Teenagers should consider the following tips when searching for a car insurance deal. Teenagers are one motor insurance age group that will always have to pay extremely high premiums. This is because according to insurers, they are considered to be a very high risk policyholder. Probably due to the fact that because of their lack of experience driving a car, they are considered a liability.
It is a well known fact that over 25 percent of accidents involve a teenage driver. Plus, many of them have not got a clean driving licence as well. So they are seen as an unsafe and unreliable driver, that has a high success rate of making a claim. Insurers prefer drivers that are not likely to make a claim.
So how can you become a low risk driver in the eyes of the insurer?
Keep out of trouble by obeying the high way code and building your no claims status up. It will take at least four years of claim free driving to get a healthy discount from an insurance company. However, you could put one of your parents onto your policy as a named driver; this will help your status and could reduce the premium a little.
Consider switching to a third party fire and theft policy. Fully comprehensive car insurance policies are very expensive because they offer so much coverage. But if your car is not worth much and you want an affordable insurance policy, a third party policy could be an option for you to consider. Visit the More Than car insurance website and see what deals they can offer a teenage driver.
Perhaps fitting your car with a tracking system is a good idea. Securing your motor against theft can also earn you a discount from the insurer. Having an alarm or immobiliser can also protect your vehicle from being stolen and get you a discount.
Your voluntary excess on your policy could be increase to a high amount. Increasing it will force the premium to drop, because you are now going to be paying out more money instead if you were to make a claim to the insurer. So consider increasing the excess to reduce your premium.
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