How to reduce the cost of car insurance for 18 year olds?
There are many ways you can reduce the cost of your premium. The first thing is to consider the car you will be driving. If you opt for a new, expensive and much more powerful vehicle you are inevitably going to increase your premium.
On the other hand, an older model with a smaller engine is a safe bet for a more reasonable deal on your insurance. This is not only because they are much cheaper to repair, but because less expensive cars aren’t usually targeted by thieves. Always check, though, if that cheap and cheerful older car is easy to steal, then it might be more expensive than you think.
Our data shows that 18 year olds quoting on our site for a Citroen C1 receive the lowest premium The Citroen C1 is the cheapest car to insure for 18-year-olds, on average, with a quote of £960.35. The Peugeot 107 follows hot on its heels with an average price of £968.73 and the Ford Ka and Fiat 500 are other top contenders.
Our average premiums are based on all our customer quotes, from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your personal circumstances.
Another important factor is where you will keep your vehicle when you are not driving it. By leaving it parked on a street, your chances of having your car stolen increase dramatically. A locked garage is better. A third option is to add an older driver with more driving experience to your policy but make sure they use the vehicle. To the insurer this implies that you will spend less time behind the wheel, reducing the chances of an accident. But remember, if you are using the car most frequently you will need to be listed as the main driver of the vehicle. By having another person pose as the main driver for you on the policy, you are committing a crime called ‘fronting’ and could face prosecution.
Overall, the best way to lower your premiums is to prove you are a safe driver.
You can now get telematics car insurance where the insurance company would be able to track your driving performance giving you a chance to prove to them that you are a safe driver. This works by having a small device installed in your car (or an app downloaded on your phone) that tracks your acceleration, braking and cornering. The device would then use this data to give you a score. If it’s acceptable, the insurance company may offer a discount to you.
Finally, after a year, if you don’t claim, you would automatically earn a no claims bonus when you renew your insurance. That’s when you really start noticing a difference in your premium.
Ultimately, the best way to make sure you’re getting the best price for your car insurance is to shop around. By comparing car insurance quotes you can make sure you’re getting the right level of cover for you at the right price.
All average price amounts and cheapest quotes based on comparethemarket.com data in February 2016.