Car insurance for teenagers has never been easy to obtain. Newly qualified or learner drivers with a provisional licence have probably found how difficult it is to find cheap car insurance. Often car insurance companies may even refuse to quote teenagers simply because of how old they are!
Statistically teenagers and young drivers are at higher risk of having an accident than older more experienced drivers. This is particularly true for newly qualified or learner drivers. As a result their insurance premiums tend to be higher.
However, a number of companies in the UK now offer specialist insurance policies for teenagers and young drivers resulting in more competitive premiums and better cover.
Quotes for teenagers vary considerably from insurer to insurer. So to find the best deals it is always important to shop around.
Here are a few hints for obtaining cheaper car insurance for teenagers:
Try to build up your no claims bonus. Once you have built up a few years discount it may be good idea to opt for a protected no claims discount policy.
Consider increasing the excess on your policy. By opting for a higher excess, premiums can be reduced significantly.
Do not modify your car. Eye catching accessories or performance enhancements may help you stand out for the crowd, but they only increase the cost of repair or replacement and are therefore reflected in a higher insurance premium.
Many families try to avoid high premiums by insuring the car in a parents name and adding the teenager as a named driver, even though the teenager is the main driver. This fraudulent practice is called "fronting" and could result in a claim not being settled, or worse, the teenager could be convicted of driving without insurance and fined. Do not be tempted by this route.