Selasa, 17 April 2012

How To Reduce Insurance Costs For Young and Inexperienced Drivers

It is a well-documented fact that car insurance for new drivers is expensive and in many cases costs much more than the vehicle itself. In the UK, insurance is compulsory so there is no getting around the fact that in order to remain on the right side of the law, every vehicle must have third party liability insurance as a minimum. There are different levels of cover, however, third party remains the most basic form of insurance, and even though it is the most basic level of cover, it can still be very expensive for young drivers.
The reasons why insurance is expensive is due to statistics which show the following:
1) A young driver, who just passed their test, is more likely to have an accident in their first year of driving, than at any other time in their driving history.
2) Based on a mile per mile basis, the risk of an accident occurring involving injury, serious injury or death is approximately seven times higher for drivers aged 17 to 20 than for those over 40.
3) Drivers under the age of 21 are involved in some way or another in 15% of accidents resulting in death.
4) Even though young drivers account for 10% of license holders, they are responsible for approximately 30% of all road accidents.
Based on these statistics, car insurers look at the risks posed by young and inexperienced drivers and base their price on statistics and likelihood of having to pay out on a claim.
There are several measures a young and/or inexperienced driver can take in order to reduce their insurance premium such as:
1) Additional driving courses such as the pass plus test which costs approximately £150.00. Some companies will offer up to 35% discount on their insurance.
2) Volunteer to pay a higher excess. The most common excess is £150.00, however, by volunteering to pay a higher excess, the insurance premium will be lower in most cases.
3) Clean driving license. A clean license demonstrates to an insurance company that they are dealing with a cautious driver hence being looked favourably upon when calculating the costs.
4) Paying for the insurance in one go. This will avoid paying interest, unless the insurance company is offering monthly payments interest free.
5) Shopping around, this can pay dividends as there can be a considerable difference between one insurance company and another, according to the ABI it can be as much as 35%.
6) Due to statistics, females pay slightly lower premiums and there are some companies which specialise in insuring women only.
These are just a number of pointers which will assist a young and inexperienced driver in reducing their insurance costs.
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Offering some of the most competitive driving lessons rates in the local areas and impressive pass rates, they also have fully qualified ADI driving instructors including female driving instructors.
Simply Driving Lessons specialise in a range of driving courses and lessons including intensive driving courses, Check Test training, Pass Plus driving lessons as well as standard driving lessons for all learner drivers, no matter their age.