While insuring 17 and 18-year-olds can be expensive – it’s not all doom and gloom. The price of insurance isn’t all in the hands of providers. There are steps 17- or 18-year-olds and parents of young drivers can take to slice premiums. These include:
Choosing the right car – Compact cars with smaller engines cost less to insure than large cars with higher-performance specifications.
Avoid modifications – Modifications do two things. They increase the car’s value – making it naturally more expensive to insure. And they also increase the likelihood of having an accident if mods are fitted improperly or by giving the driver a false perception of improved performance and handling – leading to reckless driving.
It’s not uncommon for insurance providers to void drivers’ policies if any illegal or undocumented modifications are found on the car in the event of an accident.
Consider additional qualifications – Any evidence you can show an insurance provider that lowers your risk factor goes a long way towards reducing insurance premiums.
Additional courses – like the Pass Plus scheme – demonstrate to insurance underwriters that you’re committed to being as safe as possible on the road. This makes you less of a risk to insurance companies and is rewarded with cheaper premiums as a result.
Look at different policy types – Telematic insurance policies – or ‘Black Box‘ insurances as they’re commonly known – can slice the cost of insurance provided the driver’s vehicle data indicates safe driving and they follow the prescribed policy guidelines.
Only insure when you need to – Insurance over a year can be very costly for a young driver. Veygo’s temporary car insurance and learner driver insurance options mean you can insure your car only when you need it, helping to make insurance cheaper.