How To Save Money On Your First Car Insurance Payment

Most 17 year olds are desperate to pass their driving test, get a car and get some freedom. However, nowadays many 17 year olds are finding it increasingly expensive to insure their first car. The price of car insurance is determined by how much of a risk the individual is on the roads, and in general the youngest drivers are the most dangerous. This is due to their lack of experience behind the wheel and it is this inexperience that has seen car insurance for first-time drivers sky rocket.

However, if you are looking to insure your first car then there are a few things you can do to help keep prices down. The first one is to undertake an advanced driving course, like PassPlus, IAM or Max Driver. These courses are designed to teach extra skills and experience thus ensuring that the driver is safer on the roads and less likely to have an accident. Typically, most young drivers save much more than the cost of the entire course on their first insurance premium.

The second thing you can do is to take out a limited mileage policy. This commits you to driving less than, say 3,000 or 5,000 miles a year. If you can stick to this then it can really save you money on your insurance premium.

Consider joining an owners club as this can see your premium fall by up to 15%. If you keep your car in the garage and install an alarm, this will also help to lower the price.

So these are some things you can do, but what about the things you can’t change? You can’t make yourself older or move to a safer area just to make sure that you get cheaper car insurance, but you can choose your car very carefully to make sure that you are not paying over the odds. So how do you know which car is the cheapest one to insure? Here is a little insight into the world of cars and insurance:

Recent research came to the conclusion that the classic VW Beetle is the cheapest car for a teenager to insure. Other classic cars are also great for teenagers, for example the Classic Mini came in 5th place and the Renault 5 scored 9th place. However, it is not just old cars that did well, modern motors such as the Vauxhall Corsa, Peugeot 106 and the Vauxhall Agila also performed well.

If you have a look through the complete list of top ten cheapest cars for teenagers to insure, you will notice that almost all of them are low powered 1 litre engines. The mistake that some young drivers make is to buy a powerful car too early on meaning that the premium goes up massively. All the quotes on the list cover Third Party Fire & Theft Cover for a 17 year old driver living in a moderate-to-low risk area for a vehicle that is valued at less than £5,000.

References:

Motor Insurers’ Bureau
Direct Gov
British Insurance Brokers’ Association

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