Young drivers in the UK face better coverage quotes because of their loss of experience. This blog covers everything you need to know about young driver insurance, including the best companies and their rates.
As a young driver in the UK, getting car insurance can be a daunting task. Insurance companies charge higher rates to young drivers due to their lack of experience on the road. However, there are several companies that offer affordable rates for young drivers. In this blog, we'll go over everything you need to know about young driver insurance in the UK, including the best companies and their rates.
What is Young Driver Insurance?
Young driver insurance is a type of car insurance policy specifically designed for drivers aged between 17 and 25. Insurance companies charge higher rates to young drivers due to the increased risk of accidents associated with their lack of experience on the road. However, some insurance providers offer policies that are tailored to the specific needs of young drivers, such as black box or telematics policies.
Black box insurance policies involve fitting a device to the vehicle that records the driver's behavior on the road, such as speed, acceleration, braking, and cornering. The data collected is used to calculate the driver's risk level, and the insurance premium is adjusted accordingly. Telematics policies work in a similar way but use a smartphone app to track the driver's behavior.
Best Companies for Young Driver Insurance
There are several insurance providers in the UK that offer policies specifically designed for young drivers. Here are some of the best companies for young driver insurance:
1- Admiral
Admiral is a popular insurance provider in the UK that offers several policies specifically designed for young drivers. Their young driver policy, called LittleBox, involves fitting a black box to the vehicle to monitor the driver's behavior on the road. Based on the data collected, Admiral adjusts the insurance premium every three months. Admiral also offers a MultiCar policy that allows young drivers to add their car to their parent's insurance policy.
2- Marmalade
Marmalade is another insurance provider that specializes in policies for young drivers. Their New Driver policy involves fitting a black box to the vehicle, and the premium is based on the data collected. Marmalade also offers a Fuel & Go scheme, which includes a new car and insurance in one package.
3- Direct Line
Direct Line is a well-known insurance provider that offers a DrivePlus telematics policy for young drivers. The policy involves using a smartphone app to track the driver's behavior on the road, and the premium is adjusted accordingly. Direct Line also offers a MultiCar policy that allows young drivers to add their car to their parent's insurance policy.
4- Co-op Insurance
Co-op Insurance offers a Young Driver policy that involves fitting a black box to the vehicle. The policy includes a driving feedback app that provides tips on how to improve driving skills. Co-op Insurance also offers a telematics policy called Smartbox, which uses a smartphone app to track the driver's behavior on the road.
5- Aviva
Aviva is a popular insurance provider in the UK that offers a black box policy for young drivers called Aviva Drive. The policy involves using a smartphone app to track the driver's behavior on the road, and the premium is adjusted accordingly. Aviva also offers a MultiCar policy that allows young drivers to add their car to their parent's insurance policy.
Exact Cost of Young Driver Insurance
The cost of young driver insurance varies depending on several factors, such as the driver's age, the type of vehicle, the location, and the level of coverage. Certainly! Here are some examples of the average cost of young driver insurance in the UK:
- A 17-year-old driver with a small car could expect to pay around £1,500 to £2,500 per year for insurance.
- A 21-year-old driver with a small car could expect to pay around £700 to £1,200 per year for insurance.
- A 25-year-old driver with a small car could expect to pay around £500 to £800 per year for insurance.
It's important to keep in mind that these are just averages, and the actual cost of insurance will vary depending on individual circumstances.
Tips for Getting Cheap Young Driver Insurance
While young driver insurance can be expensive, there are several things you can do to lower the cost:
- Choose a smaller car - Smaller cars are typically cheaper to insure, as they're less powerful and less likely to be involved in accidents.
- Consider black box or telematics policies - Black box and telematics policies are often cheaper for young drivers, as they incentivize safe driving.
- Increase your excess - Increasing your excess, or the amount you pay in the event of a claim, can lower your insurance premium.
- Add a more experienced driver to your policy - Adding a more experienced driver, such as a parent, to your policy can lower the cost of insurance.
- Shop around - Don't settle for the first insurance quote you receive. Shop around and compare rates from different providers to find the best deal.
Final Thoughts
Young driver insurance can be expensive, but there are several insurance providers in the UK that offer affordable policies for young drivers. By choosing a smaller car, considering black box or telematics policies, increasing your excess, adding a more experienced driver to your policy, and shopping around, you can lower the cost of insurance and get the coverage you need.
Remember, it's important to choose an insurance provider that meets your individual needs and offers the coverage you require. Consider factors such as customer service, claims handling, and additional benefits when choosing an insurance provider.
With the right insurance policy and safe driving habits, young drivers can enjoy the freedom and independence of driving while staying protected on the road.
