Teenage Car Insurance
Teenagers have the higher car insurance premiums out of any group of people in the UK. They are viewed as the most dangerous drivers and there are plenty of statistics to support this view. One in five teenagers are involved in a crash within their first five years of driving. This means that insurance companies will charge a lot more for these drivers than others. This is because they are more likely to make a claim.
For a long time these high rates were reserved primarily for male drivers but in the last few years a bill has been passed that means this is no longer the case. It was viewed as discriminatory to charge people higher rates, purely based on their gender. This means that female drivers have seen their rates rise by around 30% in the last few years.
However there are still many ways in which you can save money on your car insurance, even if you are a teenager.
How to save money on teenage car insurance
First things first you want to make sure that you are getting the best deal on your car insurance and are not missing out on the better deals in the market. The best way to see if you are paying too much for your car insurance is by comparing the different rates being offered by different companies. Doing this by manually checking each and every insurance company would be a very long and difficult process. Fortunately, here at our website we offer a free and impartial price comparison service that allows you to check all the best rates on the market right now. This means that you are able to see which company offers the best rate for your specific situation.
Another way that you can make sure that you are saving money on your car insurance is by installing additional security on your vehicle. This means that it will be less easy to break into or steal your car, which means that you won’t be seen as such a high risk customer by the insurance companies. A few devices that you might want to consider are steering wheel locks or immobilisers. These devices don’t cost that much money and are widely available in many stores or online. In fact these devices will almost certainly pay for themselves with the amount of money that they will save you on your insurance premiums.
You should also consider what type of car it is that you are going to buy as each different type of vehicle falls into a specific insurance group. This means that if you buy a car in a high insurance category, you will end up paying more on insurance. Generally speaking, cars with more powerful engines are the most expensive to insure. This is because they are seen as having a higher risk of being involved in an accident. Cars from more expensive makes are also more expensive because they generally cost more to repair and the fees charged for spare parts is also higher.
Black boxes are also a good way to save money on your car insurance because they are able to prove whether or not you are driving safely. These boxes work by sending information to your insurer about how you are driving. If you don’t exceed the speed limit or brake to sharply then your insurer will see as being at a smaller risk of being involved in an accident.