How to Get Cheaper Car Insurance for 18 Year Olds
Car insurance for 18 year olds
To drive on UK roads, you must have car insurance no matter how old you are. Y oung drivers are far more likely to be involved in accidents than drivers aged 25 and older , meaning premiums can be some of the highest. If you can't afford your own policy, you could be a named driver on another person's car. Remember though, you can't pretend that someone else is the main driver of your car to benefit from cheaper insurance, this is fraud!
If you're caught without appropriate insurance, you can be fined and end up with six points on your licence. If you receive those points within two years of passing your driving test, you can also have your licence taken away.
How much is car insurance for an 18 year old?
Insurers analyse data to work out what the chances of a claim being made are. The higher the chance, the pricier the policy.
Unfortunately, young drivers around the age of 18 are more likely to be involved in an accident and make a claim. The ABI report that drivers aged 17-24 only make up 7 per cent of UK licence holders and drive fewer miles than the average but are involved in 24 per cent of all fatal collisions. With that in mind, it's not unusual for policies to be upwards of £900.
Young brains are not as developed as adult brains, actions are guided more by the emotional and reactive amygdala and less by the thoughtful, logical frontal cortex. This means young people are more likely to take risks and act on impulse behaviour, this make them riskier to insure.
Another factor that can contribute to higher premiums is the fact that you might also be a student. Taking your car to a busy university town and parking it on the street can increase the risk of damage or theft which can raise premiums too.
If you're 18 and have accumulated one years' worth of no claims discount, then the good news is that so long as you keep on going, premiums are more than likely to come down.
Why compare car insurance for 18 year olds?
We've discussed that car cover for young drivers is particularly expensive, so shopping around gives you the chance to see what different insurers are offering and at what price – helping you get a clearer picture of the market. Arming yourself with all this knowledge can give you clarity over what represents the best value for money.
Comparing at mustard.co.uk give you access to 70 leading providers, plus our Cheapest Price Guarantee* means we promise to beat other online quotes so you don't spend any more than you need.
Simply fill in one quick form and let us do the searching for you, it only takes around 5 minutes to compare with us. Alternatively you can call a friendly expert on tel: 0330 022 8814
What's the cheapest car insurance for 18 year olds?
In the past, third party policies were often the cheapest option but that's not necessarily true now. This is because insurers realised that some of the most expensive claims came from third party policyholders who were often in high-risk groups (like young drivers). To balance out premiums and compensation claims, the cost of insurance cover changed accordingly.
Today, that means some of the most competitively priced car insurance packages are actually comprehensive policies, which makes it even more important to compare quotes. Visit our car insurance page for all our top tips on finding the best cover for you.
How to Get Cheaper Car Insurance for 18 Year Olds
Source: https://www.mustard.co.uk/car-insurance/car-insurance-for-18-year-olds/
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