. We therefore
outline here some of the key measures to reduce the price of young
motor insurance cover.
Hopefully, you will have bought a modest car in a low car insurance
group. The old system of the 1-20 rating has now been replaced by a
1-50 rating (provided by Thatchem). You should aim to buy a car that's
less than group 10 and, clearly, the lower the better. We tend to
recommend 'city runner' type cars such as a Corsa or Clio. It's even
worth considering a change of car as this can save you thousands over
two or three years.
It's also worth increasing your excess payment, but only if that amount
is acceptable and practical should you be required to pay it in an
accident. We also advise considerable pragmatism in determining
must-have policy features. If you're under 25, it's not a good time to
insit on a policy that includes an automatic courtesy car, for example.
Free courtesy cars are relatively costly to insurance companies and if
you're at higher risk of needing to use one - as young drivers
are - its an avoidable expense.
Some young people choose to allow an older person, generally a parent,
to 'front' their car insurance. That is, they allege that the older
person is the primary driver. Insurance companies are wise to this type
of fraud and it could invalidate your cover; so must be avoided. It's
also essential to steer clear of third party only car insurance as this
does not include cover for personal or passenger injury or losses if
you are at fault for the accident.
You can, however, include an older person as a second driver and,
perhaps surprisingly, this will usually decrease the premium.
Security improvements also merit attention. Add a Thatchem-approved
security device to your car if you can and also review your overnight
parking arrangements. If you can park off-road or in a garage, then do
so.
Some young people don't use their car a great deal, or simply take
short trips. If so, then capping you annual mileage will save money.
Because comparing quotes is helpful, then a price comparison site is a
good resource to use. Do check over the cover before pruchase, however,
the cheapest may not be adequate for your needs.
We also recommend Endsleigh, the young motor insurance specialist. You
can find either of these at the car
insurance supermarket, which we can recommend for routine
use.
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