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Before you take to the roads for the first time after passing your driving test, make it a priority to get a great deal on your new driver car insurance. Not sure where to start? You’ve come to the right place. Because we recognise that insurance for new drivers can be an expensive business, we want to help you potentially save money and find a deal that’s right for you.
While driving experience plays a role in the cost of car insurance for new drivers, even more important is the fact that most new drivers are young drivers between the ages of 18 to 24 years old. Statistics show that young drivers who’ve recently passed their test are more likely to be involved in an accident. In fact, almost a quarter of all 18 to 24 years olds have a crash inside the first two years of driving. And drivers aged 17-19 might only make up 1.5% of UK licence holders, but they’re involved in 9% of fatal and serious crashes. Of course, this isn’t your fault as a new driver, and you’ve had no opportunity to build up the no claims bonuses that could help you reduce the cost of your car insurance later in life. The good news is there are ways to reduce the cost of your insurance, even as a first-time applicant.
If you want to reduce your car insurance premium, then yes, a higher voluntary excess can help. However, if you make a claim, you will pay more.
In insurance speak, the compulsory excess on a policy is the amount of money you’ll need to pay when you make a claim in the future. It’s set by the insurance provider. Then there’s the voluntary excess in addition to this, which you can set yourself. Increasing your excess to an amount that you can still afford could help to reduce your premium. But remember, if you do need to make a claim, you’ll have to pay the compulsory and the voluntary excesses together – so make sure you can afford the total.
If you’re a new driver and share the vehicle with a more experienced one, adding this second driver as a named driver might save you money. Because you’ll be spending less time in the car, your insurance provider could reduce your premium as you’ll have less chance of having an accident. Even an experienced driver with a good record who only drives your car occasionally could make a difference. Just make sure you don’t put forward the other person as the main driver, if that isn’t the reality. This is known as 'fronting', which is a type of insurance fraud and, at the very least, could invalidate your policy.
As a new driver, you could reduce the cost of your car insurance. Here’s how:
We independently compare more than 90 of the UK’s insurance providers to provide new and young drivers with car insurance deals. We’ll show you policies based on price, policy cover level, add-ons or annual or monthly payment terms – helping you compare policies based on your needs.