This was revealed by a MOTORS expert Seven ways young drivers can keep their car insurance costs down.
As the cost of living continues to rise and the average annual cost of car insurance increases, many people are looking for ways to save money.
And car insurance for novice drivers, especially those between the ages of 17 and 25, can be expensive.
Therefore, it is important to shop around and explore all options before deciding on an insurance policy.
It is known that in order to make insurance cheaper, motorists can pay for the annual policy in advance; However, if paying all at once is too costly, you can opt for a monthly payment.
But now a driving expert has revealed seven simple tips young people can use to keep their costs down and save some money.
experts at Quotezone.co.uk I said these seven ways can help reduce insurance spending.
1. Check your mileage
According to experts, the more kilometers you collect with your car, the more you pay for your insurance.
So by making sure you have a realistic idea of how much mileage you’re doing per year, you can stay in a lower range and save money.
Quotezone said: “When purchasing insurance, you will be asked to estimate your annual mileage.”
“The costs will gradually increase. The more kilometers you drive, the more you pay. So try to be accurate and realistic in your prediction.”
2. Park in a safe place
The location where you park your car can also affect your insurance.
Young drivers face higher premiums for parking their vehicle on the street than in a garage.
When possible, parking in a garage or even in a driveway can help save money.
Experts said: “Car owners who use their garages, driveways or carports for overnight parking can make huge savings on their car insurance – by parking on driveways rather than on the street you can save on average over £140 each year.”
“Carport owners can do even better, saving an average of £230.”
3. Consider changing to a smaller motor
The car itself can also have an impact on the insurance, as both engine size and horsepower are taken into account.
So if you’re looking to lower your premiums, consider switching to a smaller-engine vehicle.
They advised, “Be sure to check your vehicle’s engine size and horsepower, both of which can affect the cost of your premium.”
“Also, some small engines have a turbocharger that can give them more power than expected, which will likely lead to an increase in the premium.”
4. Consider a black box
With the help of black boxes, the insurer can monitor your speed and driving behavior and thus prove how safe you are driving.
So if you are a good and safe driver this could result in cheaper premiums.
Quotezone said: “Young drivers or drivers with penalties may be able to get cheaper insurance by opting for telematics insurance or black box insurance.”
“It immediately starts collecting data about his driving behavior. If he is a good and safe driver, this can help the insurer classify you as less risky and can result in a more competitive price.”
5. Keep changes to a minimum
Car owners may want to make a few modifications to their car to make it stand out and make it more personal.
However, changes can increase your sum insured.
So another way to save money is to make as few changes as possible.
The experts said: “It’s no surprise that installing a custom exhaust or installing lowered suspension can result in an increase in insurance premiums, but even seemingly innocuous changes like adding branding to a vehicle can impact costs.” “
6. Avoid penalty points
While penalty points don’t always mean motorists have to pay a hefty fine, they do increase your insurance costs.
If you end up with three points, the bonuses can increase by % percent.
A six-point penalty, on the other hand, could result in a 25 percent increase.
They advised, “Penalty points on your driver’s license can not only result in a hefty fine, but also skyrocket your insurance costs.”
“Drivers can expect rewards to increase by 5 percent for three points and 25 percent for six points if they start with a clean license.”
7. Look for insurance
Researching insurance can help young drivers find the best deals as it’s an incredibly competitive market.
If you get an overview before your policy is due, you can keep the costs down.
Quotezone said: “Car insurance is competitive and it always pays to be on the lookout for the best deals. Three weeks before your policy expires, costs are usually most competitive and you must never allow your policy to be automatically renewed.”
Cheapest car brands for insurance for drivers between 17 and 24 years
Make of Car – Average Estimated Insurance Premium (Number on UK Roads)
- Volkswagen Polo – £966.04 (678,000)
- Renault Clio – £998.11 (330,927)
- Opel Corsa – £1,008.47 (1,013,000)
- Ford Fiesta – £1,067.66 (1,463,000)
- Volkswagen Golf – £1,104.93 (1,015,000)
The experts also explained that buying a car is usually the biggest expense, even for young drivers.
And five cars stand out for their affordability and popularity among 17- to 24-year-olds.
The most popular car in this age bracket in the UK is the Ford Fiesta, followed by the Vauxhall Corsa, Volkswagen Polo, Volkswagen Golf and Renault Clio.
Despite being the third most popular car, the Polo is the cheapest for young drivers to insure at £966.04 per year, while the Golf is the most expensive option at £1104.93.
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