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How Young Drivers In The Uk Can Reduce Their Car Insurance Premium
By Richard Jenkins
The reason new and young drivers car is so expensive is simple; young and new drivers are a far bigger risk to insure than the average car driver. Newly qualified UK drivers are more likely to have an accident during their first year of year of driving than at any other time.
Per mile of driving, the risk of an accident involving injury or death is about seven times greater for 17-20 years old than for those aged 40 or over.
Young drivers under 21 are involved in 15% of all car accident deaths.
New drivers make up just 10% of license holders, but are involved in 29% of accidents.
The following tips will help reduce the cost of young drivers car insurance:
1) Pass the Pass Plus driving exam. This is an intensive training course which improves the driving skills of new and young drivers. Most car insurers will offer a discount of up to 35% to anyone young driver with a pass plus certificate.
2) Adding a named older driver to your car policy, i.e. your parents, can save you 10% on your premium. Likewise, avoid having younger named drivers on your policy.
3) Pay your car annually. It costs less to pay your premium in one go than it does to pay it off in monthly installments. If you do pay by installments then most car companies will charge an interest of around 15% APR which can add an extra £100 to your premium.
4) Increase the excess that you volunteer to pay. All car companies demand you pay a minimum amount towards any claim. As a rule the standard amount is £200. If you volunteer to pay a higher amount you could save on your car premium.
5) Beef-up your car security. Thatcham
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approved car alarms are recognized by all insurers and most will discount your premium if you have these fitted. If you have a garage then use it. Your car is less likely to be stolen from your garage or from your drive than if it is parked in the street. companies will recognize this and offer cheaper premiums.
6) Be female. Car for women is cheaper. Why? Because the average female is a safer driver than the average male.
7) Buy your car policy online. Most car companies offer a discount of around 10 % if you buy online.
8) According to the Association of British Insurers it is possible to save 35% on a young drivers car premium by simply comparing several companies against each other. As young drivers such a discount can be considerable. So get as many quotes, online or otherwise, as you can. It will save you money. | 