Consider the ‘telematics’ option
Whether you call it black box or telematics car insurance, this satellite technology offers an effective way to lower the cost of car insurance for young drivers – MoneySuperMarket data shows that you could save an average of £385.25.
Telematics works by using a small transmitter in your car, or via a smart phone app, to relay information on your driving style and driving patterns back to your insurer, so they can base the price of your premium on how you actually drive- not how other people in your demographic drive.
This approach is viewed as a fairer way of pricing policies and has led to young drivers’ premiums significantly falling. Black box insurance becomes less impactful as you get older and more experienced as a driver, so it might be more worth considering before you reach your 25th birthday.
Insurance Quotes For Young Drivers
Like most insurance policies, cheap car insurance for young drivers may not always be the best insurance for young drivers. Before you get a quote for any young driver insurance policy, whether it’s for you or you’re a parent doing it on behalf of your son or daughter, you need to make sure that you know what you need covering, and understand the options available to you.
Online Quotes For Young Drivers
If you’re only searching online for insurance quotes for young drivers, then make sure you are fully aware of what is and isn’t included in the policies, and that you completely understand the terms of the policy including any restrictions. Some insurance brokers that offer a quote online might base it on certain assumptions which may not be relevant to your circumstances, and they may insist on certain restrictions such as curfews, which may not fit in with what you want from your policy.
Check before you buy! If you don’t make sure your quote is exactly as you want it, and something happens such as an accident or a claim, you may find you are not fully insured. Similarly, if you have a mileage limit or a curfew and you haven’t read the details, you may find your insurance gets cancelled or you get fined by your broker.