When it comes to car insurance, young drivers definitely get the short end of the stick. Insurance companies tend to view young drivers as a greater risk due to lack of experience on the road. So, if you’re under 25 you stand a good chance of paying as much as £1,500 on your premiums, despite the fact that car insurance prices are dropping. However, there are certain strategies you can use to get a better deal on car insurance for your Vauxhall.
Think Hard Before You Buy Your Car
The thought of getting your first car is probably so exciting that the last thing you want to do is choose your car based on insurance premiums. However, you really need to consider the cost of insurance when you choose your car. If you choose a car with a bigger engine capacity, you’ll end up paying more to insure it.
You’ll already be paying high rates due to your age, so you really don’t want to hike the price up any further than you need to. Consider something like a Vauxhall Corsa, which is registered in the cheaper car insurance groups, meaning you will pay less.
Add another Driver to Your Policy
Being younger than 25 years old makes you a high-risk driver for an insurance company, which is why your premiums could end up costing you a fortune. However, if you add another driver to the policy you might be able to lower your premiums. Note that it has to be someone who is in a low-risk category. In other words, it should be someone with a great track record and plenty of experience as a driver.
With some insurers you can use this approach to lower the average risk on the policy, leading to lower premiums. While it might not work with every insurance company or in every situation, the savings you could make are worth you giving it a try.
Consider a Multi-Car Policy
If you live with your family or friends and have multiple cars registered at the same address, consider taking out a multi-car policy. Some insurers will offer discounts if all the vehicles from the same household are insured together. In fact, some insurance companies will let you take out separate insurance policies for each car but still offer a discount if all the vehicles are registered to the same address.
As with any type of policy, you’ll have to do your research to find the insurer that offers the best discount on multi-car policies. Most comparison sites aren’t equipped for this type of search, so you’ll have to look at individual prices charged on each car. You’ll find that the cheapest insurer for single-car policies will often be the cheapest for multi-car policies as well.
Try Specialist Insurers
Once you’ve gone through offers from standard insurers, it’s time to look at specialist insurance companies as they might offer even more attractive deals. For example, there are insurance policies that will charge you based on when you drive. A tracking device is fitted to your car and monitors when you drive. The more you drive, the higher your premiums will be.
Note that some policies differentiate between driving during the day and the night, often charging more for the latter. There are also specialised policies that offer significant discounts if you don’t drive between certain hours at night, such as staying off the road between 11pm and 5am. However, if you don’t stick to the agreement, the extra fee you have to pay is huge, so be careful.
There are also car insurance policies that charge you according to how responsibly you drive. These types of policies use a black box device to monitor how you drive, as well as when you’re on the road. The telematics device analyses various aspects of your driving style, such as monitoring your average speed, and tracking how you handle your car when cornering and braking. The information recorded is collated and then used to give you a performance score. Your premiums are calculated based on your driving score. The safer you are as a driver, the lower your premiums will be. The advantage is that you have the opportunity to improve your driving with tips and recommendations from the insurer’s website.
Remember, just because you’re a young driver it doesn’t mean that you have to pay a fortune on car insurance for your Vauxhall. Though it might not be the sexiest option, stick to a Vauxhall Corsa or similar model until you gain some experience and do your homework to find a policy that won’t charge you a fortune.