According to research by the road
safety charity – BREAK - only one eighth of drivers on Britain’s
roads are under the age of 35, but as many as one quarter of drivers
involved in collisions and other accidents are in this age group.
Another statistic tells us that male drivers under the age of 21 are
ten times more likely to have a car accident than those aged 35 or
over. Such figures exemplify the kind of evidence persuading
insurance companies to charge young drivers some of the highest
premiums around. Here are some tips for drivers new to the road on
how to cut costs.
Firstly, young drivers should perhaps
aim to earn a no claims discount on their
car insurance policies. Some
companies like Co Operative actually offer up to a 70% no claims
discount when you buy; a reduction in the premium when it is time
for the insurance policy to be renewed. To earn the discount, you
should always follow the Highway Code, stay free of any speeding
tickets and avoid clamping fines. Showing that you are a
consistently cautious driver, who obeys rules, will foreground your
reliability, convincing your insurance company that your involvement
in an accident is unlikely.
Secondly, it is a wise move to keep up
with any studying! Insurers and brokers, including such companies as
AA car insurance, offer discounts of up to 35% off the first year’s
premium for young drivers who take the standard Pass Plus Test. This
is an exam that you take after the initial driving test to improve
your skills in advanced observation and hazard awareness. It
involves six practical modules that provide you with extra
experience in driving in towns, rural lanes, on dual carriageways
and in difficult weather conditions. The Pass Plus Test costs £120
for a minimum of six hours tuition. It may seem like a superfluous
expense, but this really would be money well-spent.
Lastly, drivers who buy smaller cars
with a low engine size can significantly reduce insurance costs.
Rather than the slow and expensive task of telephoning different
insurers, there are a multitude of online databases that compare
quotes from a range of firms that can help drivers work out which
brand and size of car may have cheaper first year premiums. Fitting
your car with an alarm and immobiliser will convince your insurer
that not only are you safety-aware, but also that your car is less
likely to be stolen, factors which will encourage him to settle for
a lower insurance charge.