Car Insurance for 19 Year Olds
You’ve passed your test, you’ve bought yourself a car and you’re just about ready to get out on the road but there’s one final hurdle left – insurance. Unfortunately for 19 year old drivers, car insurance can be often scarily expensive, but there are always ways to save.
We’ll explain why insurance costs as much as it does for 19 year olds, as well as how to save money wherever possible.
Why is car insurance so expensive for 19 year olds?
Car insurers work out the costs of the policies they offer on a risk assessment basis, with those deemed more at risk of making a claim paying more for their cover.
Drivers aged between 17 and 25 are, unfortunately, one of the highest risk groups on the road, indeed a third of all fatalities on the road are caused by drivers in this age group, and the prices of policies offered to them reflect this.
However, while 19 year olds will ultimately not be able to avoid paying more than an older, more experienced driver, that doesn’t mean costs have to be sky high.
Below are a few of the ways in which you can cut the cost of your cover.
Choice of Car
If you’re yet to buy your car, then you can ensure you get a better deal on your insurance by opting for a car than falls in one of the lowest of the 50 car insurance groups.
Cars are categorised according to things like engine size and repair costs by the Group Rating Panel in an effort to provide a guideline for insurers to work out the costs of their policies.
So you’ll get a better deal on your insurance if you’re driving a Vauxhall Corsa than you would if you were driving a Porsche 911 for example.
Bear in mind that any modifications you make to your car are likely to push it up to a higher group, so you should always check with your insurer before you modify your vehicle.
Black Box Insurance for 19 Year Olds
Another great way to get cheaper car insurance as a 19 year old is to go for a black box or telematics policy.
You might be a perfectly capable and safe driver yourself, but find that you’re frustrated at being tarred with the same brush as those young drivers responsible for the negative statistics mentioned earlier. A black box policy is a great way to get around this.
When you take out a black box policy, you’re insurance provider will install a small tracking device in your car that monitors and records your mileage, your speed and your braking and cornering. The more carefully you drive, the cheaper you policy will become.
Named Driver Insurance
If you share your car with someone else, then you could both save money on insurance by having one of you added to the other’s policy as a named driver. So long as the primary user of the vehicle is down as such on the policy, and whoever is down as the named driver actually is the secondary user, taking out a policy like this is a reliable way to share the costs of your insurance.
It is important that you don’t lie about who is the main driver though as if you are caught out when you come to make a claim you may find your policy invalidated.
Compare Car Insurance for 19 Year Olds
Whatever your insurance needs are, if you compare quotes for car insurance for 19 year olds with Money Expert, we guarantee that you’ll find the best deals on the market.
Head over to our car insurance comparison page and start saving today.