Car Insurance for Young Drivers Becomes a Good Business

Car insurance for young drivers is a costly business these days and many insurers admit that they are less than willing to insure drivers dropping into this high risk group.

While statistics are infamous for being 'flexible' those relating to the 17-25 year old age group of drivers are honestly clear. Understanding the market and how to contact cheaper quotes is crucial for many young drivers and can offer some important savings.

There are no ways to cut the cost of car insurance for young drivers. Wrong again. There are a number of simple ways to decrease the cost of your premium - even in your first year of driving.

Adding a young motorist to an older driver's policy is the best way to save money. This can save money, but doesn't allow you to build up your own no rights bonus. A policy in your own name allows you to do this and to advantage from significant discounts in the cost of following years insurance.

Third party is cheaper than fully comprehensive insurance. For experienced drivers this is usually the case - but not so for young drivers. Often the costs can be unevenly the same, but fully comprehensive can come with added add-ons such as break and recovery. The extras can actually make it the most competitive car insurance for young drivers

A lower powered, older car will be cheaper to insure than a brand new high performance model. It may not be the car of your dreams, but can help you to gain experience of driving and build up a top of good driving.

Consider 'Pay how you drive' policies. These are few and far between at the moment but are aimed at young drivers, specifically to lower their insurance costs. A smart box is built-in to your car and monitors your speeds, braking, cornering and other heavy skills. Good driving is rewarded with excellent rates of Car insurance for young drivers.

Comparison shopping is a must for any driver, but especially for car insurance for young drivers. Comparison sites don't always check the same insurers so check a few and look for expert sites and brokers. The car insurance industry is competitive and there are insurers looking for your business. Some simple steps and a little time invested in pursuing down the deals can mean that car insurance for young drivers is still an option.

Michael Braganza is financial content writer currently working in the insurance industry for http://www.4thelads.ie. 4thelads is one of the leading car insurance for young driver’s sites in the UK and our focus is to find the right insurance policy for the right price.