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Whether you’re buying your first car or borrowing someone else’s car, once you’ve passed your practical driving test, you’ll need car insurance.
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Unfortunately, new driver insurance can be very expensive due to a lack of driving experience. But if you have coverage to your name, you will be allowed to build a No Claims Bonus (NCB), which means access to cheaper car insurance in the future.
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New Driver Insurance is the ideal car insurance for people who have passed their driving test. New drivers can apply for standard car insurance or specialist products designed for new or young drivers such as telematics policies or paid cover.
Whichever type of car insurance you choose, it’s important to understand the different levels of coverage and what they include:
Finding cheap insurance for new drivers can be difficult. This is because young or novice drivers are more likely to have accidents due to their lack of driving experience.
However, when the same driver turns 18, it has dropped by 57 per cent to £3,329.94.
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The more experience you get, the lower your car insurance premiums will be – and they’ll be even lower if you build up your no-claims bonus at the same time.
How much a new driver pays for car insurance depends on many factors, with age at the top of the list. For example, the cost of cover for a new driver drops from £7,813.51 for a 17-year-old to £1,615.73 for a 27-year-old.
Some cars are more expensive to insure than others, so it pays to research quotes for different vehicles before buying a used or new car. (Adobe)
We’ve collected the best tips on how to keep your cover costs down and get the cheapest car insurance for new drivers.
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If you’ve had your own car insurance policy for a year, your insurer will send you a renewal offer – but you don’t have to accept it. In fact, we strongly recommend not automatically renewing your car insurance if you can help it. However, compare prices elsewhere and make sure you have NCB if you are still intact.
It’s best to buy your car insurance about three to four weeks before renewal because – studies show that drivers who delay their insurance until the day they need to renew may end up paying more.
Use a price comparison site to compare drivers car insurance quotes from different insurers. Premiums for new drivers can vary significantly because some insurance companies want these customers, while others deliberately price them out of the market.
When buying your first car, check which insurance group you are buying. All cars are divided into insurance groups from one to 50 – the more powerful and expensive your car, the higher your insurance group will pay. Cars like the Fiat Panda, Ford Ka Plus or Nissan Micra are in Group 1 and therefore the best for insurance. If you buy an old or used car, the insurance premium can be lower because the car is worth less. However, this is not universally applicable.
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The excess on your policy is the amount you have to pay for any claims. All policies have mandatory excess; Adding a voluntary excess will reduce your premium, but make sure you can afford it in the event of a claim.
If you can afford it, it is better if you pay your car insurance premium in a lump sum every year. Most insurers offer monthly payment options, but these are more expensive.
As a new driver, you can add someone with more driving experience as a named driver to reduce the cost of your coverage. Because the signal to the provider who will not always be behind the wheel as another driver is risky.
We found that adding older drivers can save you an average of 10.24 percent on your cover.
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The biggest savings was for a 19-year-old new driver, who saved 17.61 percent by adding his sibling as a named driver.
You must declare your estimated annual mileage when you purchase car insurance. This number may be difficult to calculate as a new driver, but remember that lower mileage means lower risk and lower premiums.
Insurers don’t like modifications like spoilers and tinted windows – changes to your car can lead to higher premiums.
Having an immobilizer or tracker on your car can lower your insurance premiums because they are less likely to be stolen. Dash cameras can be useful in proving what happened in the event of an accident.
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It’s important for new drivers to build up their no-claims bonus – you can do this by driving carefully and not making any claims on your policy. NCB guarantees a discount on the premium at the time of renewal, but remember that many factors affect the cost. Keeping a clean license can also help, as speeding and driving may cost you insurance.
This is an advanced driving course that teaches drivers to improve their skills and drive more safely. Once you complete PASS Plus and get your PASS PLUS certificate, you can get discounts from some insurance companies.
New driver insurance usually costs more than learner driver insurance. Drivers with a provisional license are still driving under supervision, which means less risk for insurance companies.
New drivers who pass their test can drive on their own – but their lack of experience means this demographic presents a higher insurance risk. For example, according to the Association of British Insurers (ABI), only 7 percent of drivers aged 17 to 24 have a license in the UK. collision.
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This also means that young drivers, who make up the largest share of new drivers, are hit hardest by car insurance costs. The latest data from Consumer Intelligence shows that first citations for 25-year-olds increased by 66.9 percent in the year to February 2024, compared to 49 percent for drivers over 50.
As a new driver, you don’t need to take out a regular annual car insurance policy. There are some special options that can save you money, or suit your needs:
With a telematics or black box insurance policy, your insurer will monitor your driving habits through a device installed in your car. Drive well and get low coverage.
New drivers can lower their car insurance premiums by adding adults (for example, one or two parents) as named drivers on the policy. However, it’s important to be honest about who actually drives more cars – lying to get lower premiums is called fronting and is illegal.
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If you only drive fast and plan to borrow someone else’s car, you may want to consider temporary car insurance. This will allow you to get insurance from one hour to several months. Importantly, if you are involved in an accident, it will not affect the car owner’s bonus claims.
Sometimes called pay-per-mile insurance, this type of policy charges an insurance fee for every mile you drive. Your distance is measured by the telematics device in your car. Car insurance can be a good value when paying for frequent drivers, but it can be expensive if you want to increase your mileage.
As an alternative to pay-per-mile insurance, if you drive 6,000 to 7,500 miles per year, you may want to consider a low-mileage car insurance policy. This policy is cheaper than regular coverage because it means you are less on the road and therefore less likely to have an accident.
“It is worth considering taking out the policy of telematics where the insurance company installs a box in the car to track driving. If you drive sensibly, you should start to see some financial rewards for that. If you only think about driving occasionally, it can make sense to skip the annual policy all A new type of insurance Offer coverage by day or hour If you have a car, it is important not to allow your parents to do this “fronting” and can void the insurance entirely if the insurer finds.
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Car insurance policies vary in terms of coverage for new drivers. Some of the following items are covered as standard on a new driver’s insurance policy, while others may be covered for an additional fee.
When choosing